Netflix reaches 125 million subscribers

By Nathaniel Dalby - Wed 18th Apr 2018 News

The streaming giant goes from strength to strength.

Netflix has hit the 125 million worldwide subscriber mark, Deadline reports.

The streaming giant has seen its gains reach a new high after a very strong first quarter of 2018, in which it added 7.41 million new subscribers.

Since last year, total revenue for the service has jumped 43% to a whopping $3.7 million.

Netflix has been pumping out original shows and films at a fast rate recently, with 18 original series and 11 new seasons for existing series being added in the first 3 months of 2018 alone.

The service has come under some scrutiny along with its new additions, with a number of its original films being criticised as with some claiming the company has more of a “quantity over quality” mindset.

Original films that have been funded by the service, including sci-fi film Mute and fantasy actioner Bright, have been poorly received by many despite both drawing in huge viewing figures from Netflix subscribers.

The debate as to whether these kinds of films can be considered for awards rages on, with a number of traditional film fans and makers arguing that a film needs to be in the cinema in order to be represented at ceremonies.

Recently, the Cannes Film Festival barred Netflix films from being allowed to compete, with a new rule in place saying that if a film is featured in Cannes it cannot be on Netflix France for at least 3 years.

This was acknowledged by Netflix in a letter to its French subscribers.

“We regret our films not being able to compete at this year’s Cannes film festival. The festival adopted a new rule that means if a film is in competition at Cannes, it cannot be watched on Netflix in France for the following three years 

“We would never want to do that to our French members. We will continue to celebrate our films and filmmakers at other festivals around the world but unfortunately, we will have to sit out Cannes for now so that our growing French membership can continue to enjoy our original films.”

Despite the debate about Netflix and how it affects traditional media being hotly contested, the service shows no signs of slowing down, with 2018 bringing more and more original programming to the platform.

Source: Deadline