Netflix streams 2b hours of TV, now 15th-largest 'network'
01/04, 3:45pm
Netflix streamed 2b hours of TV in fourth quarter
Netflix just revealed that its subscribers watched over two billion hours of TV shows and movies in the fourth quarter of 2011, leading one analyst to name it as the 15th largest TV 'network.' Richard Greenfield from BTIG believes Netflix is replacing TV viewing time in households and is the second-most watched in homes with cable and the subscription service. He had previously expected it to be 25th rather than 15th in the quarter.