Netflix Just Made an Important Acquisition on Its Path to Becoming Disney
There's little question that Netflix (NASDAQ: NFLX) has become the preeminent provider of the streaming services it pioneered. The company had roughly 214 million subscribers to close out the third quarter, adding millions more with each successive quarter.
However, Netflix has never been content to rest on its laurels and has its sights set on much greener pastures. Several recent developments suggest that Netflix is using entertainment powerhouse Walt Disney (NYSE: DIS) as an example of what it can become and is expanding in ways that could eventually make it a direct competitor to the House of Mouse.
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Source Fool.com
