Netflix and CBS Entered into a Partnership Agreement
28 Jan 2016 • by Natalie Aster
LONDON – Netflix Inc. and CBS Corp signed a partnership agreement in September, 2015. Accordig to this agreement Netflix became the exclusive subscription streaming home of drama television series “Zoo” and satirical romantic comedy-drama television series “Jane The Virgin” in over fifty countries.
Netflix, Inc. is recognised as the world top Internet television network with more than 65 million members in over 50 countries enjoying about 100 million hours of movies and TV shows every day (including documentaries, feature films and original series). Netflix obtains content from different studios as well as other content providers through fixed-fee licenses, direct purchases and revenue sharing agreements. Netflix was founded by Marc Randolph and Wilmot Reed Hastings Jr. in 1997 and is headquartered in Los Gatos, CA.
As of FY 2014, Netflix, Inc. saw its revenues jump by 25.83% to USD 5,504.7 million. The company’s operating income registered significant growth (by over 98%) in the same FY and reached USD 402.6 million against USD 203.2 million in FY 2013. The company’s net income increased from USD 112.4 million in FY 2013 to USD 266.8 million in FY 2014. Gross profit margin stayed steady at the healthy 39.33%.
More information on the company’s performance, the recent business activities, services, strong and weak sides, and key competitors can be found in the company report “Netflix, Inc. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis” worked out by BAC Reports and recently published at MarketPublishers.com.
Netflix, Inc. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis
Date: November, 2015
More company reports (containing SWOT analysis, financial information, industry and competitors analyses, etc.) can be found in the Company Reports Catalogue.