Netflix's Move From Screen to Shelf Could Be a Genius Diversification Play

Netflix (NASDAQ: NFLX) has come to dominate the video entertainment industry, with more than 300 million global subscribers.However, there's still room for growth and new opportunities for the company. It has long had ambitions of building more of a flywheel-style business model like Walt Disney, which has been able to capitalize on its popular movie franchises and monetize them through its theme parks, consumer products, and live entertainment.Netflix has experimented with this, selling some products from series like Stranger Things and experiences inspired by Bridgerton. But it now has its biggest opportunity ever to expand beyond video entertainment with KPop Demon Hunters, the viral children's animated movie. KPop Demon Hunters has become the most-watched movie ever on the Netflix platform, with 325 million views as of its earnings report. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool