Most investors assume Netflix is the future of TV, but it's actually the opposite—Netflix's days are numbered.
London, UK - August 01, 2018: The buttons of Netflix, Spotify, Podcasts, WhatsApp and Music on the screen of an iPhone.Last year, half of Americans aged 22 to 45 watched zero hours of cable TV. And almost 35 million households have quit cable in the past decade.
Combined, America’s five biggest cable companies are worth over $750 billion. And most investors assume Netflix will claim the bulk of profits that cable leaves behind. For example, about 20 million people tuned in to watch the first episode of the latest season of hit showNetflix management knows content is king. The company spent $12 billion developing original shows last year. It released 88% more original programming in 2018 than it did the previous year.It now invests more in content than any other American TV network.
The problem is that no matter how much Netflix spends, it has no chance to catch up with its biggest rival…Walt Disney created Mickey Mouse way back in 1928. Over the following eight decades the company built an empire.
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