- Startups - News Panel with William Quigley and Vivek Wadhwa - TWiST #272

TL;DR

Netflix subscribers watched over 1 billion hours of video in June, making it the most-watched cable network if it were on TV. Amazon is developing its own smartphone to compete with Apple's iPhone and Android devices.

Transcript

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Key Insights

• 😮 Netflix's streaming hours continue to rise, indicating the popularity and success of its streaming service.
• 📱 Amazon's development of a smartphone shows its ambition to compete directly with established smartphone brands.
• 🥺 The streaming business model has been lucrative for Netflix, leading to an increase in subscribers and viewing hours.

Questions & Answers

Q: How many hours of video did Netflix subscribers watch in June?

Netflix subscribers watched a total of 1 billion hours of video in June, averaging over an hour of video per subscriber per day.

Q: Is Amazon developing a smartphone?

Yes, Amazon is developing its own smartphone to compete directly with Apple's iPhone and Android devices.

Q: What has been the impact of the streaming business model on Netflix?

The streaming business model has been successful for Netflix, leading to an increase in subscribers worldwide.

Q: What is the significance of Netflix's increase in streaming hours?

The increase in streaming hours indicates that Netflix is continuing to grow its user base and engage its subscribers with its streaming content.

Summary & Key Takeaways

• Netflix subscribers watched a total of 1 billion hours of video in June, averaging over an hour of video per subscriber per day.

• Amazon is developing a smartphone to compete directly with Apple's iPhone and Android devices.

• The streaming business model has been successful for Netflix, leading to an increase in subscribers worldwide.