Netflix hits 125 million subscribers worldwide

From CNET

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Netflix CEO Reed Hastings discusses the company’s financials in an investor letter every quarter.


Image by Claire Reilly/CNET

Netflix’s march to worldwide domination is tramping along. 

The streaming video service hit 125 million members in its first quarter, the company said in a better-than-expected earnings release Monday.

The blowout quarter comes at a time of heightened annoyance at Netflix among some in the traditional filmmaking industry. Last month, Steven Spielberg said movies that have mere “token” theatrical runs — as those from Netflix do — shouldn’t be in the running for Oscars. Also last month, the board of the prestigious Cannes film festival banned Netflix films from award competition, prompting the company to pull out of screening anything at the…

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