Netflix (NFLX) Passes 1M Subs Milestone in U.K., Ireland; Bashes Facebook (FB), Twitter in Process

August 20, 2012 8:30 AM EDT
Netflix, Inc. (Nasdaq: NFLX) has hit the one million member milestone in the UK and Ireland within seven months, faster than in any other territory it has launched.

To put that in perspective, that's four times faster than it took Twitter to hit one million users globally and nearly twice as fast as it took Facebook (Nasdaq: FB) and Foursquare globally.

Consumers are spending more time enjoying entertainment online, according to a survey by YouGov for Netflix. Ten percent of the UK population now dedicates two hours or more of their day to watching their favourite TV show delivered through the Internet.

On Netflix, comedy and drama are the top genre choices among UK and Irish members, whose favourite time of the week to enjoy their streaming entertainment is on a Sunday night.


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