The video streaming service leaped 53 spots to No. 261 on this year’s Fortune 500 as revenue ballooned 32.4%, profits soared, and its market cap topped $100 billion for the first time. In its 21st year in business, Netflix had its best-ever quarter in terms of new subscribers when it added 8.33 million in Q4 for a total of 24 million new memberships for the year. That growth is being driven, in part, by hit original series like The Crown, Black Mirror, and Stranger Thing, which have cemented Netflix’s dominance in the video content space.
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News about Netflix
People are getting tired of Internet cable channel bundles, too.
The Netflix Crüe flick is the latest release in the biopic trend.
But now a film studio could be more likely.
The technology giant is planning a star-studded March 25 event to announce both services.
That could result in higher prices for locals.