One reason for Netflix strong customer growth in Aus and NZ - ISP Promotions and unmetered data for Netflix Streaming. Back in NZ for a few weeks and the first Auckland city bus seen had advertising for Vodafone Netflix partnership and 6 months free subscription.
Langsfords failure to reach any ISP deals yet NFLX secured them in both Aus & NZ across multiple ISPs before they even launched in both countries shows just how badly investors have misplaced their trust in Langsford to prepare for Netflix arrival into the market. Again the irony of it all after his whinge letter to NFLX to come through the front door is just hilarious.
NFLX have arrived and early subscriber numbers looks as if they are set to crush all other opposition as well, especially the Perth minnow still struggling to raise enough cash just to pay their monthly liabilities.
500,000 paying subscribers within first three months, I wouldn't be surprised if the real number is over twice that for Aus and NZ.
Kat.
QFX Price at posting:
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