Netflix (NFLX) Continues to Blow Off Competitive Threats
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Competitors keep crawling out of the woodwork, yet shares of the movie rental powerhouse Netflix (Nasdaq: NFLX) are hardly fazed.
Yesterday, retailer Sears Holdings (Nasdaq: SHLD) rolled out a new movie download service at its Sears and Kmart stores called Alphaline Entertainment.
The service uses Sonic's RoxioNow platform for delivery with movie rentals price of $3.99 and purchase of $19.99, similar to Best Buy’s CinemaNow.
Shares of Netflix closed higher yesterday despite the news. Today they are down 1%.
Yesterday, retailer Sears Holdings (Nasdaq: SHLD) rolled out a new movie download service at its Sears and Kmart stores called Alphaline Entertainment.
The service uses Sonic's RoxioNow platform for delivery with movie rentals price of $3.99 and purchase of $19.99, similar to Best Buy’s CinemaNow.
Shares of Netflix closed higher yesterday despite the news. Today they are down 1%.
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