James Dennin, Kapitall: Netflix is reportedly in talks with cable providers to stream directly to cable sets. Does this mean they've won?
Multiple sources are now reporting that the online streaming website Netflix (NFLX) might soon beam content straight to your television set. First they successfully partnered with the British cable provider Virgin Media, in a deal that would run Netflix straight through to the televisions of UK viewers with a TiVo box.
Now Netflix is turning its attention to making a similar arrangement with American cable providers.
Talks are still underway, supposedly between representatives from Netflix and two of the largest cable providers in the US, Comcast (CMCSA) and Time Warner (TWX). The deal would further blur the lines between traditional television and the new streaming websites that compete with, alongside, above, basically all around them.The move illustrates two important trends:
- The increasing pressure for television providers to provide on-demand content for younger viewers.
- The continuing resilience of traditional TV among older, and wealthier customers.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV