Netflix, Inc. (NFLX) now has 33.4 million U.S. subscribers
Netflix, Inc. (NASDAQ:NFLX) has announced today that they added 2.33 million streaming subscribers in the U.S. Netflix now has 33.4 million U.S. streaming subscribers. The company is also expecting similar subscriber growth in Q1 2014 with around 2.25 million more streaming subscribers domestically and about 1.6 million internationally. Netflix said that they have benefitted from “the tailwind of Internet video growth in general.”
Netflix also issued a statement today about the federal appeal court’s decision to end net neutrality rules. Internet service providers will be able to treat different types of content that is served over the Internet differently without net neutrality. This means that an Internet service provider can create their own video streaming service can could slow down or charge you extra to use rival services like Netflix. However, Netflix said that Internet providers are unlikely going to slow down or charge for these types of services anytime soon. But Netflix warned that there may be a push for more regulation of Internet providers if they start slowing down certain types of data.
“Unfortunately, Verizon successfully challenged the U.S. net neutrality rules. In principle, a domestic ISP now can legally impede the video streams that members request from Netflix, degrading the experience we jointly provide. The motivation could be to get Netflix to pay fees to stop this degradation. Were this draconian scenario to unfold with some ISP, we would vigorously protest and encourage our members to demand the open Internet they are paying their ISP to deliver,” said Netflix in the statement. “In the long-term, we think Netflix and consumers are best served by strong network neutrality across all networks, including wireless. To the degree that ISPs adhere to a meaningful voluntary code of conduct, less regulation is warranted. To the degree that some aggressive ISPs start impeding specific data flows, more regulation would clearly be needed.”