Netflix celebrates 200 million subscribers, moving closer to global streaming domination

Published: Jan. 22, 2021, 3:45 p.m.

Netflix officially has 200 million subscribers as it exponentially grows during the pandemic. The streamer, which holds more than $15 billion of debt, also says it no longer needs to borrow money. However, all streaming services share the fear of churn, where customers sign up for a service to watch one or two things and then unsubscribe.