Contact Us

Netflix Streamed a Record-Setting 1 Billion Hours of Content in June

netflix
Gareth Cattermole, Getty Images

Netflix has certainly had its share of PR blunders recently, but things seem to be back on track. On Tuesday, CEO Reed Hastings posted on Facebook that Netflix streamed out a billion hours of video content in June — setting a new monthly record for the company.

“Congrats to [Chief Content Officer] Ted Sarandos, and his amazing content licensing team,” Hastings wrote. “When ‘House of Cards‘ and ‘Arrested Development‘ debut, we’ll blow these records away. Keep going, Ted, we need even more!”

Hastings is, of course, talking about the original programming Netflix has locked up. Back in May, Sarandos predicted the Kevin Spacey vehicle ‘House of Cards’ and new seasons of cult-favorite ‘Arrested Development’ would reinvigorate the company and grow its profitable streaming arm.

In addition, he said such homegrown content would make Netflix less dependent on expensive licensing deals with the major studios and cable companies, adding, “I was becoming increasingly concerned that the people who were selling to us wouldn’t want to sell to us for long … People keep saying, ‘Oh, you’re going to become like HBO?’ [and] I say, ‘No, no, no. HBO is going to become like Netflix.’”

The June numbers are certainly a bit of welcome good news for a company that last year infuriated customers with a controversial pay hike to its most popular subscription service and then had a pretty embarrassing stumble when it tried to spin off its DVD-by-mail service into a the short-lived Qwikster.

After Hastings’ announcement on Tuesday, Netflix’s stock saw a bump of about 6 percent, closing at $72.04. An improvement, yes, but still a far cry from the $300 its shares once had in the halcyon days before things fell apart.

Best of the Web

More From Around the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://screencrush.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on ScreenCrush quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here

Please solve this simple math problem to prove that you are a real person.

Register on ScreenCrush quickly by logging in with your Facebook account. It's just as secure, and no password to remember!