In our never-ending quest to keep you informed and up-to-date on movie and home entertainment happenings, Inside Redbox regularly takes a look at major films coming out in the near(ish) future that are already generating buzz and anticipation. This time around, we’re spotlighting Steve Jobs.
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Before the year is out, the unstoppable online video behemoth that is Netflix is projected to reach the 70 million mark in global subscribers. This comes from a report by Digital TV Research, which predict that Netflix will hit 69.9 million subscribers in the next six months.
File this one under the ever-growing “Netflix is taking over the world” pile. According to a prominent analyst, Netflix will soon have a bigger daily audience than each of the big four (ABC, CBS, NBC, Fox) TV networks.
BTIG Research analyst Richard Greenfield has been a fan of Netflix for a while now, and lately has gotten even more bullish on the streaming giant. Greenfield recently upped his one-year price target on Netflix, which just announced a by 45 percent to $950 per share.
Is this Netflix’s world and we’re all just living in it? The online streaming giant is not only holding on to its lead in the increasingly crowded VOD world, but it’s actually increasing its advantage over its competitors.
Galen Smith, CFO of Redbox parent Outerwall, is a confident man. Despite the constant and notable declines in the movie disc rental business, Smith thinks that there’s still a lot of life left in the Redbox business model.
Have you noticed any ads for other Netflix shows popping up when you’re watching original content on the streaming service? If so, you’ve come across a quiet new testing project that Netflix is working on.