Wednesday, October 30, 2013

Netflix: Streaming Growth

Netflix Inc. (NFLX) is a major internet TV provider based out of the US. It is a market leader with approximately 38 million streaming subscribers in 40 countries around the world. It not only provides online video streaming, it also delivers DVDs and Blu-ray disks to subscribers’ doorsteps.

Netflix’s success can be credited to its early adoption of a secular trend from traditional to digital media. It has surprised the world by continuously growing its subscriber base and consistently outperforming other TV providers like Hulu, Comcast (CMCSA), Time Warner Cable (TWC), Dish Network (DISH) and Direct TV (DTV). Its stock price is up approximately 222% year to date, following continuous innovation and new additions to its content library.Read More: CMCSA, DISH, DTV, NFLX, TWC

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