Netflix’s big bet on live events is paying off. New data published by the analytics firm Antenna indicates that Netflix added 1.43 million subscribers in the days surrounding the Mike Tyson vs. Jake Paul boxing match, while 656,000 members signed up around its NFL Christmas Day games.
Mike Tyson wasted no time in splashing his prize money from his infamous fight with Jake Paul by snapping up a $US13 million ($A20.6 million) megamansion in Florida.
While investors want to see numbers that will justify the premium, Netflix is so dominant that I’m not turned off having to pay more to hold it.” A November boxing match between Mike Tyson and Jake Paul drew Netflix a global audience that peaked at 65 million streams,
The streaming giant hosted its record-breaking boxing match between Jake Paul and Mike Tyson, and its first ever NFL games, in the quarter.
Netflix remains a strong player but lacks the upside potential and risk-reward balance to justify its valuation and is unlikely to outperform the market. Read more here.
Standard monthly memberships jumped a dollar, up to $7.99 a month, according to Gregory K. Peters, Netflix co-CEO, president and director. Memberships without ads will increase more than two dollars, up to $17.99 per month, Peters said. Premium subscribers will have to shell out an extra two dollars a month, bringing the monthly fee to $24.99.
A strong slate of recent original shows and live events is likely to have encouraged people to sign up for the streaming service.
Executives at Netflix cited live events like the Jake Paul-Mike Tyson fight and the Christmas Day NFL games it showed as reasons its fourth-quarter content "outperformed even our high expectations."
Netflix added nearly 19 million subscribers during the holiday-season quarter to help propel its earnings beyond analysts’ projections, signaling that the video streaming service’s expansion into live programming is paying off.
JAKE PAUL put Mike Tyson on his shoulders as the pair reunited at Donald Trump’s inauguration party. The duo fought in Arlington, Texas last November, with their bout streamed live on
Netflix reaffirmed its dominance of the streaming video market on Tuesday, as its mixture of live sporting events, popular returning series - and
Netflix’s ad-tier subscription used to cost $6.99. A standard subscription used to be $15.49. And a premium subscription used to be $22.99.