January 25, 2013
Netflix (NASDAQ: NFLX ) made up for months of investor frustration this week with a blowout earnings report that sent the stock soaring 40%. Billionaire Carl Icahn took 10% stake in the company in November, and the timing seems perfect in hindsight. Since then, Netflix struck a deal with Disney (NYSE: DIS ) allowing some titles to be streamed now, with new releases streaming in 2016. The stock has been climbing ever since.
But there is still concern about competition, especially the streaming service from deep-pocketed Amazon.com (NASDAQ: AMZN ) . Amazon Prime members receive that service for no extra charge. There's also Hulu Plus to consider.
What's a streaming fan to do? At this month's 2013 International Consumer Electronics Show in Las Vegas, Rex Moore caught up with consumer technology expert Rob Pegoraro and asked him about the battle between Netflix and Amazon. Listen to Rob's response, and then give us your thoughts in the poll below the video.
Meanwhile, if you'd like to get our top analysts' thoughts on whether Netflix can fend off this burgeoning competition, we've released a brand-new premium report on Netflix. Inside, you'll learn about the key opportunities and risks facing the company, as well as reasons to buy or sell the stock. We're also offering a full year of Netflix updates as key news hits, so make sure to click here and claim a copy today.
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