‘Sweet Home’ poster / photo provided by Netflix
Global Online Video Service (OTT) Netflix announced on the 19th (local time) that the number of global subscribers exceeded 200 million as of the fourth quarter of last year.
On this day, Netflix announced that the number of subscribers increased by about 8.5 million from the previous quarter, exceeding 200 million, in a cumulative increase in the fourth quarter of last year. In particular, the net increase in Asia-Pacific (APAC) (9.3 million people) was the second largest after the net increase in Europe, Middle East and Africa (EMEA) (14.9 million people).
In this performance announcement, the achievements of’Sweet Home’ produced by Netflix with Korean creators attracted attention. ‘Sweet Home’, which was unveiled on December 18, last year, is attracting attention with an interesting subject that turns into a monster that expresses the desire that an ordinary person cherished in his heart, and the intense images of monsters.
According to Netflix, in the first four weeks after the release of the work, 22 million accounts around the world watched’Sweet Home’. ‘Sweet Home’ is’Aris in Borderlands’ (18 million). It was side by side with local original works released at the same time, such as’Selena’ (25 million) and’Today Again Christmas’ (26 million).
Director Lee Eung-bok, who directed’Sweet Home’, said, “We are very happy to hear that a unique story has been loved by tens of thousands of households across the world.” “K-Monsters Thank you for the efforts of Studio Dragon and all the production crew and actors for your efforts.”
Netflix has invested about 770 billion won in Korean content from 2015 to the present. Last year, it established’Netflix Entertainment Ltd’, a new corporation that fully supports Korean content related business.
Earlier this year, it signed a multi-year lease agreement with content studios located in Paju-si and Yeoncheon-gun, Gyeonggi-do to lay the foundation for long-term production of Korean original content. Through this, we plan to do our best to help the overall growth of the Korean content industry.
According to Netflix, the net increase in paid-subscription households over the past year reached a record 37 million units. Sales increased by 24% year-on-year to 25 billion dollars (about 275 trillion won), and operating profit jumped 76% to 4.6 billion dollars (about 5,715 billion won).
Based on cash of 8.2 billion dollars (about 9.4 trillion won) and undrawn credit facility of 750 million dollars (about 8268 billion won), it is possible to operate the company without external financing. The company added that it is expected to break through the point (BEP).
Reporter Jo Ara Hankyung.com [email protected]
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