The runaway success of Netflix has proved to many media companies that the future of entertainment lies with streaming content. After all, why pay around $75 a month for cable when you can instantly access thousands of titles on Netflix for a fraction of the cost? This thinking has led to the creation of dozens of streaming services, ranging from big players like Hulu and YouTube TV to more specialized operations like the apps for Food Network or the WWE. Continue reading
For many Americans the holiday season is the perfect time to relax and watch some TV as another long year draws to a close. Of course, one of the most popular genres among viewers in December are Christmas movies, such as Netflix’s recent hit A Christmas Prince. Along with its seasonal appeal, the movie also seems to have a “so bad it’s good” quality that many have found irresistible. In fact, social media users have been buzzing about it Continue reading
Last week we looked at how Netflix has loaded on debt while developing a new slate of original content. Although the streaming giant is taking a big risk with this strategy, many entertainment industry insiders still think Netflix is in a much stronger position than traditional movie theaters. With attendance down 3 percent from 2016, AMC Entertainment recently downgraded its outlook for the rest of the film industry’s year. The announcement sent theater stocks tumbling and caused the top four Continue reading
Since launching 20 years ago, Netflix has transformed from a DVD-by-mail service into the undisputed king of streaming video. The company now has more than 104 million subscribers across the world, a 25 percent increase since last year and quadruple the number of customers from 2012. On any given evening in North America, Netflix streaming accounts for more than a third of all download Internet traffic. The company’s lineup of original shows and movies are also a hit with critics Continue reading
Coming up with innovative products and services is no simple task for companies to accomplish. After all, most new item that businesses roll out takes years of research and development, a costly investment that’s not guaranteed to succeed. In order to avoid R&D burnout, many companies have held competitions in the hopes of finding a great idea from outside the organization. And according to a new MIT study, this might just be the most efficient way for companies to innovate. Continue reading
When it comes to pulling off a corporate comeback, there’s nobody quite like Netflix CEO Reed Hastings. He’s had to fend off detractors at every juncture, beginning with those who denied his company’s ability to compete with the traditional video store. After almost singlehandedly ending that era of home video distribution, Hastings nearly lost it after he split Netflix’s streaming and DVD delivery services in two. The schism cost the company millions of subscribers and sent stock tumbling from $298 Continue reading