Netflix, Inc. (NFLX) Reclaims Its Lead With Video Downloads - Twisted Nonsense Investments Home Exclusives Retirement Insurance Financial Planning Visitor Stats Wednesday, November 30, 2016 Netflix, Inc. (NFLX) Reclaims Its Lead With Video Downloads NFLX stock is now even more secure thanks to downloadable videos This morning, Netflix, Inc. (NASDAQ:NFLX) announced a brand new feature: subscribers can now download movies and television shows for offline playback. There’s no extra cost for this added functionality, and it’s “included in all plans and available for phones and tablets on Android and iOS.” The Netflix download option isn’t currently available via desktop computer, though. The question is: Will this have a significant effect on Netflix stock? According to the official announcement, NFLX implemented this change in response to user feedback. Apparently, the demand for downloadable movies and TV shows is quite significant. What’s the Catch for NFLX? At this point, there doesn’t seem to be one, unless you consider the fact that you can’t download every single video in the NFLX repository an actual catch. Currently, the bulk of the Netflix download offerings are comprised of the company’s original films and shows such as Stranger Things and Orange is the New Black, but there are actually “a lot of other random choices” across a seemingly wide range of genres, with more titles to come in the near future. The ability to download videos for offline use may come as a shock to Netflix stock owners, considering management’s longstanding resistance to anything other than streaming. However, since NFLX has successfully established a presence in almost every single country, video downloads might possibly be an effort to increase subscribership in overseas locations with budding and improved internet connectivity. Is Video Downloading a Game Changer for Netflix Stock? There’s no denying that NFLX stock is the undisputed king of the streaming industry. Even without Netflix downloads, one of the strongest competitors has been Amazon.com, Inc. (NASDAQ:AMZN) and its Prime Video service. On the surface, a cursory glance might easily fool you into believing that AMZN actually offers more content than NFLX. However, this past spring, CNBC delved into the numbers and gave some rather eye-opening insight into how Amazon Prime Video really compares with Netflix. Taking into consideration the figures and statistics quoted by CNBC, it’s clear that Netflix is the obvious winner, and this was before NFLX downloads even existed. So, one of the biggest weapons in Amazon’s arsenal has been rendered all but useless now that management has implemented offline viewing capability for subscribers’ most popular content. Expect a small bump in NFLX stock as news of the download feature spreads, but don’t expect anything meteoric. Even though video downloads aren’t really a game-changer for Netflix stock, they’re likely to have a more powerful impact on Amazon stock. Granted, AMZN is most well known as the king of e-commerce, but the company has spent quite a bit in its efforts to take market share away from NFLX stock. This could lead to fewer Prime Video viewers, pulling the popularity of the service down even further. Article originally appeared on InvestorPlace (11/30/16) No comments : Post a Comment Newer Post Older Post Home Subscribe to: Post Comments ( Atom ) Search by keyword, name, or ticker Like & Share Our Site Tweet Read Our Magazine! View my Flipboard Magazine. This Week's Popular Articles PayPal Holdings Inc (PYPL) Hopes Partnership Will Make It the King of Mobile Payments How Much Nicotine Is in One Cigarette? 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