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Is Netflix Killing the Movie Theater?

With the proliferation of smart TVs and fast home internet connections, video streaming services experienced rapid growth over the last few years. TXN consumer spending data from a panel of over 3MM credit card accounts shows that over the past 12 months, the number of people who pay for Netflix grew by 71%, Hulu by 86% and Amazon Video by 67%: More recently, video streaming companies are making a push into purchasing and producing movies exclusively available on their services, bypassing the movie theater altogether. This has the movie theater industry worried they might lose their busin…

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