Reuters is reporting that Netflix has crossed the $100 Billion market cap as it gained many more subscribers in the last quarter of 2017, 2 million MORE subscribers than expected. Many of those subs are from outside the US (and apparently they are bitching about it).

While all the new subs are surely good news for Netflix, it also took a $39M write-down for, “unreleased content we’ve decided not to move forward with.” It seems as though Kevin Spacey’s grab-ass took a good bite out of original Netflix programming moving forward with both House of Cards going by the wayside as well as an upcoming film, Gore (insert your own joke here), which starred Spacey as well. It is a damn shame we will not ever see where Frank Underwood’s path ended. Anyway, not all bad for a DVD-by-mail company eh?

I have been a Netflix subscriber since the early days, and will say that is GUI is not the best for finding content. I did happen to come across this site, Flixable, yesterday. It gives you a quick and easy listing of newly added content that can be easily sorted and filtered.



Netflix plans to spend up to $8 billion this year on TV shows and movies to fend off Disney, Amazon.com Inc (AMZN.O), studios-owned Hulu and local competitors that are jumping into online video, and it is turning more and more to high-budget projects, such as the roughly $90 million “Bright.”

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Source: [H]ardOCP – Netflix 0B Market Cap and M Kevin Spacey Loss