Is Netflix the next AOL
When I asked my Twitter followers a few days ago if they thought Netflix would be the next AOL, several rushed to Netflix's defense.
Netflix now has a market value of just $4 billion. To put that in perspective, Twitter follower Jesse http://www.tffukjewellerys.co.uk/ Houston pointed out that it's only $2 billion more than online music service Pandora (
Another follower, going by the handle of Aman Forallseasons, praised Netflix for spending to get the streaming rights for shows from AMC (Fortune 500).)
"Shelling out that much for content was their best move in months," Aman tweeted.
Netflix could also be a takeover target for one of the many Hollywood studios that have been sparring with Netflix and rival Redbox about release windows for movies.
Netflix and Amazon aren't as bad off as it seemsInterestingly, Redbox parent Coinstar (
And even some former Netflix bears have changed their tune. Hedge fund manager Whitney Tilson of T2 Partners was on CNBC earlier this week talking about how great a value the stock is.
Last year, Tilson engaged in a strange online debate with Netflix CEO Reed Hastings. Tilson posted on investing blog Seeking Alpha about why he was shorting Netflix shares. Hastings, unsurprisingly,took the opposite view about the stock.
But that hasn't stopped all the AOL comparisons. For all the Netflix bulls that I encountered on Twitter, there were some compelling arguments from the skeptics too.
Andy Meek had fun making light of Tiffany Jewellery Outlet one of the hit shows that's part of the AMC deal.
"Interesting that one of the recent content acquisitions is the Walking Dead. Maybe they had that on the brain," he tweeted.
And Anthony Cogo threw cold water on the notion that a major media company would buy Netflix.
"With so many networks and studios doing on demand now, Netflix will die," he tweeted.
That may be a bit hyperbolic. AOL, after all, is not dead. But it's a shell of what it once was. And if Tiffany UK Outlet Netflix isn't careful, it may suffer the same fate.
Reader comment of the week! It may seem superfluous to feature another shout-out to a Buzz follower in a column based on Twitter feedback, but Netflix was hardly the only interesting business story this week.
That little deal hashed out in Brussels dominated the headlines this week. I tweeted Thursday about how European banks were surging and noted that you can't spell "euphoria" without "EU."
That was met with this contrarian gem by reader Richard Isacoff. He tweeted that "you can't spell "pneumonia" without an "eu" either. Well-played. But here's hoping that Europe has finally found a cure to its sovereign debt sickness.
The opinions expressed in this commentary are solely those of Paul R. La Monica. Other than Time Warner, the parent of CNNMoney, and Abbott Laboratories, La Monica does not own positions in any individual stocks.
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer
LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer.
Morningstar: 2012 Morningstar, Inc. All Rights Reserved. Disclaimer
The Dow Jones IndexesSM are proprietary Cheap Tiffany Bracelets to and distributed by Dow Jones Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM 2012 is proprietary to Dow Jones Company, Inc.
When I asked my Twitter followers a few days ago if they thought Netflix would be the next AOL, several rushed to Netflix's defense.
Netflix now has a market value of just $4 billion. To put that in perspective, Twitter follower Jesse http://www.tffukjewellerys.co.uk/ Houston pointed out that it's only $2 billion more than online music service Pandora (
Another follower, going by the handle of Aman Forallseasons, praised Netflix for spending to get the streaming rights for shows from AMC (Fortune 500).)
"Shelling out that much for content was their best move in months," Aman tweeted.
Netflix could also be a takeover target for one of the many Hollywood studios that have been sparring with Netflix and rival Redbox about release windows for movies.
Netflix and Amazon aren't as bad off as it seemsInterestingly, Redbox parent Coinstar (
And even some former Netflix bears have changed their tune. Hedge fund manager Whitney Tilson of T2 Partners was on CNBC earlier this week talking about how great a value the stock is.
Last year, Tilson engaged in a strange online debate with Netflix CEO Reed Hastings. Tilson posted on investing blog Seeking Alpha about why he was shorting Netflix shares. Hastings, unsurprisingly,took the opposite view about the stock.
But that hasn't stopped all the AOL comparisons. For all the Netflix bulls that I encountered on Twitter, there were some compelling arguments from the skeptics too.
Andy Meek had fun making light of Tiffany Jewellery Outlet one of the hit shows that's part of the AMC deal.
"Interesting that one of the recent content acquisitions is the Walking Dead. Maybe they had that on the brain," he tweeted.
And Anthony Cogo threw cold water on the notion that a major media company would buy Netflix.
"With so many networks and studios doing on demand now, Netflix will die," he tweeted.
That may be a bit hyperbolic. AOL, after all, is not dead. But it's a shell of what it once was. And if Tiffany UK Outlet Netflix isn't careful, it may suffer the same fate.
Reader comment of the week! It may seem superfluous to feature another shout-out to a Buzz follower in a column based on Twitter feedback, but Netflix was hardly the only interesting business story this week.
That little deal hashed out in Brussels dominated the headlines this week. I tweeted Thursday about how European banks were surging and noted that you can't spell "euphoria" without "EU."
That was met with this contrarian gem by reader Richard Isacoff. He tweeted that "you can't spell "pneumonia" without an "eu" either. Well-played. But here's hoping that Europe has finally found a cure to its sovereign debt sickness.
The opinions expressed in this commentary are solely those of Paul R. La Monica. Other than Time Warner, the parent of CNNMoney, and Abbott Laboratories, La Monica does not own positions in any individual stocks.
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer
LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer.
Morningstar: 2012 Morningstar, Inc. All Rights Reserved. Disclaimer
The Dow Jones IndexesSM are proprietary Cheap Tiffany Bracelets to and distributed by Dow Jones Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM 2012 is proprietary to Dow Jones Company, Inc.
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