Netflix sales and subscribers soar 150% in Asia over 2 years
- Author: Michelle Webb Dec 19, 2019,
Dec 19, 2019, 0:24
Streaming giant Netflix says 26.4 million households watched "The Irishman" within the first seven days on the platform; St. John Properties in Maryland gives a bonus totaling $10 million to its 198 employees. After recording the highest revenue and market share in the United States and Canada, Netflix is now looking to replicate that success in other markets as competition in Northern America gets tougher with services like Apple TV Plus and Disney+.
Netflix confirmed that there are 67.1 million pay subscribers in the United States and Canada, which is nearly two million more than in the Middle East, Europe and Africa, which now stands at 47.4 million members. This variation can be mirrored in Netflix's Q1 report in 2020. So far, the company has only reported the number of its domestic and global customers in its quarterly reports.
Since 2017, Netflix has more than doubled subscribers in EMEA to 47.4 million, making it the company's second-largest market outside its home turf, the US.
But Latin America 29 million subscribers came at just $8.21. The Asia Pacific region has clearly been a key region for Netflix recently.
Asian shares up as trade deal fans confidence
Plus, China has also pledged to protect USA intellectual property and not force companies to disclose their major secrets. The implementation of the phase-one deal would be of significance for future trade negotiations, the researcher said .
Total Netflix subscriber growth in September was up 22% to 158.4 million versus the same month a year before.
"In gentle of the [Netflix'] s rising variety of memberships and income from outdoors the United States, this regional reporting is in line with how [it] evaluations and manages its membership and income tendencies", Netflix stated in its SEC submitting.
Netflix is focusing on its worldwide business as the streaming landscape becomes more crowded, with Walt Disney Co's Disney+ and Apple's Apple TV+ entering the market and two other services - HBO Max, from AT&T-owned WarnerMedia, and Comcast-owned NBCUniversal's Peacock - set to launch next year. WarnerMedia and NBCUniversal are poised to enter the streaming battle subsequent spring, in addition to Quibi, a mobile-only streaming service from Jeffrey Katzenberg.