Reported 2 months ago
Netflix has significantly outperformed its competitors in the streaming wars, reporting record subscriber growth and profits, with its stock surging over 50% this year. While other companies like Disney and Paramount recently achieved their first profits in streaming, they still lag far behind Netflix, which has capitalized on its first-mover advantage and innovative monetization strategies. As the industry evolves, experts suggest that competitors need to develop key assets and possibly pursue mergers to close the gap.
Source: YAHOO