Shares of Netflix have nearly doubled this year while its chief competitor in video streaming, Amazon.com , has lagged the market. Now The Wrap reports that Anthony Bay is out as the head of Amazon Instant Video just weeks after Jim Buckle left as head of the unit's European operations, LoveFILM.
Interestingly, the shake-up comes in the wake of Amazon paying up to get exclusive access to episodes of "Downton Abbey" and the FX action hit "Justified." Do the changes reflect trouble at Amazon Instant Video? Are investors right to believe that Netflix is thriving despite intense competition?
The Motley Fool's Alison Southwick asks Tim Beyers of Motley Fool Rule Breakers and Motley Fool Supernova for his perspective in the video below. Please watch, and then leave a comment to let us know what you think.
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The article Why Netflix Is Still Soaring originally appeared on Fool.com.Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team and the Motley Fool Supernova Odyssey I mission. He owned shares of, and had a long-term call options position in, Netflix at the time of publication. Check out Tim's web home and portfolio holdings or connect with him on Google+, Tumblr, or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.The Motley Fool owns shares of Netflix and Amazon.com. Motley Fool newsletter services have recommended buying shares of Netflix and Amazon.com. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.
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