How Streaming Made Netflix Inc. an $85 Billion Business
Netflix's (NASDAQ: NFLX) streaming service has come a long way in the 10 years since its launch. Back then, executives predicted that video discs would continue to dominate the entertainment market, but that their new streaming offering would eventually take over. "At some point in the future, internet delivery of content to the home will surpass DVD," management said in their 2008 annual report.
With 109 million streaming members at last count, it's fair to say that the inflection point came sooner than Netflix had expected. Here are a few ways that home streaming shift has impacted the business lately.
Netflix investors had many reasons to expect the company to slow its expansion pace in 2017. CEO Reed Hastings and his team rank high on that list, given that they projected slowing subscriber growth over the first half of the year.
Source: Fool.com
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