“Canada continues to be a very strong market for us. Two years have passed since launch, and our subscriber growth is steady to slightly accelerating,” the U.S. video streaming giant said as it released its latest financial results.
“We achieved a small contribution profit in Canada in Q2 and expect to remain profitable in this market going forward,” the U.S. video streaming giant said Tuesday as it released its latest financial results.
Content VP Jason Ropell says Canadian content on the service depends on audience demand.
“Let’s take advantage of these great new digital media to promote and export our Canadian content to the world,” CRTC commissioner Peter Menzies (pictured) told delegates on Monday.
Despite local spending like Netflix Canada licensing Dragon’s Den, Mr. D and Arctic Air from the CBC, the U.S. video streaming giant said Canada is “sustainably profitable.”
The regulator in an April 16 letter concludes so-called over-the-top digital platforms can continue to operate in Canada without subsidizing local content production.
The video web site will be available to Blu-ray, BRAVIA TV screens and network media players.
The U.S. video streaming giant, while rebounding in the fourth quarter south of the border, continues to power ahead in Canada.
The two-year agreement will bring CBS programming such as Californication and Twin Peaks to the Canadian arm of the streaming service.
Netflix topper Ted Sarandos tells critics at the Banff World Media Festival that Canadian producers welcome getting into business with the US video streaming giant for its generous licensing deals.
The Netflix Canada debate continued to dominate the Banff World Media Festival, with industry players warning against so-called over-the-top digital platforms.
As the Banff World Media Festival sets to kick off, the OTT service, and whether or not it should be regulated, is set to be top of mind next week.