Stock Of The Day: Netflix Continues To Innovate

In a very competitive environment, they continue to raise the bar in the film and online TV space. Faced with rising content cost the company began to experiment with creating it own content and it is paying off handsomely. Shows like House of Cards and Orange is the New Black have been come cult classics.

They just announced that they will make Crouching Tiger, Hidden Dragon 2, available on their platform on the same day as its released in the movie theaters. This is the first time this has been turn.

Also they just announced they partner with Adam Sandler to create 4 feature films.

Netflix continues to break new ground.

Its stock price is following suit- with it closing out yesterday at $438.80. Year to Date the stock has produced a 19% + return.
That’s very impressive, since the broader stock market is only up 5.21%

It will be pretty exciting to see what other scripts the company has up in the clouds.

 

Disclosure: None.

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