Since they are not traveling as much, Americans are "cocooning" -- they always do so during crises.
The term cocooning, invented by a woman with the wonderful name of Faith Popcorn, means people stay at home, entertaining, hanging out, and doing whatever with friends and family.
So people will be watching more movies at home.
Netflix Inc. (NASDAQ: NFLX) is the ultimate cocooning play on the need for many to rent rather than buy DVDs -- especially the new high-definition Blu-ray DVDs.
Take a look at all four Wall Street Presidents Day sales.
Michael Shulman is a contributor to OptionsZone.com.
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Reader Comments (Page 1 of 1)
2-16-2009 @ 1:57PM
p123 said...
I think redbox is better than netflix as I can have the DVD i want when i want - instead of relying on netflixs' slow delivery method. if I mail the DVD back to netflix on monday, i get a replacement on wednesday - so i ahve nothing to view on monday night and tuesday night - unless i upgrade to 3 DVDs at a time - which is a bit expensive (almost 20 bucks) as compared to redboxs' $1 a dvd.
also their streaming video collection sucks! it's made up of 11K movies you will never want to see.
honestly I don't watch more than 7-8 (max) movies a month - so redbox is great for me. for me flexibility is important - i don't mind driving to nearest redbox to get a movie (all locations have ample parking!) instead of waiting 2 days for my mail. and by the time i get netflix - i don't even feel like watching a movie - so the movie stays at my home for weeks! i have paid netflix for not viewing any movies for months once just because I had a busy schedule.