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CNBC

Netflix scores its first box-office win

CNBC · Just In
CNBC
CNBC
Just In

Netflix appears to have its first No. 1 box-office title in the streaming company’s 18-year history thanks to the sensation of “KPop Demon Hunters." The movie led all films over the weekend with $16-18 million in ticket sales.

Breakdown
  • Netflix's animated film 'K-Pop Demon Hunters' earned $16-20 million at the U.S. box office. 7s
  • The film's success is credited to strong animation, soundtrack, and a strategic summer release. 18s
  • Netflix's approach involves low-budget experimentation and leveraging theatrical releases for brand exposure. 28s
  • The company aims to attract and retain subscribers by expanding into new audience segments. 1m 26s
  • This box-office win highlights Netflix's continued innovation and effective management. 1m 25s
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