Time Warner Cable Inc (TWC), Amazon.com, Inc. (AMZN): Netflix, Inc. (NFLX), $300, and Is It Really Different This Time?

Time Warner‘s HBO Go, Disney‘s WatchESPN, and other popular streaming offerings remain tethered to pay-TV subscriptions, at least in the U.S. And until these streaming counterparts to their cable channels go a la carte for non-cable subscribers, this will keep cable subscriptions losses at a steady drip, versus a deluge.

Final Thoughts

Netflix, Inc. (NASDAQ:NFLX) seems to have truly gone through a perfect storm back in 2011 as the company shifted away from domestic DVD delivery being the core business and focused its energies on domestic and international streaming. While this has been an expensive undertaking, the results are undeniable: At the end of Q2 2013, there were 37.56 million subscribers to streaming — a 47% increase from 2011’s 25.5 million.

Netflix has crossed over from being reliant on its DVD business, to a fast-growing content provider and a producer of original content that even cable companies want their customers to have access to, as the Virgin deal shows. Is the stock a buy at $300? By most any metric it’s expensive. But where 2011 saw a decline in customers and a business in transition, 2013’s Netflix is executing on its expansion plans, and offering a clear path forward for sustained long-term growth. Sounds like the kind of company worth owning to me.

The article Netflix, $300, and Is It Really Different This Time? originally appeared on Fool.com and is written by Jason Hall.

Jason Hall owns shares of Netflix and Amazon.com. The Motley Fool recommends Amazon.com and Netflix. The Motley Fool owns shares of Amazon.com and Netflix.

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