How Netflix Could Turn $2 Into $1.7 Billion
Netflix (NASDAQ: NFLX) shares are up significantly this year, despite new competition and an uncertain economic environment. The pandemic is helping the company show off its valuable catalog to millions of new subscribers. Next year, the tiger king in the streaming business will likely ask consumers to pay more to Netflix and chill. Normally, a price increase might seem like bad news -- but Netflix's subscribers probably won't flinch, because the service's value is top notch. Investors who have been treated to a strong stock performance in 2020 should be excited for a potential 2021 sequel.
A group of 16-to-34-year old U.S. consumers was asked to identify the most indispensable TV networks and video sources.
Source: Statista. Chart by author.
Source Fool.com
