Netflix Is Finally Adding a Streaming Roulette Feature As It Clinches 200 Million Subscribers

Netflix has officially amassed 200 million subscribers, sending shares soaring 12%. As it continues to compete with rival services, Netflix says it’s preparing to roll out a new feature that will allow the service to pick a title based on a user’s preferences rather than requiring them to browse for something to watch. Gizmodo reports:

Netflix said in its fourth-quarter shareholders letter released Tuesday that it managed to secure 8.5 million more paid subscriptions to help the streaming giant cross the 200 million mark. All told, the company added a total of 37 million paid subscriptions during 2020, no doubt helped by the surge in TV viewing and streaming that resulted from lockdown orders and quarantine measures amid the coronavirus pandemic. For some context, Netflix says memberships were up 23 percent from the previous year in the fourth quarter.

Even with the pandemic significantly delaying production timelines and release dates, Netflix says it’s still on track to release at least one original film every week of 2021. Plus, the company said it has a staggering 500-plus titles either in post-production or ready to hit its service. Most surprising, though, was Netflix’s claim that it is “every close” to being cash-flow positive and no longer needs to raise external financing. Additionally, the company plans “on repaying the bond at maturity out of cash on hand, as we are currently well above our minimum cash needs.”

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