SAN FRANCISCO
The company said more than 20 million customers around the world see more than 2 billion hours of old TV shows and movies on the device with high speed Internet connection during the last three months of last year. The figures released Wednesday contributed 11 percent increase in Netflix Inc.
Stocks still remain well below its all-time high of almost $ 305 reached in mid-July. The steep decline followed the customer reaction triggered by Netflix
With a market value of about $ 12 billion from its peak, about Netflix could also be a takeover target. Takeover speculation also may help fuel Wednesday
Amazon.com Inc., which has been trying to build their own Internet video service, is also widely regarded as a potential suitor Netflix. Netflix, which is based in Los Gatos, has consistently demonstrated intends to remain independent.