Netflix, the ultimate disruptor, could be headed to extinction. The company started the streaming service model and created a business unlike any other. The streaming idea is so good the competition is using Netflix as a guide to create their own streaming service, in turn disrupting the disruptor.
In the latest blow to Netflix Inc., AMC Theatres, the biggest cinema chain in the world, said Tuesday it is launching a streaming service that will allow members of its loyalty program to rent or buy films and watch them at home, the first such offering from a cinema operator. The 20 million-plus U.S. households that have signed up to the company’s AMC Stubs program will be able to access about 2,000 films from every major studio, starting Tuesday. Later in the year the service is slated to be expanded to include films from AMC Networks’ (AMCX)IFC Films and RLJE Films.
https://finance.yahoo.com/m/ab630de0-465a-3f46-87d6-682afa17f9ac/amc-theatres-launches.html
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