You might think that the average consumer would pull back on entertainment spending when times are tough. So far, you'd be wrong.
The same story is playing out throughout the industry of TV-signal wranglers. Comcast
Throw in healthy growth for video-rental expert Netflix
Evidence shows that those who sign up for on-demand services, triple-play package deals, high-definition programming, and other fancy extras tend to stay around longer, and that's where the growth happens to be these days. "We believe that these new subscribers in aggregate are highly profitable and will increase cash flows over the long term," said DirecTV CEO Chase Carey. The new sign-ups come with high credit ratings, and "they continue to have a rich appetite for HD and DVR services."
Sounds like a recipe for sustainable growth, Chase. Congratulations on striking that rich vein, and keep on trucking down that road.
Fool contributor Anders Bylund owns shares in Netflix, but he holds no other position in any of the companies discussed here. He takes his metaphors shaken, not stirred. You can check out Anders' holdings or a concise bio if you like, and The Motley Fool is investors writing for investors.