Already a leader in the push towards 4K/Ultra HD video, Netflix (NASDAQ: NFLX) confirmed Tuesday during its fourth-quarter earnings call that it will soon release high dynamic range video.
"Soon, we will be offering high dynamic range video (HDR), which captures and renders pictures with more realistic peak brightness in the highlights, and may be a more significant step forward in viewing pleasure than UHD-4K," reads a letter from Netflix to shareholders. "We will start building our library to deliver in HDR as new TVs become available from several manufacturers this year."
The announcement helped highlight a Q4 earnings call, during which Netflix also pledged to up its original content and international expansion. The company said it will complete its global expansion within the next three years.
For the quarter, Netflix added a record 13 million new subscribers worldwide, upping its global total to 57.4 million.
The company also met analysts' forecast with revenue of $1.3 billion and net income of $83 million.
- read this Netflix letter to shareholders
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