real-time news and commentary for investors
Tuesday, May 21
Netflix (NFLX -1.5%) could pass all cable networks and perhaps even a major network this summer...
Netflix (NFLX -1.5%) could pass all cable networks and perhaps even a major network this summer in terms of hours watched per month as the streaming service launches Arrested Development just as the traditional network season winds down. The feat is fairly impressive when it's considered that the service is only 28M homes - compared to the +100M penetration of cable networks. Q1 scorecard of viewer hours/month (via BTIG): CBS 3.3B; ABC 2.6B; NBC 2.3B; Fox 1.9B; Disney Channel 1.3B; Netflix 1.2B.