In a letter to shareholders today, Netflix highlighted what it describes as a “sobering” trend happening in the Netherlands. The letter, posted on Netflix’s website along with an earnings report that sent the stock price up as much as 16 percent, included a link to this chart, which shows Google search traffic in the European country.
What is Popcorn Time, and why does Netflix think it’s important enough to tell investors about? Popcorn Time is one of the most popular services for watching pirated movies and television shows right now. It’s often called “the Netflix for pirates” because of how easy it is to find and stream illegal content. The software is available for every major computer and smartphone operating system, including the iPhone—for users willing to violate Apple’s terms of service and “jailbreak” their device.
Popcorn Time has found an unusually fervent fan base in the Netherlands. It’s the second-largest market for the app with 1.3 million downloads, according to the blog TorrentFreak, citing developer Time 4 Popcorn. That would be about 8 percent of the country’s population. Bonkers. Netflix and HBO, which both offer online services in the Netherlands, don’t break out subscriber numbers there.
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