Netflix Now Biggest 'Cable Network'

With 4B minutes watched in 1Q, Netflix surges

By Mark Russell,  Newser Staff

Posted Apr 12, 2013 10:27 AM CDT

(Newser) – Netflix customers watched more than 4 billion hours of programming in the first quarter of 2013, said CEO Reed Hastings in a Facebook post last night, a number that could make the online streaming service more popular than cable, reports the Huffington Post. With 28 million users, mostly in the United States, that works out to 87 minutes of Netflix a day per subscriber, making it "the most watched cable network, essentially in-line with the Disney Channel," says one analyst. That 4 billion figure is way up from the one billion Hastings reported in the second quarter of 2012, notes Bloomberg.

Netflix CEO Reed Hastings posing for a photo at Netflix headquarters in Los Gatos, Calif, July 25, 2008.
Netflix CEO Reed Hastings posing for a photo at Netflix headquarters in Los Gatos, Calif, July 25, 2008.   (AP Photo/Paul Sakuma)
« Prev« Prev | Next »Next » Slideshow
My TakeCLICK BELOW TO VOTE
2%
17%
0%
77%
2%
3%
To report an error on this story, notify our editors.

NEWS FROM OUR PARTNERS
Other Sites We Like:   The Street   |   24/7 Wall St.   |   BuzzFeed   |   Cracked   |   World History Project   |   POPSUGAR Tech   |   Business Insider   |   HuffPost Entertainment