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Netflix’s Growth Helps Streaming Eclipse Cable Subscriptions

  • Online-video customers grow 27% globally, the MPAA finds
  • Despite streaming’s advance, movie theaters prospered in 2018
Netflix
Photographer: Chris Ratcliffe/Bloomberg

The headlong rush of entertainment consumers toward streaming-video services like Netflix Inc. has left traditional cable subscriptions in the dust.

The number of subscriptions to online-video services jumped 27 percent to 613 million last year, according to the Motion Picture Association of America’s annual report. That put the global number of streaming customers above those of cable companies for the first time.