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Netflix is unstoppable

"It's good to be the king." That's a famous line by Mel Brooks in "History of the World: Part I." Unfortunately, this...

Posted: Apr 13, 2018 8:43 PM
Updated: Apr 13, 2018 8:43 PM

"It's good to be the king." That's a famous line by Mel Brooks in "History of the World: Part I." Unfortunately, this cult comedy classic is not available on Netflix.

But make no mistake: Netflix is the king of Hollywood, Silicon Valley and Wall Street.

Netflix's stock is up more than 60% this year - significantly better than Facebook, Apple, Amazon and Alphabet, the owner of Google and YouTube.

Netflix will report its first quarter earnings on Monday afternoon, and analysts are forecasting phenomenal growth. They're expecting a 40% jump in sales from a year ago, 60% more profit than a year ago, and 7.5 million more subscribers just since the previous quarter.

Netflix undeniably has momentum - and it's getting more love from big media companies. Netflix announced an expanded partnership on Friday with cable giant and NBCUniversal owner Comcast.

Since 2016, Comcast has allowed its X1 TV and internet subscribers to sign in to Netflix directly. Now Comcast will offer Netflix subscriptions within more of its Xfinity cable packages.

Verizon has a similar deal for its FiOS subscribers. In February, Verizon began to offer a year of free Netflix to customers who sign up for internet, TV and phone services.

Netflix is now available as a channel on FiOS as well, meaning people can easily log in to Netflix directly through the TV instead of going through a mobile device or a box, like Roku or Google's Chromecast.

Related: MoviePass buys Moviefone from Verizon

Media companies - on both the content production and distribution sides - seem to realize that they have to make nice with Netflix because the company has so many shows that people want.

"Jessica Jones." "Stranger Things." "The Crown." "Orange is the New Black." "13 Reasons Why." The list keeps going.

That's one reason Netflix got even more good news on Friday, ahead of its earnings report. Deutsche Bank analyst Bryan Kraft raised his price target on Netflix to $350 a share, nearly 15% higher than where it closed on Thursday.

"Netflix has changed the industry in a profound way and in doing so has given itself a significant lead, making it very difficult for the traditional media companies, or even other big tech companies, to catch up," Kraft wrote.

Netflix is no longer a plucky upstart media underdog. Yes, it continues to face tough competition from Amazon, Apple and the Big Media-backed streaming service Hulu. (Time Warner, the parent company of CNNMoney, has a stake in Hulu.)

Another Hulu backer, Disney, aims to launch its own streaming service in late 2019. And Disney may wind up offering content from 21st Century Fox, a Hulu investor, if its deal to buy Fox's movie business is approved.

Related: Netflix joined the exclusive $100 billion club earlier this year

But Netflix is now worth $136 billion, more than many of its media rivals.

It's twice as valuable as Fox, which has a market cap of $67.8 billion. Time Warner's market value is just above $75 billion. Corporate cousins (and possible merger partners) CBS and Viacom are worth only $31.7 billion - combined.

Netflix could soon top even Comcast's market value. Comcast is worth $153 billion. And it's heading in the opposite direction from Netflix. The stock has plunged nearly 20%.

Say it again, Mel. It's good to be the king. Now if only I could stream the movie on Netflix.

Mississippi Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 68293

Reported Deaths: 1944
CountyConfirmedDeaths
Hinds5700119
DeSoto371031
Harrison260136
Madison245569
Jackson231444
Rankin230735
Jones193159
Forrest182656
Washington170142
Lee152142
Lauderdale141592
Neshoba128892
Lamar123115
Bolivar113635
Oktibbeha113339
Warren112535
Lowndes109239
Panola106816
Sunflower105625
Scott101120
Lafayette98719
Copiah96228
Leflore94966
Pike94037
Holmes91049
Grenada85123
Pontotoc8429
Yazoo84113
Lincoln83442
Monroe82155
Simpson80631
Leake79526
Coahoma78113
Wayne78021
Tate74330
Marshall7129
Marion68420
Union66216
Adams63225
Winston62916
Covington62214
George5956
Pearl River55940
Newton54511
Tallahatchie54111
Attala52725
Walthall50221
Chickasaw47619
Noxubee46112
Tishomingo4377
Alcorn4355
Calhoun4259
Prentiss42310
Claiborne40914
Smith40613
Hancock40214
Clay40114
Jasper3949
Itawamba38710
Tippah37414
Tunica3587
Clarke33626
Montgomery3295
Lawrence3238
Yalobusha31610
Humphreys29712
Quitman2691
Carroll26111
Greene25612
Perry2428
Amite2376
Webster23712
Kemper23314
Jefferson Davis2336
Wilkinson21513
Stone2115
Sharkey2045
Jefferson1957
Benton1451
Choctaw1354
Franklin1312
Issaquena272
Unassigned00

Alabama Coronavirus Cases

Confirmed Cases: 100801

Reported Deaths: 1814
CountyConfirmedDeaths
Jefferson13366246
Mobile10581212
Montgomery6825151
Madison546934
Tuscaloosa426979
Unassigned392566
Baldwin367029
Shelby333437
Marshall319438
Lee270847
Morgan241819
Etowah218034
DeKalb183414
Calhoun181918
Elmore176039
Walker154465
Houston142813
Russell13892
St. Clair136320
Limestone135913
Dallas133624
Franklin129722
Cullman123012
Colbert121517
Lauderdale119020
Autauga116222
Escambia108817
Talladega105414
Jackson10264
Tallapoosa87579
Chambers84738
Dale84329
Clarke82610
Chilton8189
Blount8165
Butler77036
Coffee7656
Covington74021
Pike7137
Marion58226
Barbour5796
Lowndes57124
Marengo56616
Hale48526
Bullock48111
Winston45711
Perry4454
Bibb4445
Washington44412
Wilcox43410
Monroe4236
Pickens4089
Randolph40211
Conecuh39310
Sumter36618
Lawrence3542
Macon33914
Crenshaw3326
Choctaw28912
Cherokee2768
Clay2675
Geneva2652
Henry2643
Greene25211
Lamar2302
Fayette2235
Cleburne1291
Coosa1053
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