Peter Kafka for AllThingsD:
Good news for Netflix! The company streamed more than 4 billion hours of video in the first three months of the year, according to a Facebook post from CEO Reed Hastings.
BTIG analyst Rich Greenfield crunches those numbers (registration required), and concludes that this makes Netflix the equivalent of the most-watched cable TV network: He figures there are 28 million U.S. Netflix subscribers watching an average of 87 minutes of Netflix per day, or 43 hours per month. That puts it on par with the Disney Channel.
The future continues to reveal itself.