Home Daily Blitz Why Media Titans Would Be Wise Not to Overlook Netflix

Why Media Titans Would Be Wise Not to Overlook Netflix


nytimes articleThe following is an excerpt from Farhad Manjoo | January 13, 2016 | Nytimes.com |

Imagine you run a global media conglomerate. Say you’re Robert A. Iger, the chief executive of Disney, or Brian L. Roberts, of Comcast, or perhaps you’re slightly lower down on the ladder of behemoths — the boss of Twenty-First Century Fox or Time Warner, perhaps. In any case, you own a lot of valuable stuff: movie studios, broadcast and cable TV networks, perhaps a broadband infrastructure, maybe some theme parks with roller coasters and a few impressive castles.

So here’s a question for you, my media-mogul friend. How worried are you about Netflix? And more to the point: Are you worried enough?

It’s possible you’re not. Yes, Netflix has grown substantially over the last few years, now claiming more than 70 million subscribers who pay about $8 to $10 a month for access to a large library of movies and TV shows. Last year the streaming service’s stock was the best performing of the Standard & Poor’s 500-stock index, rising 140 percent.

For more visit: Nytimes.com