Netflix goes up, then goes down

Does anybody know what’s going on with the home entertainment business? Netflix, the online video supplier, recently reported…

Does anybody know what’s going on with the home entertainment business? Netflix, the online video supplier, recently reported respectable sales. Yet, somehow or other, the company’s shares suffered a dizzying 14 per cent plunge last week. The finance boffins at Variety magazine suggest that investors are concerned about the costs of expansion. The truth is that nobody has any idea where this sector is now headed.

Donald Clarke

Donald Clarke

Donald Clarke, a contributor to The Irish Times, is Chief Film Correspondent and a regular columnist