Netflix Grows Subscribers as Firm ‘Seeks to Replace TV’

USA Today: Netflix reported revenue of $1.57 billion in its first quarter. The good news: strong subscriber numbers. The online video streaming service said it added 4.9 million new ones in the quarter. “While Netflix has convinced the media industry that they simply want to become HBO faster than HBO can become Netflix, we believe Netflix’s ambitions are far larger,” said BTIG analyst Rich Greenfield. “Netflix is clearly focused on replacing linear television with on-demand, ad-free programming on a worldwide basis.”