Is Netflix Building a Real-World Entertainment Empire?
Media-streaming veteran (NASDAQ: NFLX) is trying a bunch of new things. The king of digital entertainment is adopting a bunch of old-school ideas right now. Some of these moves are already turning heads, but is this a unique moment in time or a fresh long-term strategy for Netflix?
I'm sure you've seen a few of the headlines already. KPop Demon Hunters, an animated musical movie produced by Sony Pictures (NYSE: SONY) with exclusive distribution right for Netflix, is setting records.
Netflix has a unique power to steer the cultural zeitgeist like this. The KPop charting success reminds me of Stranger Things giving Kate Bush and Metallica best-selling hits some 35 years after the original releases, or Squid Game sweeping the globe with Korean-language drama.
Source Fool.com
Netflix Inc. Stock
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