Netflix Is Quickly Becoming an American Institution

As CEO Reed Hastings gladly admits, Netflix (NFLX)  has plenty of well-financed rivals in the battle for digital video viewing time. In the "Competition" section within its fourth-quarter shareholder letter, the streaming giant mentioned not only Amazon's (AMZN) Prime Video as a rival, but also Alphabet/Google's (GOOGL) YouTube, Time Warner's (TWX)  HBO, CBS and BBC's online services, web TV offerings from satellite firms and Hulu, and even Facebook and Apple's video efforts.

In one sense, Netflix's perspective could be unsettling: The company is admitting many online entertainment alternatives exist. But in another respect, it's encouraging: Netflix is signaling that it's not fretting over its direct streaming rivals any more than it is over Facebook or YouTube's video services. Or, for that matter, any more than Facebook or YouTube fear that Netflix will eat their lunch....641 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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