Netflix Overtakes one of USA’s largest Broadcasters.
(Image Source: Quartz).
CBS’s rivals in broadcast TV are all housed within bigger media conglomerates (although the company also owns cable channel Showtime and various other publishing, radio, and internet assets). For example, NBC is owned by Comcast, the gigantic cable company; ABC is part of the Disney empire and Fox is owned by 21st Century Fox, Rupert Murdoch’s film, TV, and cable colossus.
Netflix remains far smaller than all of them. But when seperated from their groups Netflix is doing better and is increasing. The market share has to come from somewhere, after all there are only so many people watch TV, if they are watching Netflix then they are NOT watching something else.