Netflix adds 8.8 million subscribers despite growing competition
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Netflix grew by 8.8 million net subscribers in the fourth quarter of 2019, the company says it has 167 million paid memberships worldwide, with more than 100 million outside the US. The company is growing gradually with revenue of $5.47 billion despite the launch of two major streaming services, Disney+ and Apple TV+, with more competition coming this year from WarnerMedia’s HBOMax and NBCUniversal’s Peacock.