SeventyMM Is Not Dot Com Sequel

October 17th, 2006 Davis Posted in Movies, Disclosure - I own stock in co. mentioned, Netflix |

Over the last few years, we’ve seen a number of Netflix clones pop up in the US and overseas. While there have been plenty of rumors that Netflix may end up expanding internationally, Netflix management hasn’t wanted to expand outside of the US.

Part of the reason why is that it takes a very efficient postal system in order to properly run a DVD by mail program, but also because the growth has been so significant in the US that Netflix hasn’t needed to turn to international markets for expansion. Where Netflix has been reluctant to provide service though, other companies have sprung up to fill this void. One of the more interesting companies has been SeventyMM, which in addition to having some pretty interesting promotions and some healthy growth expecations, they also apparently have a connection to Seattle as well. Apparently the company’s managing director is Raghav Kher who is a former Microsoft employee and an entrepreneur left over from the dot com days.

SeventyMM may be a young company, but I don’t think that this is going to be another dot com bust for Kher. Already they are the largest DVD by mail provider in India and there is little doubt in my mind that India still has a lot of potential for the DVD market to grow. While international sales of DVDs have taken a big hit from piracy, between India’s blistering stock market, their keen interest in Bollywood films and the current demographic shift into the middle class, SeventyMM may end up being an interesting company to keep an eye on.