Original Series Help Netflix Turn a Tidy Profit
Proliferation of homegrown content is moving the needle for streaming services
Following its first foray into original programming, Netflix put up first-quarter numbers that exceeded Wall Street’s expectations. Thanks in part to the success of its $100 million David Fincher potboiler, House of Cards, the company generated a profit of $31.8 million—up appreciably from an operating loss of $1.9 million in the year-ago period.
Just days after its Feb. 1 release, Netflix reported that House of Cards became the most-watched piece of content in the history of the streaming service.
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