Netflix Acquires Print the Legend Rights - Analyst Blog
Recently, Netflix (NASDAQ: NFLX), one of the world's largest Internet TV network acquired the rights for 3D printing award-winning documentary feature Print the Legend. The documentary will exclusively premiere on Netflix and can be viewed by Netflix subscribers all over the world.
Print the Legend won the Special Jury Recognition award for Editing & Storytelling in the recently held SXSW film festival. It is a documentary based on the nascent 3-D printing industry in the U.S. and its challenges.
The film deals with the people behind the machines. The documentary revolves around the various impediments that startups like Makerbot and FormLabs had to face in their struggle to survive amid giants like Stratasys (NASDAQ: SSYS) and 3D Systems (NYSE: DDD).
3D printing is considered to be a revolutionary technology as it can change the world in the truest terms by enabling people to print anything from human organs to guns. It can destroy the world's industrial infrastructure by bringing the technique to the masses.
Some of the other documentaries that Netflix has acquired include the likes of The Square, an Oscar-nominated film about political unrest in Egypt, The Short Game, about kid golfers, and The Lady in Number 6: Music Saved My Life, which is about Holocaust survivor pianist Alice Herz-Sommer. The last documentary won the Oscar in the short documentary category in 2014.
Netflix believes that these additions to its content portfolio will boost its customer base, which will drive top-line growth going forward.
We believe that the expanding content portfolio and launch in new international markets will help Netflix to counteract stiff competition from the likes of Amazon.com (NASDAQ: AMZN), and HBO.
Currently, Netflix has a Zacks Rank #1 (Strong Buy).
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