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Netflix is quickly evolving, with bold strategy into original programming. They are taking on big media networks, competing with them for most valuable resources - Talent. Chris Rock reportedly doubled his payday to $40 million, from what he was making at HBO. Netflix is planning to spend $6 billion this year on original programming, aggressively borrowing to fund that strategy. Many of their original series has won awards, and media networks are really concerned about new Netflix competion. Netflix stock has been doing very well, with investors bullish on long term Netflix prospects. Is Netflix going to do to HBO, Showtime, and other Networks what Amazon did to Borders? Netflix already has precedent ofd driving established giants like Blockbuster out of business.
Some relvant resources in Netflix vs Media companies.
HBO has traditionally differentiated itself with original content that was far superior to anything else on TV. Netflix, was originally a place to conviniently stream movies for leas than Ten buck monthly, as long as you were okay with content that is a year old or older. now Netflix is directly attacking HBO and other original content providers. They are giving HBO, Showtime, and others a run for their money. They are paying premium to actors to get premium content and are winning.
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now Netflix is directly attacking HBO and other original content providers. They are giving HBO, Showtime, and others a run for their money. They are paying premium to actors to get premium content and are winning.
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