Netflix Builds an Empire: Best in Class

LOS GATOS, Calif. (TheStreet) -- Netflix NFLX forced the closure of rival Movie Gallery, caused Blockbuster to implode and prompted retailers to streamline their approach to video sales en route to big-budget growth. Those were just the first items in the queue. Netflix is getting five-star reviews from investors and catching the eye of larger competitors such as Time Warner Cable TWC and Comcast CMCSA based on how it handled last year's tough economic climate: Sitting it down and showing it movies from the comfort of its Blu-ray players, game consoles and smartphones. While disc-based competitors struggled, with Movie Gallery declaring bankruptcy and liquidating its assets and Blockbuster closing nearly 1,000 stores and having its stock delisted from the NYSE as it struggled with debt, Netflix expanded its instant-streaming offerings and boosted the number of subscribers. To read the rest, head over to TheStreet.com
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsMarketsBroadcasting & Cable TVConsumer DiscretionaryInternet Retail
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!