Netflix (NFLX) to offer one more IPTV service
You can’t get decent of a good thing. Or, can you?
Netflix (NASDAQ: NFLX) will offer a new box built by LG Electronics, to allow movies to be downloaded by the internet [subscription required] and played on a TV. It sounds a lot like products from Apple (NASDAQ: AAPL), Amazon (NASDAQ: AMZN) and several other companies. The new project will plus have to compete with cable VOD and DVR functions.
Netflix has a problem, but it may not be one that it can fix. According to The Wall Street Journal “Netflix has about 6,000 movies and television shows available for streaming by the Web, a small fraction of the more than 90,000 DVDs in its library.” Since the internet-based subject matter is probably made up of the most popular shows, the limited
The big hurdle is that video composition delivery by the Web has become such a crowded industry that it is difficult to assume how one company will stand out. Cable VOD is so easy to use that there does not seem to be a compelling reason to turn to an alternative.
It is additionally not clear whether consumers would want yet another box in their homes. Many TVs have a DVD player, a DVR, a cable box and a PC link to the television. The pile is so high that the Netflix box may cause it to fall by.
Douglas A. McIntyre is an editor at 247wallst.com.
Original post by Douglas McIntyre
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