Netflix released its Q1 earnings this week, and has managed to add more than 3 million customers in the US in the first quarter alone, riding the success of its recent “House of Cards” and “Hemlock Grove” numbers. According to Netflix CEO Reed Hastings, this is only the start.
For one, subscribers can expect more original and exclusive programming. After the Q1 earnings implied that Netflix owed much of the subscriber increase to “House of Cards,” they plan to continue with its binge viewer-friendly release model. They also mentioned introducing a family plan, allowing up to four subscribers to stream simultaneously (for a slightly larger fee per month). This may also help to solve Netflix’s problem of sharing accounts, and will also probably lead to some pretty interesting recommendations for a family of five.
Read more about it at Venture Beat and Engadget.
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