“Netflix has wrought its transformation without triggering a backlash”
Netflix’s entertainment output this year “will far exceed that of any TV network; its production of over 80 feature films is far larger than any Hollywood studio’s,” The Economist writes in its cover story:
- “Netflix will spend $12bn-13bn on content this year, $3bn-4bn more than last year.”
- “The 125m households the company serves, twice as many as it had in 2014, watch Netflix for more than two hours a day on average, eating up a fifth of the world’s downstream internet bandwidth.”
- “Uniquely among tech upstarts that have reshaped industries in recent years, Netflix has wrought its transformation without triggering a public or regulatory backlash. With a share price that has more than doubled since the start of the year, it is as popular with investors as it is with consumers.”