Initial Revenue Figures For Netflix Looks Good
Posting ads for 7 years
Their competitor - Blockbusters however on the other end had to file a bankruptcy and shut down its business. They have closed more than 500 of their branches last year which has given Netflix physical DVD shipment quite a boost! According to a report,
Netflix (Nasdaq: NFLX - News) thrived during the recession, growing subscribers and net profits by 31% and 40% respectively in 2009. With reduced competition from Blockbuster (NYSE: BBI - News), which closed 567 net U.S. stores last year, Netflix's physical DVD business should continue to expand. Online streaming is becoming mainstream; 48% of Netflix's 12.3 million subscribers streamed at least 15 minutes of video last quarter.
Lets see how far they can get in this digital world where downloading pirated movies and TV shows are considered better than renting or purchasing it. If they are looking for more growth of their company, they should consider to start their streaming services for other countries too besides USA. This could prove to be a fortune for them because the future world media is already sold to streaming services.