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TheWrap

Two Entertainment Tech Companies Are Wall Street’s Big Winners of 2015

Dec 29, 2015  •  Post A Comment

Two entertainment tech firms were the No. 1 and No. 2 performers of the year on the S&P 500. TheWrap reports that Netflix is wrapping up 2015 as the stock index’s top performer, with Amazon at No. 2.

Both companies have made a mark in entertainment while pursuing tech-based business models. But while streaming forms the core of the Netflix model, the report describes Amazon’s Prime Video service as a “sideshow” to the online retailer’s main business.

Shares in Amazon have climbed 118% since the beginning of the year, the story reports, while Netflix shares have gone up 140%.

“Netflix kicked off 2015 with a commitment to broaden its reach to 200 countries by the end of 2016,” the report notes. “This year it made inroads into the countries with the lowest-hanging fruit: places like Australia, New Zealand and Japan, which already have a tech-savvy population hooked up to strong Internet infrastructure.”

Amazon, meanwhile, has emerged as “Netflix’s biggest rival in online subscription video,” the story reports, while scoring prestigious Golden Globe and Emmy wins for its original series “Transparent.”

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