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Netflix Misses and Guides Down - Marty Note
Wall Street was throwing the Netflix baby out with the bathwater today as if TODAY means anything. Clue - today means very little. That's why we wanted to share 5 reasons why the future has Netflix written all over it:
- Streaming is the future
- Netflix Content
- TV & Web = Merging
- TV & Social Nets = Merging
- 80M+ Istalled User Base
Netflix's content is getter better and will continue to do so. Good content becomes a self fullfilling prophecy. As the TV, the web and social networks merge Netflix is sitting right in the middle of a crowded street holding a GO / NO GO sign.
If Netflix has a weakenss it is the closed loop nature of their social content. Much like Apple, Netflix only shares content with "members" cutting off a powerful and cheap way to attract new members.
Unlike Apple Netflix may begin to open the can some. When Netflix crowdsourced their reviewer rating algorithm with $1M prize they nodded to the true nature of their product line - the INFORMATION they know about us (memers and viewers).
If Netflix is an information play why they would take an Angie's list approach to their social content is a mystery. Netflix's willingness to crowdsource indicates they are open to throwing some doors open. Netflix as streaming platform will pale to Netflix the social, shopping and collaboration platform - think Facebook for your smart TV - and who better to create such a patform than the much miligned Netflix.
If the future was about TODAY then sellers and shorts are right, but the future is almost NEVER about today and the substantail digital assets and ideas Netflix has created, is creating and will create bode well for the company, their stock and our viewing and entertainment pleasure.
