Internet video viewed on TV sets is spreading like wildfire in U.S. homes. Led by Netflix (NFLX), it also is starting to have an impact on pay TV subscriptions, analysts say. About 49% of U.S. households have at least one television set connected to the Internet via a video game system, Blu-ray Disc player, smart TV set or stand-alone device like a Roku box, Apple’s (AAPL) Apple TV or Google (GOOGL) Chromecast, according to Leichtman Research
Netflix(NFLX) is eyeballing China as it plots global expansion. Netflix — which on Monday set a September launch for six European markets, including Germany and France — talked about prospects for China on its Q2 conference call with analysts. According to the online video streamer’s letter to shareholders, after this fall’s expansion in Europe, “we’ll address about one-third (271 million of 728 million) of current global broadband households, providing a great opportunity to build on our international success beyond 2014.” On the conference call late Monday, Netflix CFO David Wells added: “Around that range of 700 million to 800 million are today’s broadband households. And all of those territories, mainly outside the U.S. and most of the developed markets in Europe, are growing at a much faster pace. So those numbers are going to grow and grow. . .. China is about a quarter of that 730 million; we’re…
Netflix(NFLX) is eyeballing China as it plots global expansion. Netflix — which on Monday set a September launch for six European markets, including Germany and France — talked about prospects for China on its Q2 conference call with analysts. According to the online video streamer’s letter to shareholders, after this fall’s expansion in Europe, “we’ll address about one-third (271 million of 728 million) of current global broadband households, providing a great opportunity to build on our international success beyond 2014.” On the conference call late Monday, Netflix CFO David Wells added: “Around that range of 700 million to 800 million are today’s broadband households. And all of those territories, mainly outside the U.S. and most of the developed markets in Europe, are growing at a much faster pace. So those numbers are going to grow and grow. . .. China is about a quarter of that 730 million; we’re…