Netflix recently released their first quarter financial results, where the company reported revenues of $700 million with profits of $60 million, SlyVisions reports. The company also announced that they’ve added a whopping 3.3 million US subscribers during the first quarter. That brings the total subscriber count to over 21 million for Nertfllix, which is quickly growing into a powerful company in the media world. At leas,t powerful enough to challenge the Hollywood studios it’s been fighting for years.
Netflix recently revealed that they were now investing in the content business as well, with a new $100 million deal to create a new show called House of Cars, with Kevin Spacey. They’ve also announced a new deal with Miramax to bring the entire catalog of Miramax films to Netflix’ streaming service.