Netflix fans, rejoice! It looks like our favorite streaming service has officially become one of the biggest – and most profitable – companies in the world of entertainment.
According to recent reports, Netflix is now “one of the eight largest media conglomerates” after their market cap hit $146 billion – thanks to its 7.14 million new subscribers during the first quarter.
Netflix’s latest market cap is noticeably higher than 5 other major companies.
As an IGN feature tells us, this puts Netflix above other big companies such as Time Warner/Warner Bros. ($76 billion) 21st Century Fox ($70 billion), Sony ($64 billion), CBS ($20 billion), and Viacom ($13 billion).
So far, Disney and Comcast still have higher market caps but many observers are saying it won’t take long until Netflix catches up. Besides, they’re only just $8 billion away from doing that.
There’s no slowing down for Netflix anytime soon.
Considering the fact that the company plans to release about 700 original series in 2018, it looks like Netflix has nowhere to go but up.
The secret behind the massive success.
Blake Morgan, writer for Forbes, shared some insights about why Netflix appeals to a wide array of audience. Morgan pointed out:
“Netflix delivers not only with some of the biggest series from broadcast TV, but also huge offerings of original content that engage viewers and showcase amazing creativity.
“Netflix doesn’t just have business savvy, but the storytelling is unmatched.”
“Early on Netflix had a willingness to push the boundaries – to paint portraits of characters we can’t usually find in mainstream content,” Morgan also added.
As the writer said further:
“Although there are companies that are larger than Netflix and have more resources, small groups of people with ingenuity have always been able to grow quickly – just look at PayPal, Uber, or Airbnb.
“It doesn’t matter who is older or who has more capital – anything can happen. Netflix is here to stay.”
Why ‘Avengers: Infinity War’ Cast Members Were Given Fake Scripts
It was a necessary evil, according to the directors.
While avid Marvel fans excitedly await the arrival of the third Avengers movie, or most popularly known as 'Avengers: Infinity War', it has been revealed that cast members of the highly anticipated film were given fake scripts prior to filming. Although the act could have disappointed the stars, as all their efforts in memorizing dialogues and practicing their scenes turned out to be futile, the deception was actually a necessary evil.
There is no denying that 'Avengers: Infinity War' is the biggest Marvel Cinematic Universe (MCU) movie so far. Apart from the fact that it will be the culmination of the brand, it is also the biggest gathering of Marvel superheroes in one live-action movie. While there are rumors claiming that certain characters will finally meet their demise in the said film (including that of Robert Downey Jr.’s Iron Man), outsiders can only speculate for now, thanks to its production’s strategy in safeguarding the story.
The upcoming 'Avengers: Infinity War' is the biggest gathering of Marvel superheroes in one live-action movie.
Justin Bieber Punches Man Who Grabbed A Woman By Her Throat
The singer has gotten into another trouble. But he’s the hero this time!
Canadian singer-songwriter Justine Bieber has just gotten himself into another trouble. However, it turns out he’s the hero this time around!
According to recent reports, the 24-year-old celebrity has been involved in a fight during a Coachella after party. Witnesses claim they saw Bieber punching a man in the face after the guy choked a woman, pushed her against the wall, and refused to let her go.
The brawl allegedly happened at a party.
Amber Heard Honored by CHLA After Donating Divorce Money To Charity
She also supports charities working on the protection of women against violence.
Amber Heard has been honored for her generosity and support to the Children’s Hospital Los Angeles (CHLA) for the past year. Donating the divorce settlement money she got from now ex-husband Johnny Depp, Heard is, indeed, worthy of the honor and praise.
Children’s Hospital Los Angeles revealed earlier this week that the 31-year old actress donated between $1 million and $5 million from July 2016 to June 2017 fiscal year. After all, Heard had earlier declared that part of the $7 million she got from her divorce settlement with Depp would be donated to CHLA.
“My philanthropic efforts have always been centered around medical care, especially with women and children. Medical care always struck me as a basic human right and necessity. I have been doing this type of work for the last 14 years with children’s hospitals and bringing, hopefully, laughs and alleviation and distraction to kids that are severely ill,” Heard recently said in an interview. ...