It was the first time the streaming service has pumped out so much content in a month according to a post that CEO Reed Hastings made on his Facebook page. “Congrats to [Chief Content Officer] Ted Sarandos, and his amazing content licensing team,” Hastings wrote. He added: “When House of Cards and Arrested Development debut, we’ll blow these records away. Keep going, Ted, we need even more!” BTIG’s Richard Greenfield made some back-of-the-envelope calculations and figures that Hastings’ data means the average Netflix subscriber watched it 80 minutes a day — up from 64 minutes a day in the last three months of 2011. If true, he says, then ”Netflix would have been the 7th most watched network inclusive of broadcast and cable networks (up from#15 in Q4 2011). It also would have been #2 among cable networks, slightly larger than ESPN and just below Disney Channel.” Hastings’ news, along with an upbeat report today from Citigroup’s Mark Mahaney, contributed to a 6.2% jump in Netflix shares to $72.04. That’s not bad. But here’s something worth remembering as we approach the anniversary of Netflix’s July 12 announcement of its plan to split the streaming and DVD rentals into separate businesses, with a 60% price hike for people who wanted to keep both services. A year ago the company shares traded for close to $300.

Why do people complain about paying more for both DVD and streaming when it’s so easy to jump back and forth between plans? Either DVD or streaming is $8. So get DVD only for a while, burn thru the stuff that’s only on DVD, then jump to streaming. Just keep doing that indefinitely. Can’t get cheaper than $8/month (w/o piracy) & that gives you effectively everything. I’ve rarely found anything I want to watch that Netflix doesn’t stock.
That’s what I do, I wait a few months until there is enough new releases join the dvd+streaming for a month watch the dvd’s then go back to streaming. They also prorate the days. It’s really not that hard. There just isn’t enough new releases coming out of Hollywood regularly to keep the DVD=streaming option every month, and they seem to be going into more and more TV shows in streaming.
Great news! Hopefully we’ll see @arresteddevdoc on netflix soon….
Had Netflix for a few months and wasn’t impressed by them. Wasn’t there a suit between them and Wal-mart that is still being debated as we speak?
I wish I knew more about the entertainment industry. That is why I log on here to read everyone’s comments. Even when I don’t agree.
I wonder why the networks don’t put their library out there for us themselves. I would gladly pay $8 a month to each ABC, CBS, NBC and more to access their entire library. It would be great to kick back and watch a show from my childhood at whim. I guess there are all kinds of rights issues that have to worked out. It’s ashame since most of what u would love to see again is not in syndication.
Oh well… I can dream. If that happened I could kiss my cable company bye bye.
I wonder what the balance on Netflix streaming is between adult and child viewing.
Richard Greenfield’s calculations from Hastings’ data may mean the “average” Netflix subscriber watched it 80 minutes a day, but kids can watch a lot of TV after school, when TV is traditionally one of America’s favorite babysitters.
Moreover, I think that it would be interesting to see what visible, measurable impact Netflix streaming is having on the Disney channel(s) viewership.
This is no doubt due to my watching 4 seasons of Sons of Anarchy. 2012 will pale in comparison with only Season 5 to watch.
Its probably because I watched all those Twin Peaks
76 episodes of X-Men @ 22minutes a piece.
I look forward to the time when all programming is accessible and purchasable totally ala carte. The story about Netflix’s 1 billion viewed hours confirms in my mind that in fact we can head in that direction. I’m comfortable spending 99 cents for a song on iTunes that I own forever. I’d be happy to pay a dollar or two to have a one or two day license to watch something like the Olympic Opening Ceremony. The major obstacles? The deeply rooted status quo ad business/sponsor/executive/legal mega-salaries. This too may pass. The crowd will soon be in control.