Coming off a better quarter than anticipated, Netflix founder Reed Hastings today was showing some swagger and a lot of thanks to the first part of the latest season of Stranger Things.“Streaming is working everywhere, everyone’s pouring in,” the co-CEO said Tuesday following the company’s second quarter results. “It’s definitely the end of linear TV over the next five to 10 years, so very bullish on streaming,” Hastings added in his latest prediction on the death of the broadcasters.
A prediction that Hastings in 2014 said would occur by 2030. A prediction that Netflix looked to assert with data included in their letter to shareholders after the market closed todayA big part of the Q2 results for Netflix over the last three months, after a painful Q1 with the company’s first ever subscriber losses, had to come out of the 1.3 billion hours viewed of the first part of Stranger Things’ fourth season.
To that, praising the performance of the last season of Ozark and “lots of titles, lots of viewing,” the co-CEO admitted today that “if there was a single thing we might say Stranger Things.” The penultimate season of the Duffer Brothers’ created sci-fi nostalgia series rolled out with an initial run of seven episodes on May 27.
That Emmy nominated first batch of ST S4 episodes was the most successful English series debut ever for Netflix. Part 1 of Season 4 was followed by two more episodes dropped on July 1, a rare one-two punch for the streamer.
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