Facebook Inc (NASDAQ:FB), Apple Inc. (NASDAQ:AAPL), Amazon.com (NASDAQ:AMZN) Heading into Streaming Business to Pose Threat to Netflix, Inc. (NASDAQ:NFLX)

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Facebook Inc (NASDAQ:FB), Apple Inc. (NASDAQ:AAPL) and Amazon.com, Inc. (NASDAQ:AMZN) have also demonstrated that they want to get into the streaming business in a big way to pose a competition for striving media company Netflix, Inc. (NASDAQ:NFLX).

Apple Inc. (NASDAQ:AAPL) said it would spend up to $1 billion on content. Apple Inc. (NASDAQ:AAPL) traded 24.08 Million shares and its share price increased 1.84% to close at $159.88. Company has 0.08% insider ownership. Apple Inc. (NASDAQ:AAPL) quarterly performance is 6.53% while its year to date (YTD) performance is 38.04%.

Facebook Inc (NASDAQ:FB) said much the same thing and launched a “Watch” tab on its homepage. Facebook is reportedly a contender for the English Premiere League, while Amazon airs Thursday night NFL games.

On Monday Facebook Inc (NASDAQ:FB) share price closed at $174.52. Company net profit margin stands at 40.90% whereas its return on equity (ROE) is 22.50%. Facebook Inc (NASDAQ:FB) is -0.55% away from its 52 week high and its 52 week range is ${v52weekrange}.

On Monday shares of Amazon.com, Inc. (NASDAQ:AMZN) ended up at $1006.34. This year Company’s Earnings per Share (EPS) growth is 292.10% and next year’s EPS growth is 112.06%. Beta of Amazon.com, Inc. (NASDAQ:AMZN) is 1.43 while company weekly performance is 1.55%.

Netflix, Inc. (NASDAQ:NFLX)’s announcement comes the same day that Samsung said it would also begin investing in online TV.

In a letter to shareholders it released Monday night, Netflix said it had $17 billion in content commitments over the next few years. The company has signed deals not just to buy content but also to sign top-shelf creators who would come up with the next round of must-see shows. (In August, it lured “Grey’s Anatomy” creator Shonda Rhimes from Disney with a development deal.)

Netflix, Inc. (NASDAQ:NFLX) increased 1.60% to close at $202.68 on 16 October. Its return on assets (ROA) is 2.50% while return on investment (ROI) is 5.00%. Netflix, Inc. (NASDAQ:NFLX) price to sales (P/S) ratio is 8.58.

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