Netflix signed up a record 7.05 million customers in the fourth quarter of 2016 to cap the biggest year in company history, according to a statement on Wednesday. The world’s largest paid video service added 19 million customers worldwide in 2016 after expanding to more than 190 countries, reaching everywhere but China, North Korea, Syria and Crimea. The more people use Netflix, the more money the company spends on shows, leading to favorable reviews and more users, he said. Netflix programs accounted for five of the 10 most-searched TV shows of 2016, based on Google trend data, the company said. The TV industry produced an all-time high 450-plus scripted shows in 2016, according to data from cable network FX.

Source: Mint January 19, 2017 07:50 UTC