February 28, 2017 by Peter Parker
By Antonio Gonzalez/ Inglewood/ 2.28.17
We’ve all been there stuck in a video/DVD store trying to find out what movie to buy. Finally, you decide on a movie you want to watch but the price tag on it is $19.99. A monthly subscription for Netflix is only $8.00.
As of 2014, Netflix has over 6,000 titles to choose from and that number just keeps growing. Netflix is the “world leading” internet and television network with over 75 million members in over 190 countries.
In 2016, people spent about 43 billion hours on Netflix. It now account for 37% of North American internet trafficking, more the YouTube, Apple Music Store, and Facebook.
As of 2016, Netflix is estimated to be worth $44.5 billion. By 2020, the revenue of Netflix is expected to quintuple to $11 billion dollars with a subscriber base of 60 million only in the U.S. If Netflix continues to grow like it has, by 2020 it is estimated the streaming service will be worth $230 billion.
In 2013, a stock of $100 dollars would be today worth about $13,000. Netflix shows no sign of slowing down.
So, if you’re looking for investing in a company that will pay off, and you just so happen to have a couple thousands to spend without a doubt Netflix is one company to definitely look into.