Netflix, Inc. (NASDAQ:NFLX) should really start worrying – or at least observing – this piece of software if it wants to continue dominating its field of entertainment content streaming.
We’re talking about Popcorn Time, the software that enables people to stream torrents of videos using a user interface that’s not unlike that of Netflix, Inc. (NASDAQ:NFLX)’s very own.
According to an in-depth report by Wired, a developer connected with Popcorn-Time.se, a site that distributes one of the most popular versions of Popcorn Time, has revealed that the software is being downloaded 100,000 times a day.
For reference, Netflix, Inc. (NASDAQ:NFLX)’s growth rate during the last quarter of 2014 was an average of 138,000 users a day. The service last reported 57.4 million users.
In the Wired report, Popcorn-Time.se is said to have amassed 4 million users in November. A setback happened when the Brussels-based domain registrar EURid revoked the group’s right to their original domain Time4Popcorn.eu. However, the developer who asked not to be named said that the domain seizure was only a minor setback and the software has regained its momentum.
Though Netflix, Inc. (NASDAQ:NFLX) surely still has more users than Popcorn Time, it’s astonishing nonetheless that the torrent streaming service has managed to grow at such a fast rate only via word of mouth. It’s also noteworthy that there may be other forks or versions of Popcorn Time out in the wild like the version distributed through Popcorntime.io.
The developer, Wired reports, also says that a victory for their group is coming as the group is about to switch architectures to a peer-to-peer-based system.
“Making all our data available via p2p will mean that Popcorn Time will no longer rely on domains and centralized servers but only on its user base. After everything we went through, this will be our sweetest revenge and our biggest victory,” the developer is quoted saying.
Carl Icahn’s Icahn Capital LP owned about 1.41 million Netflix, Inc. (NASDAQ:NFLX) shares by the end of 2014.
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