Netflix is unstoppable

"It's good to be the king." That's a famous line by Mel Brooks in "History of the World: Part I." Unfortunately, this...

Posted: Apr 13, 2018 9:43 PM
Updated: Apr 13, 2018 9:43 PM

"It's good to be the king." That's a famous line by Mel Brooks in "History of the World: Part I." Unfortunately, this cult comedy classic is not available on Netflix.

But make no mistake: Netflix is the king of Hollywood, Silicon Valley and Wall Street.

Netflix's stock is up more than 60% this year - significantly better than Facebook, Apple, Amazon and Alphabet, the owner of Google and YouTube.

Netflix will report its first quarter earnings on Monday afternoon, and analysts are forecasting phenomenal growth. They're expecting a 40% jump in sales from a year ago, 60% more profit than a year ago, and 7.5 million more subscribers just since the previous quarter.

Netflix undeniably has momentum - and it's getting more love from big media companies. Netflix announced an expanded partnership on Friday with cable giant and NBCUniversal owner Comcast.

Since 2016, Comcast has allowed its X1 TV and internet subscribers to sign in to Netflix directly. Now Comcast will offer Netflix subscriptions within more of its Xfinity cable packages.

Verizon has a similar deal for its FiOS subscribers. In February, Verizon began to offer a year of free Netflix to customers who sign up for internet, TV and phone services.

Netflix is now available as a channel on FiOS as well, meaning people can easily log in to Netflix directly through the TV instead of going through a mobile device or a box, like Roku or Google's Chromecast.

Related: MoviePass buys Moviefone from Verizon

Media companies - on both the content production and distribution sides - seem to realize that they have to make nice with Netflix because the company has so many shows that people want.

"Jessica Jones." "Stranger Things." "The Crown." "Orange is the New Black." "13 Reasons Why." The list keeps going.

That's one reason Netflix got even more good news on Friday, ahead of its earnings report. Deutsche Bank analyst Bryan Kraft raised his price target on Netflix to $350 a share, nearly 15% higher than where it closed on Thursday.

"Netflix has changed the industry in a profound way and in doing so has given itself a significant lead, making it very difficult for the traditional media companies, or even other big tech companies, to catch up," Kraft wrote.

Netflix is no longer a plucky upstart media underdog. Yes, it continues to face tough competition from Amazon, Apple and the Big Media-backed streaming service Hulu. (Time Warner, the parent company of CNNMoney, has a stake in Hulu.)

Another Hulu backer, Disney, aims to launch its own streaming service in late 2019. And Disney may wind up offering content from 21st Century Fox, a Hulu investor, if its deal to buy Fox's movie business is approved.

Related: Netflix joined the exclusive $100 billion club earlier this year

But Netflix is now worth $136 billion, more than many of its media rivals.

It's twice as valuable as Fox, which has a market cap of $67.8 billion. Time Warner's market value is just above $75 billion. Corporate cousins (and possible merger partners) CBS and Viacom are worth only $31.7 billion - combined.

Netflix could soon top even Comcast's market value. Comcast is worth $153 billion. And it's heading in the opposite direction from Netflix. The stock has plunged nearly 20%.

Say it again, Mel. It's good to be the king. Now if only I could stream the movie on Netflix.

West Lafayette
Clear
72° wxIcon
Hi: 82° Lo: 60°
Feels Like: 72°
Kokomo
Broken Clouds
70° wxIcon
Hi: 80° Lo: 57°
Feels Like: 70°
Rensselaer
Broken Clouds
64° wxIcon
Hi: 78° Lo: 57°
Feels Like: 64°
Fowler
Broken Clouds
64° wxIcon
Hi: 80° Lo: 57°
Feels Like: 64°
Williamsport
Clear
72° wxIcon
Hi: 83° Lo: 58°
Feels Like: 72°
Crawfordsville
Overcast
66° wxIcon
Hi: 81° Lo: 58°
Feels Like: 66°
Frankfort
Scattered Clouds
74° wxIcon
Hi: 81° Lo: 58°
Feels Like: 74°
Delphi
Broken Clouds
69° wxIcon
Hi: 81° Lo: 57°
Feels Like: 69°
Monticello
Broken Clouds
69° wxIcon
Hi: 79° Lo: 57°
Feels Like: 69°
Logansport
Overcast
66° wxIcon
Hi: 80° Lo: 57°
Feels Like: 66°
WLFI Radar
WLFI Temps
WLFI Planner

Indiana Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 51079

Reported Deaths: 2756
CountyConfirmedDeaths
Marion12019693
Lake5588248
Elkhart353959
Allen2939134
St. Joseph210669
Hamilton1691101
Cass16449
Hendricks1454100
Johnson1340118
Porter82638
Tippecanoe7709
Vanderburgh7276
Clark69544
Madison67464
LaPorte61628
Howard59858
Bartholomew59745
Kosciusko5754
Marshall5449
Noble51328
LaGrange4849
Boone48244
Jackson4783
Delaware47152
Hancock46736
Shelby45425
Floyd40644
Morgan34231
Monroe34028
Grant31826
Dubois3046
Henry30018
Montgomery29720
Clinton2903
White27410
Dearborn25823
Decatur25632
Lawrence25225
Vigo2528
Warrick25029
Harrison21722
Greene19432
Miami1932
Jennings17912
Putnam1738
DeKalb1694
Scott1649
Wayne1546
Daviess15017
Perry14710
Orange13723
Steuben1362
Jasper1352
Ripley1307
Franklin1278
Gibson1202
Wabash1162
Carroll1142
Fayette1067
Whitley1066
Starke1043
Newton10010
Huntington942
Jefferson862
Wells821
Randolph794
Fulton731
Knox710
Jay700
Washington681
Pulaski661
Clay645
Rush613
Posey570
Spencer541
Owen521
Benton510
Sullivan501
Adams491
Brown431
Blackford402
Fountain352
Crawford330
Switzerland320
Tipton321
Parke270
Martin260
Ohio230
Vermillion200
Warren151
Union140
Pike110
Unassigned0193

COVID-19 Important links and resources

As the spread of COVID-19, or as it's more commonly known as the coronavirus continues, this page will serve as your one-stop for the resources you need to stay informed and to keep you and your family safe. CLICK HERE

Closings related to the prevention of the COVID-19 can be found on our Closings page.

Community Events