Netflix added 19 million subscribers in 2016, a new record for the digital distributor. Although, the company has quadrupled its long-term debt since 2014.
Amazon’s Prime service is now available in over 200 nations. Earlier in 2016 Netflix became available in every country sans China, Crimea, N. Korea & Syria.
Amazon takes aim at Netflix, the market leader in streaming video. Amazon is following Netflix’s lead by expanding their Prime service globally in 2017.
Netflix reported subscriber data at the close of business on Monday that significantly outperformed expectations. The stock soared – closing up 19.62%.