Netflix now has 158 million subscribers, wins streaming wars (for now)

Netflix added 6.77 million subscribers in Q3 2019, now has a total of 158 million subscribers.

@anthony256
Published Thu, Oct 17 2019 9:46 PM CDT   |   Updated Tue, Nov 3 2020 11:46 AM CST

Netflix is pretty much unstoppable, but remember... the streaming wars are only just beginning as Disney is about to unleash Disney+ into the world. However, Netflix did pretty well in Q3 2018.

The streaming giant shared the details of its Q3 2019, with Netflix expecting 7 million new subscribers but only adding 6.77 million new subscribers, but it still made for an all-time record quarter. The recent price hikes didn't help Netflix keep as many subscribers as it expected. Netflix explained the bleeding out of customers: "With more revenue, we'll continue to invest to improve our service to further strengthen our value proposition".

Amazon Prime and Hulu are Netflix competitors in the here and now, but then we have Apple TV+ coming with a third outing in the Band of Brothers franchise, Disney+ with a near unlimited library of content to add to its service, and then we have HBO Max (please release the Snyder Cut of Justice League as an exclusive, WB) as well as NBC's upcoming Peacock subscription service.

Netflix exclusive Stranger Things enjoyed mega-success, with a huge 64 million member households streaming the new third season in its first four weeks. Not bad at all.

Netflix now has 158 million subscribers, wins streaming wars (for now) | TweakTown.com
NEWS SOURCE:time.com

Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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