The company shed $130 million in value after J Capital’s report.
Netflix has added 8.5 million new paid memberships, bringing the streamers’ total paid memberships past the 200 million marks in Q4. Netflix has seen a boom in subscribers as the COVID-19 pandemic continues to keep people at home.
In its latest quarterly earnings report, Netflix announced that it has surpassed the 200 million paid memberships threshold. “For the full year, we added a record 37 [million] paid memberships, achieved $25 billion in annual revenue… and grew operating profit 76% to $4.6 billion.”
At 200 million, Netflix has the largest subscriber base out of any streaming service, though competition in the streaming space is heating up. In December, Disney reported that it had 86 million subscribers for its Disney+ streaming service, alone.
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Meanwhile, HBO Max is looking to make a big play this year by bringing highly-anticipated movies formerly scheduled for theater-only releases to HBO Max streaming on the same day. This includes titles like Godzilla vs. Kong, Dune, and The Suicide Squad.
But at over double the subscriber count of its nearest competitor, Netflix is sitting pretty atop the streaming throne. The company recently announced that it will premiere a new original movie every week for the full 2021 calendar year.
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Looking forward to Netflix’s 2021, there will be new offerings like Zack Snyder’s zombie heist film Army of the Dead starring Dave Bautista; Thunder Force starring Melissa McCarthy and Octavia Spencer; and Red Notice starring Dwayne Johnson, Gal Gadot, and Ryan Reynolds.
Matt T.M. Kim is a reporter for IGN.
Netflix powered past the 200 million subscriber mark in 2020 to cap its biggest-ever year of growth, driven by viewership gains during COVID-19. In the fourth quarter of 2020, Netflix added 8.51 million paid streaming subscribers to stand at 203.7 million worldwide at the end of the year. Netflix previously forecast 6 million global paid […]
The $6 million Series A round was led by Middle-Eastern VC firm MEVP Capital.
With nearly 6 million units sold, Nintendo Switch consoles accounted for 87% of all console sales in Japan in 2020.
According to Famitsu/KADOKAWA data (via GamesIndustry.biz), the normal Nintendo Switch sold 3.9 million units, while the Switch Lite sold over 2 million.
There were 6.85 million consoles sold in Japan in 2020, and PS4 came in second place with around 543,000 units. PS5 sold over 255,000 units.
Japan’s game market brought in over $3.5 billion, which is up 12.5% year-over-year. Console hardware sales and boxed game sales saw increases year-over-year of 16.4% and 9%, respectively.
Nintendo also accounted for almost 50% of all boxed game sales in 2020, with Animal Crossing: New Horizons being the best-selling boxed game of the year with nearly 6.4 million copies sold. Ring Fit Adventure came in second place with 1.5 million units sold, and Momotaro Dentetsu: Showa Heisei Reiwa mo Teiban! came in third place with 1.2 million copies sold.
Nintendo Switch’s success obviously extended beyond Japan, with it achieving the second-highest annual dollar sales in U.S. console history in 2020. The Switch has also been the best-selling console in the U.S. for 25 consecutive months.
Even though the Switch’s success is showing no sign of slowing down, it hasn’t stopped many from wishing for the long-rumored Nintendo Switch Pro. While many hope that it will launch in 2021 alongside The Legend of Zelda: Breath of the Wild 2, analysts are a bit more conflicted.
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