When I look at the entertainment industry today, man, have things changed.
Gone are the days I used to sit on the floor in front of my 20-inch TV screen, twisting the knob to switch between the 13 existing channels trying to find The Brady Bunch.
Nowadays, you just sit back on the couch and say “The Office” into your remote and boom, there’s Michael Scott making a fool out of himself right in front of you.
Kids nowadays are growing up without even having to sit through commercials, as streaming has truly become the dominant form of television.
Netflix Inc. (NASDAQ: NFLX) was the first to make the move into streaming, and it’s been the leading company in the industry for years now.
But there’s steeper competition on the horizon for NFLX. It may not be number one for long, and when it drops it could take investors’ portfolios down with it.