On demand video platform Netflix added 6.7 million subscribers in Q1 2016 taking the total count to 81.5 million subscribers worldwide. The company reported a net income of $27.66 million for the quarter ended December 31, 2015, up 16.84% from $23.7 million in the same quarter last year. In the preceding quarter, the company had a net income of $43.18 million. The lower profit was attributed to investments made for the 130 country launch last quarter. Reed Hastings (CEO of Netflix), David Wells (CFO) and Ted Sarandos (head of content acquisition) in a post-results interview spoke in some length about the company’s strategies. Here are some of the takeaways. Netflix will not get into linear programming and live streaming Hastings said that the company has no interest in getting in linear programming or live streaming of events such as sports. "We're focused on having content around the world which is why we're investing in original movies and series. And that's very different from carrying single nation's networks. So that's just a very different business and not one we focus on a lot. We know what we want to be, which is a great global producer and distributor of content. Other people will do other things and that's fine," he added. Subscribers using VPNs are "inconsequential" In the last quarter, Netflix announced that it was working on employing measures to stop members from using proxies or ‘unblockers’ from accessing content from other countries. Hastings said that the impact from these changes did not affect the…
