Netflix experienced a very rough year, but ended 2011 on a high when it comes to its streaming business. The company this morning announced that, in the fourth quarter of 2011, its 20 million members (from across 45 countries) instantly watched more than two billion hours of TV shows and movies.
That breaks down to roughly 666 million hours of on-demand streaming on Netflix per month, or about 22 million hours per day, on average.
Very impressive, but let’s wait until we get to take a look at the company’s earnings report for the quarter before we break out the popcorn champagne.
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With more than 23.3 million members in the United States and Canada, Netflix, Inc. is the world’s leading Internet subscription service for enjoying movies and TV shows. For $7.99 a month, Netflix members in the U.S. can instantly watch unlimited movies and TV episodes streaming right to their TVs and computers and can receive unlimited DVDs delivered quickly to their homes. In Canada, streaming unlimited movies and TV shows from Netflix is available for $7.99 a month. There are...
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