Netflix Threw the First Punch -- Studios Responded -- What Will Netflix Do Next?
When Netflix (NASDAQ: NFLX) pioneered the streaming industry more than a decade ago, few could have imagined its impact. Millions of households have canceled their traditional cable and satellite TV subscriptions in favor of streaming services. Over a decade, the shift has cost legacy media companies billions in lost revenue and profits.
The disrupted media companies finally said enough was enough and started launching their own streaming services. As a result, Netflix's subscriber growth has slowed and reversed into negative territory. What's more, Netflix's stock is down a whopping 71% off its high. So now it's Netflix's turn. What will the company do next?
Source Fool.com