In 2007, Netflix (NASDAQ: NFLX) upended the entertainment industry when it launched the first streaming service, challenging traditional paid television with a less costly and more convenient alternative. Early on (and somewhat ironically), many industry executives failed to see Netflix as a threat, including the CEO of the now-defunct video rental chain Blockbuster. Broadcast and cable television have slowly lost market share, while Netflix has become a global phenomenon. Read More...
In 2007, Netflix (NASDAQ: NFLX) upended the entertainment industry when it launched the first streaming service, challenging traditional paid television with a less costly and more convenient alternative. Early on (and somewhat ironically), many industry executives failed to see Netflix as a threat, including the CEO of the now-defunct video rental chain Blockbuster. Broadcast and cable television have slowly lost market share, while Netflix has become a global phenomenon.
