Re:Netflix Lands the Coen Brothers’ Western TV Series
by ethbro on Wednesday August 09, 2017 @04:12PM
(#14973131)
I think Netflix looks like a less pie-in-sky, but still incredibly innovative and responsive, Amazon.
You're not paying for their current business, you're paying for their ability to execute now and in the future.
They've evolved and executed repeatedly in the 20 years since they started. DVDs by mail->Streaming Online->Original Content->Global Market. One misstep was to try to separate the legacy DVD business as a stand alone brand and charge separately for streaming. That failed pretty spectacularly, so they quickly bailed on the idea[0], said their mea culpas and went on to triple revenues over the 5 years since.
We can expect Netflix to grow into the Earth's TV station, hyperbole and all...
[0] http://business.time.com/2011/09/19/netflix-admits-it-messed...