Movie Monopoly

Over the past decade Netflix has been one of the most profitable websites on the internet. Stock prices have quadrupled in Netflix as it overtook all other movie businesses like blockbuster and Hollywood Video. The CEO of Timewarner, Jeffrey Bewkes, is not happy about the wild success of Netflix, as he believes it has taken away business from other video/movie associated companies. Netflix has accelerated the decline of DVD sales and essentially run cable television companies into the ground. Because Netflix offers all the movies that cable networks like Starz and Showtime would offer, people aren't subscribing to them.  Bewkes remarked that, "Once you put it on Netflix, you really can’t sell it anywhere else". I am a fairly frequent user of Netflix and have been using it since the beginning. It seems that many businesses these days are establishing monopolies in their sectors and the world is becoming run by a few different companies. This takes away some of the spirit of competition. Although I like Netflix, I don't want it to run other companies out of business.


 http://www.nytimes.com/2010/12/13/business/media/13bewkes.html?_r=1&ref=business