The age of streaming TV is upon us, and Netflix has proven itself as king. The quarterly reports for Netflix were recently rolled out to the public, with some astounding figures. The value of Netflix is a reported $32.9 billion, beating out the broadcasting giant CBS that was valued at a mere $30.6 billion, these reports are definitely a sign of the times.
Companies like NBC, CBS, ABC have been broadcasting entertainment to the masses since the dawn of radio and television, but it looks like the new kid in town, Netflix, is proving to be some serious competition.
Cable and satellite services have been on the decline with the invention of streaming media, and there are several reasons for this change, first of which is cost. Igor Cornelsen is well aware that the big cable and dish companies are notorious for their high monthly fees for channels you might not even watch, along with unreliable service many times. Streaming your favorite movies and tv shows allows you to pay for only what you want to watch and many subscription services offer low monthly fees when compared to the big guys.
With the recent release regarding the value of streaming media king Netflix, it is becoming clear that streaming entertainment is going to be the trend of the future, and will most likely replace cable companies and satellite dish service on a national, and even worldwide scale.