Netflix shares rose 13,000 percent in its first fifteen years since its 2002 IPO

Evidence

Hollywood shares another parallel with the music industry in that a new streaming technology platform with considerable financial backing is transforming its distribution model. Just as Spotify is leading to a sea change in the economics and consumption patterns of recorded music, Netflix is pioneering a transition in the film and television industries. … Netflix has moved aggressively into this precarious situation, transitioning from a DVD delivery service into a global streaming video platform, content producer, and the belle of Wall Street. Crossing the one hundred million subscriber mark in 2017, then the two hundred million mark in 2021, Netflix shares rose 13,000 percent in its first fifteen years since its IPO in 2002, making for the second highest returns on the S&P 500. — Andrew deWaard, Derivative Media, 309

Categorization

• DEFINE: Establishes streaming-platform ownership/financialization as the lens through which Netflix’s ascent is read.
• XREF: connects to: The VC-to-IPO model dominates bio-economy discourse but not actual financing — Kean Birch, Rethinking Value in the Bio-economy:…, 34