Why Netflix Could Expand Into Movie Theaters (One Day)
Netflix (NASDAQ: NFLX) has been a disruptive force throughout its history.
First, the company upended the video-store model with its DVD-by-mail service. Then, it reinvented home entertainment once again by pioneering video streaming, and now it's remaking Hollywood in its image by spending billions on movies and television shows each year.
It's hard to understate the speed and success that the company has had in its insurgence on the entertainment business. Five years ago, it had not even released an original production. This year, it won more Emmy awards than any other network after Time Warner's HBO. Those efforts have clearly paid off on the business side as the stock is at all-time high, up about 60% this year, and the service has added 22.5 million subscribers over the last year. It's growing faster than ever.
Source: Fool.com
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