Should You Buy Netflix Stock Before Dec. 25?

The last couple of years have been transformative for streaming platform Netflix (NASDAQ: NFLX). The company has proven that it can compete with legacy media businesses through the creation of its own original content. Netflix's nascent advertising business has also demonstrated some promising results as the company seeks to diversify its business beyond streaming subscriptions.One way that Netflix has bolstered both its subscription and advertising businesses is by getting into live entertainment. Let's explore how live events are serving as the next phase for Netflix's evolution, and how one upcoming event occurring on Christmas Day is a major catalyst that could send the stock parabolic going into the New Year.As far as live events go, Netflix has deliberately chosen to focus on one specific area for now: Sports. As an avid sports viewer myself, I think this move by Netflix makes complete sense.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool