Can shows like 'Black Mirror' help Netflix reach $1T valuation by 2030?

Netflix has changed the way we watch TV and now it wants to change its spot on Wall Street

The company is chasing a trillion dollar valuation by 2030, but as streaming competition heats up

can the content still keep up? The streaming giant is betting on more revenue, more subscribers

and a bigger ad business to help it scale. According to the Wall Street Journal

those goals are part of a broader push to more than double its value. Netflix is currently valued

at approximately $419 billion in hopes to hit $1 trillion within the next five years

But not everyone on Wall Street is convinced. According to Barron's, ysts are expecting

Netflix's annual revenue to hit $72.8 billion by the end of 2030, which would fail to meet

their 100% growth target. But as the company tries to scale, their original content continues

to spark conversation, especially when fiction starts to mirror real life. Take Black Mirror, for instance. The show returned April 10th with strong reviews and its trademark brand of tech-driven dystopia

But Season 7's premiere episode hit a little differently because for some, it felt eerily close to reality

A heads up as this next part includes plot details from the Season 7 premiere of Black Mirror

In Episode 1 a woman with a terminal brain tumor has her consciousness streamed back into her body through a tech company but only if her husband keeps up with an ever subscription cost

As the tears get more expensive, her mind is flooded with ads and their lives spiral into

financial ruin. That concept resonated even more after a viral Twitch live stream

Streamer Isadora let viewers control a real-life version of Chinese water torture

by donating virtual currency. The more they gave, the faster the cold water dripped on his forehead

The stunt drew over 430,000 views and immediate comparisons to the Black Mirror episode's themes of monetized pain and digital spectatorship

Isidore's Twitch account is currently suspended due to a violation of Twitch's community guidelines

The specific reason has not been confirmed. But with Netflix cracking down on password sharing, rolling out an ad supported tier and even raising subscription prices, some think a possible recession could help

This was evident in the recession following the COVID-19 pandemic when Bloomberg reported Netflix saw more than 15 million new subscribers in early 2020

The logic is if more people are staying home instead of going out, they might just hit play a little more often, which in turn could help Netflix get closer and closer to the one trillion club

With Straight Arrow News, I'm Kennedy Felton. Download our app or visit san.com for more