Netflix Streaming Ahead

Figures recently released by Roy Morgan Research estimates that in just three months to June, Netflix (NASDAQ.NFLX) was accessible in 559,000 or 6.1% of all Australian households.The company hopes its service will be in a third of all Australian households within 5-7 years. However, such a forecast might be a tad pessimistic. If the service was to somehow maintain the current rate of growth (granted a big if), it would hit 33% of households in less than a year. Even at seven years it still would have reached that mark faster than Foxtel, owned by News Corp (ASX:NWS) and Telstra...

Figures recently released by Roy Morgan Research estimates that in just three months to June, Netflix (NASDAQ.NFLX) was accessible in 559,000 or 6.1% of all Australian households.

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