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Netflix: We’re Not Trying To Kill Cable

Netflix on Monday released impressive earnings from the first quarter of 2011 and now boasts the highest number of subscribers of any video service in the United States.In what the AP calls the company’s “biggest growth spurt yet,” Netflix g…

Netflix on Monday released impressive earnings from the first quarter of 2011 and now boasts the highest number of subscribers of any video service in the United States.

In what the AP calls the company’s “biggest growth spurt yet,” Netflix gained 3.6 million subscribers in the first quarter, bringing its total number of users up to 22.8 million in the U.S. and 23.6 million globally.

This puts Netflix in the ring with Comcast, the largest cable operator in the U.S. According to the New York Times, “Comcast reported 22.8 million subscribers at the end of last year.”

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