Internet TV is fast-growing globally, slowly overthrowing traditional TV, and that seems to be evident in Thursday's stock market result. Stocks of major media companies, such as Time Warner, CBS and Discovery Communications dropped, while Netflix's inflated.
Among these media companies, Viacom and 21st Century took the hardest hit as they both went down by 10 percent. On the contrary, Netflix went up nearly 4 percent, with trading as high as $128.85.
There is one more good news on top of this. Huffington Post has learned that by the end of this year, Netflix will launch in Spain, Portugal, Italy and Japan.
Earlier in June, these three European places were already announced. Looking at the bigger picture, these three countries have a combined total population of 117.6 million.
International Telecommunication Union data revealed that 62 percent of Portuguese, 58 percent of Italians and 72 percent of Spaniards use the Internet. This means good news for Netflix.
The company revealed, Tuesday, that it will go live in Japan on Sept. 2. 86 percent of its 127.3 million people are using the Internet, making it the fourth largest online population.
Again, this is good news for Netflix except that it's invading the territory of SoftBank, a Japanese multinational telecommunications and Internet corporation.
Netflix gives their customers the opportunity to watch whatever they want, whenever they want, whatever they want. This media streaming site is not just catching up with the traditional cable, it's in fact, outspacing it.
The U.S. pay-TV sector is declining faster. In fact, during the second quarter of 2015, the industry has lost a net of 357,000 subscribers, Variety learned.
Nevertheless, there are analysts who are optimistic about the situation. They believe that pay-TV bundle will remain solid despite the continuous decrease in subscriber levels.
Netflix offers TV shows including "House of Cards," "Orange is the New Black" and Grace and Frankie.
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