Netflix Wants To Change How You Watch TVPlay
Netflix - long known for its movie offerings - is now trying to change the way you watch television.
Earlier this year, the company released the original series "House of Cards," starring Kevin Spacey.
Yesterday it announced a deal to have the Wachowski siblings, who made the Matrix movies, create an original sci-fi series.
And in May, Netflix is releasing a new season of Arrested Development, which has been off the air for six years.
When the S&P 500 reached an all-time closing high yesterday, Netflix was No. 1 overall.
But there's competition coming from other streaming video services, including Amazon and Hulu.
- Willa Paskin, writes about TV for Salon magazine. She tweets @willapaskin.
This segment aired on March 29, 2013.