Could Netflix Suffer the Same Fate as Blockbuster?

by Zagros on March 11, 2020

Marketwire   ”Press Releases”
NEW YORK, NY — (MARKET WIRE) — 03/11/11 — The electronic video audience has been growing at an exponential rate in recent years. With Netflix surging in popularity — posting a staggering 20 million subscriber base — many other prominent tech firms are taking steps to connect consumers with movies and TV shows. Recent reports that the internet kingpin Facebook is going to let users rent movies directly from the site has sparked shareholder concern that the social network could do to Netflix what Netflix has done to Blockbuster . The Bedford Report examines the Music & Video Stores Industry and provides research reports on Blockbuster, Inc. (PINKSHEETS: BLOAQ) and Netflix, Inc. (NASDAQ: NFLX). Access to the full company reports can be found at:

Shares of Netflix have been on the downswing since news broke that Warner Bros . would release popular film “The Dark Knight” on Facebook. It will cost 30 credits (Facebook’s virtual currency) or $3 , for a 48-hour rental, via an app the studio has built for the site. Facebook has 600 million registered users, and due to its social games, many of them are already using the site’s virtual currency.

Though the Warner Bros . rental is only a trial, consensus is that it will likely turn into a permanent program. The news caused Goldman Sachs to note that on a longer-term basis, “Facebook could become a credible threat to Netflix .”

The Bedford Report releases regular market updates on the Music & Video Stores Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous analyst reports and industry newsletters.

Netflix’s meteoric rise is often linked to Blockbuster’s demise. Yesterday Blockbuster resolved disputes with creditors over a sale proposal that would help the company avoid liquidation. Liquidating Blockbuster would shut down its remaining 5,000 stores and put approximately 20,000 employees out of a job. Billionaire investor Carl Icahn commented on the matter, saying in a court filing a sale was in the best interest of the company. Hedge fund Monarch Capital submitted a bid for the company, but that was opposed by a large number of landlords and Hollywood studios.

The Bedford Report provides Analyst Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above-mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at

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