TV streaming site Netflix has hit a $ $39m market cap as it continues to attract huge numbers of subscribers, adding more than 8 million in total, according to company figures. Stranger Things 2 enjoyed success in 2017 with shows such as Netflix and The Crown, and said it will spend $39m on content during 2018 . The company revealed a $39m non-cash charge in Q4 for abandoned projects, and also unveiled former Canal+ CEO Rodolphe Belmer as the latest addition to its board.
TV streaming site Netflix has hit a $100bn market cap as it continues to attract huge numbers of subscribers, adding eight million in total, according to company figures. Netflix enjoyed success in 2017 with shows such as Stranger Things 2 and The Crown, and said it will spend between $7.5bn and $8bn on content during 2018. The company revealed a $39m non-cash charge in Q4 for abandoned projects, and also unveiled former Canal+ CEO Rodolphe Belmer as the latest addition to its board.