Netflix has no plans for sports, price increases

Netflix has released its financial results for Q4 2016, which show that the company grew its subscriber base by 19 million in 2016. This is compared to 17.4 million in 2015, said Netflix.

Netflix CEO Reed Hastings took questions from analysts as part of the company’s Q4 2016 earnings review call, streamed on YouTube, and was asked about their plans going forward.

Hastings was asked if Netflix was aiming to be on par with US cable companies in terms of subscribers as part of its growth path.

To catch up to cable TV, you “need a lot of sports” – which Netflix does not have and does not have any plans for, said Hastings.

Price increases

Hastings also responded to questions about possible price increases in the near future.

“We don’t have any plans for any near-term changes,” said Hastings.

He said they plan to continue to expand the membership base at the current “terrific rates”.

Now read: What you can look forward to from Netflix in 2017

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Netflix has no plans for sports, price increases