Unlimited streaming made Netflix the Blockbuster-buster, but the company’s value has dropped 75% in the past year after its price hike/Qwikster fiasco. Can original content and overseas expansion reverse the slide?
The Basics
Netflix began as a mail-order alternative to renting videos from Blockbuster: perfect for folks looking for a larger catalog and a lack of late fees. Over time, it one-upped the giant video chain, adding instant, on-demand viewing and helping drive Blockbuster into bankruptcy.
in 2010, Netflix’s streaming content surpassed the DVDs it delivered, and streaming is now its flagship service. Nearly every home entertainment device offers a Netflix application, and the company’s streaming products account for 20% of peak downstream traffic in the United States.
But Netflix has had a shaky year. Twelve months of user churn since its widely criticized price-hike fiasco have rattled investors, and mixed earnings results
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