Contrary to recent rumors, Netflix (NASDAQ: NFLX ) did not cancel its original series Orange Is the New Black after just two seasons. In fact, the streaming video giant had already signed up for season three back in May -- before the second season was even released to its subscribers.
Internet rumors die hard, but this one makes even less sense than most. The slideshow below shows why OITNB has been a big win for Netflix lately by attracting critical praise, glowing media coverage, and new subscribers. But the biggest benefit to the company has been the way original shows like this are changing the brand in the eyes of its customers. No longer dismissed as "rerun TV," Netflix is earning a reputation for quality exclusive content, and Orange Is the New Black is one big reason why.
Your cable company is scared, but you can get rich
You know cable's going away. But do you know how to profit? There's $2.2 trillion out there to be had. Currently, cable grabs a big piece of it. That won't last. And when cable falters, three companies are poised to benefit. Click here for their names. Hint: They're not Netflix, Google, and Apple.