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Netflix Is Now Worth More Than $100 Billion
by BeauHD
23 Jan 2018 at 5:00am
Netflix has crossed the $100 billion mark for its market cap as it once again surprised industry observers with better-than-expected growth in its subscribers. TechCrunch reports: The company said it added more than 8 million new subscribers total after already setting pretty robust targets for the fourth quarter this year, giving it a healthy push as it crossed the $100 billion mark after the report came out this afternoon. While the company's core financials actually came in roughly in line with what Wall Street was looking for (which is still important), Netflix's subscriber numbers are usually the best indicator for the core health of the company. That recurring revenue stream -- and its growth -- is critical as it continues to very aggressively spend on new content. The company said its free cash flow will be between negative $3 billion and negative $4 billion, compared to negative $2 billion this year. And that aggressive spending only seems to get more aggressive every time we hear from the company. Netflix is now saying that it expects to spend between $7.5 billion and $8 billion on content in 2018 -- which is around in line with what it said in October when it said it would spend between $7 billion and $8 billion. It's the same range, but tuning up that bottom end is still an important indicator. Some notable numbers include $3.29 billion in revenue, 1.98 million Q4 U.S. subscriber additions, and 6.36 million Q4 International subscriber additions.

Read more of this story at Slashdot.


Google Just Broke Amazon's Workaround For YouTube On Fire TV
by BeauHD
23 Jan 2018 at 2:00am
Google has cracked down on Fire TV users once again. Today, the technology company blocked Silk and Firefox browsers from displaying the YouTube.com interface usually shown on large screens. Cord Cutters News reports: Now if you try to access YouTube.com/TV on a Fire TV through the Firefox or Silk browser you will be redirected to the desktop version of the site. According to Elias Saba from AFTVnews, "By blocking access to the version of YouTube made for television browsers, Google has deliberately made browsing their website an unusable experience on Amazon Fire TVs, Fire TV Sticks, and Fire TV Edition televisions." This fight over YouTube and Amazon has been going on for some time. The standoff heated up in early December as Google announced plans to pull the YouTube app from the Fire TV on January 1st 2018. Amazon responded by adding a browser to allow access to the web version on the Fire TV. Now Google has countered by blocking the Fire TV's browsers from accessing the made-for-TV edition of YouTube.com. Back on December 15th, The Verge reported that Google and Amazon are in talks to keep YouTube on the Fire TV, but as of today it looks like nothing has come from these talks.

Read more of this story at Slashdot.



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