Conor Brophy: Has Netflix reached escape velocity?

Netflix has now passed the 100 million subscribers mark.

Investors cheered faster-than-expected growth figures revealed in its second quarter earnings release last week and the shares, already one of the best performers on the Nasdaq this year, roared higher.

Strong revenue, solid earnings and a rapid expansion across the globe which means, for the first time, the company makes more than half of its money outside the US. The figures make for good ...