$57.85
-1.37 (-2.31%)
Netflix, Inc. (NFLX)
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The Company is a online movie rental subscriber which provides more than 6,300,000 subscribers access to a comprehensive library of more than 70,000 movie, television and other filmed entertainment titles on DVD.
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NFLX has an excellent business model, they are the industry leader, and I believe they have a bright future ahead of them. Good management is vital to a company’s success, and NFLX has shown that their management team is very aggressive and forward thinking. I like the addition of Red Envelope and their exploration into other areas. I don’t think VOD (or IPTV, etc.) will become mainstream for a while, but NFLX is planning for that eventuality and will roll out their own service – instantly becoming the industry leader in VOD/IPTV/etc. with an already 5+ million subscriber base. I also think they will find creative and profitable ways to use the consumer data they are collecting.
Yes, my only concern is that with Amazon and NBC going together which they are now, NBC is going to be displaying more content to Amazon, which is leading to people just watching TV and movies online. But I guess Netflix has that covered, with their online abilities.