Personal fan favorite service and Blockbuster killer, Netflix appears to find itself in a minor downfall. According to High-Def Digest, Netflix stock has dropped recently, with stocks down to $200 a share from close to $250 a share only a few weeks ago (Valentine’s Day, specifically).
The purported proprietor of the loss is Amazon Prime, who announced their own free streaming service to Amazon Prime members just last month. Added with the continued growth of Redbox, and Netflix might be on the receiving end of their Blockbuster-killing karma.
However, I feel that Netflix will be able to roll with the punches. After all, they have an user base of more than 20m subscribers. With the promise of more streaming subtitle support, I feel that things will be A-OK. Supporters of either service: What do you think of this? Will Redbox and/or Amazon Prime be enough to take down the might red giant?[via High-Def Digest]