Quebec culture minister scolds Netflix over Lac-Megantic footage in 'Bird Box'

Quebec culture minister scolds Netflix over Lac-Megantic footage in 'Bird Box'

Despite the increased success in subscriptions and viewership, the company fell slightly in stocks and revenue. Top that off with an additional 1.5 million domestic subscribers that joined the service, and the company gained a total of 8.8 million subscribers in the quarter.

Footage of the incident also surfaced in the third season of the sci-fi series Travellers, another Netflix joint from Toronto-based production company Peacock Alley Entertainment, which also sourced the footage from Pond5, according to The Canadian Press.

And with premium subscriptions now sitting at $16 per month, it's not out of the realm of possibility that Netflix could eventually charge $20 per month for the ability to stream 4K content in the future.

Netflix said its programming was so popular it now accounts for about 10 percent of television screen time in the United States. The notion that 11 million subscribers will bolt with a small $1 increase just doesn't seem plausible.

Wall Street analysts mostly remain bullish on Netflix's worldwide growth.

After Nextflix's forecast of its quarterly revenue for the first quarter of 2019 dipped in comparison to Wall Street's estimates, shares of the company dropped by around 4% on Thursday, in after-hours trading.

Netflix original film "Bird Box" has been viewed by more than 80 million households since its release last month, and even inspired people to video themselves doing things blindfolded like characters in the thriller.

More news: Barca Announce Shock Signing Of African Star

Netflix reported earnings of 30 cents per share for the quarter, lower than a year earlier due to higher spending, but above Wall Street analysts' average estimate of 24 cents, according to Refinitiv.

During the fourth quarter, Netflix added 8.8 million paid memberships, 1.5 million in the U.S. and 7.3 million internationally. He said his company has contacted customers who purchased any related clips of Lac-Megantic.

It was the fourth time the online videos streaming platform raised prices for subscription plans.

"Given strong net adds growth trends in 4Q and 1Q guidance for continuing subscriber growth with higher pricing, NFLX should alleviate most investor concerns around its growth trajectory..." The company said sales will be $4.49 billion, compared with analysts' projections of $4.6 billion.

One of those analysts told Business Insider he would reconsider his rating and price target if Netflix were to aggressively reverse its cash burn.

Since the use of the footage was revealed, Lac-Megantic Mayor Julie Morin has asked Netflix to look at its catalog to ensure footage doesn't appear in any more of the streaming giant's productions.

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