Netflix claims that it has 50.85 million subscribers as opposed to the 48.61 million subscribers from the country’s largest cable company (48.61 million). Netflix announcement was a part of its recent quarterly earnings report, and the cable numbers were inferred from the Leichtman Research Group. The Cable subscribers numbers include the subscriber base of the top six U.S cable companies, a group led by Comcast at 22.5 million followed by Charter Communications (17.1 million).
The Leichtman Research further dwells on the fact that the top cable companies are losing more than 100,000 total subscribers in the recent fiscal quarters while the Netflix is said to have added 1.4-Million subscribers in the same time frame. According to forecasts from Netflix, the numbers are set to grow further and will reach 51.5 million when the company is expected to report it’s earning the next month.
