Netflix is making a strong impression with its stocks more than doubling this year and its ranking zooming past others to reach the level of best performers on S&P 500.
On Wednesday, the online streaming service provider said that it has added 3.3 million members globally in the Q2. Its steady growth did not worry the investors about its sixty three percent drop in the profits and the shares climbed during the after hour trading.
Netflix is investing billions of dollars to extend its content service for television and films and is on its way to make its presence felt globally.
Not only that, with its earlier opposition of a the Netflix Time Warner Cable and Comcast deal which failed, and support to the Time Warner Cable and Charter pair up, it is also making an important place in communications policy.
The proposed TWC and Charted deal of $55 billion has found Netflix as an ally. The support comes not without any reason; Netflix's proclivity for the new deal is mainly due to the possibilities of Interconnection which relates a physical link and of a network from a carrier which might be the merged Charter and TWC, and a content provider where Netflix might see itself.
In a lay mans language such kind of interconnection agreements will make online videos smoothly deliverable to the user's device without the troubles of buffering.
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