Netflix users viewed over one billion hours of video in June

For the past year or so, Netflix has taken a beating, thanks in part to dumb ideas such as splitting up their DVD and streaming video prices. Those moves caused a number of customers to leave Netflix and as a result, the company's financial results, and its stock price, were lower than previously predicted.

Now there's evidence that Netflix might be recovering from its 2011 issues. In a Facebook post this week, Netflix CEO Reed Hastings stated,"Congrats to Ted Sarandos, and his amazing content licensing team. Netflix monthly viewing exceeded one billion hours for the first time ever in June."

Reaching a new record of viewing hours might mean that Netflix has successfully added a large number of new subscribers since the events of summer 2011. Of course, Netflix has also expanded its reach with launches in Latin America, the UK, and Ireland. We will likely hear more information about subscriber numbers later this month when Netflix reveals its second quarter 2012 financial results.

Hastings' Facebook post also mentions Netflix's accelerated future plans to offer original content for its subscribers. That includes the planned revival of the cult TV sitcom Arrested Development, along with the political drama House of Cards, starring Kevin Spacey.

Source: Facebook

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I contributed... All 5 seasons of Psych and some episodes more than once.

What happened to everyone jumping ship from Netflix and leaving in droves?

Most of those "hours" must be from the US and abroad because i used to have a netflix canada account and stopped using it after a month simply due to the lack of good content.

I bailed from Netflix for 2 reasons.

One, the idiotic split they did.

And two, the fact that I waited AN ENTIRE MONTH to receive the DVD for the 3rd saga of a show that I watched the first 2 sagas on their streaming service. I never actually received it before canceling.

When the split finally came, that's when my subscription ended.

Eventually the 3rd saga came to streaming as well.. but the 4th and 5th were still DVD only. No doubt they've been gradually moved to streaming, but the fact that they don't have everything available for streaming was the real deal breaker for me.