Can Walmart Take on Netflix and Amazon in Streaming?
#TIA – Walmart joins the gold rush of movie streaming, perhaps proving that the real infinite age begins on celluloid.
“It’s easy to see why everyone wants a piece of the streaming market. Netflix (NASDAQ:NFLX) first introduced Watch Now — the earliest version of its internet-delivered video service — in January 2007. The platform began with just 1,000 titles and was an added perk to those who subscribed to the company’s DVD-by-mail service.
At the time of its streaming video debut, Netflix had just 6.3 million subscribers. Those numbers have since exploded, growing to over 130 million at last count, making Netflix arguably one of the most successful companies of the past decade.
That unbridled success has been a magnet for competition, with a growing number of services joining the fray. Now, it appears Walmart (NYSE:WMT) is contemplating throwing its hat into the streaming ring.”
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