Netflix embarrasses traditional network with earnings and Emmy nominations
Following months of speculation on the relative health of the company’s internet-based streaming services, Netflix has utterly dominated traditional broadcast television networks.
At last week’s Emmy television awards the network’s breakthrough hit show House of Cards, cleaned up with a record nine nominations. Categories included everything from Kevin Spacey’s nomination for Best Actor in a Drama series to a Best Actress nomination for series co-star Robin Wright.
It didn’t stop there. The company also took home prizes for its other original shows including Hemlock Grove and Arrested Development. All told, the streaming company took home fourteen nominations for its original programming.
Then this week, the company’s earnings announcements that it had hit 30 million subscribers and earnings of $1.37 billion.
Netflix didn’t see the huge bump it had expected to see in subscribers because of its slate of original shows. With traditional media outlets struggling to find hits, to say nothing of keeping users tuned in day in and day out, it’s clear:
Netflix may be on to something.