When it comes to home video entertainment, there’s Netflix (NASDAQ: NFLX) and then there’s everybody else.
Once dismissed as a threat on the level of “the Albanian army” by Time Warner (NYSE: TWX) CEO Jeff Bewkes, Netflix has become the undeniable leader in TV and movies. At a market value of $62 billion, Netflix could soon pass Time Warner ($75 billion), which owns several cable channels including HBO, Cinemax, TNT, TBS, CNN, and TCM, as well as Warner Bros studios.