Netflix Plans to Release More Original Content This Year Than Ever Before

Despite price increases, Netflix added more than seven million new subscribers worldwide, nearly two million more than analysts expected.

Netflix credits world-class original content like Black Mirror and The Crown. Even 3%,  Brazilian series which requires English subtitles, was a hit in the US.

Netflix plans to release 1,000 hours of original content in 2017, up from 600 hours last year.

Revenue also beat expectations. Netflix earned $2.48 billion. Shares rose sharply on the news.

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