Netflix is still not available in SA. But it is available in the US and it’s probably the most popular video streaming service in the world. This comes from a survey conducted by RBC Capital Markets which showed that the service is at an all-time high.
The survey shows that 51% of American Internet users watch movies or TV shows on Netflix. That places Netflix on top of YouTube, Amazon, Hulu, and HBO Go.
We believe that Netflix has achieved a level of sustainable scale, growth, and profitability that isn’t currently reflected in its stock price.
These stats could be due to Netflix’s original content that has been improved over the last few months and offers exclusive TV shows and movies only available on the platform. Netflix ended September with 43 million US subscribers and 26 million international subscribers.
We are still waiting for Netflix to land in SA, and when it does, it is sure to be an instant hit. There are methods in getting it running in SA if you want to test out the service.