Different Strategies - Netflix

Movies and the Rise of Netflix

Movies have been a fantastic kind of entertainment, with several entertainment sectors vying for the market’s ever-expanding share. Since the turn of the century, Netflix has steadily expanded to have more than 24.4 million subscribers now. This is due to a number of functional, business, and corporate strategies it has implemented that diversify in response to the needs created by advancing time and technology.

The Shift to Online Streaming

In contrast to the 1990s, when seeing a decent movie required going to the theater or renting a DVD, they are now readily available online via streaming. Netflix set up the best internet movie service and grew its earnings and subscribers every year making it function effectively with the advancement of technology in this internet age.

Business and Corporate Strategies at Netflix

Some of the business and corporate strategies at work at Netflix include developing and maintaining relevant and profitable partnerships, licensing and copyrighting their original series, and regulating the cost of streaming their content.

Staying Ahead in the Entertainment Industry

The entertainment industry is continually changing and Netflix has been a major market leader from its launching the present time 18 years later. The company can maintain this competitive advantage by keeping up with the improvement in technology improving the speeds at which their content can be streamed and perfecting the quality of their series.

Listening to Subscribers

Netflix can continue to consult their subscribers gathering relevant comments and suggestions as there are many other companies such as blockbuster offering consumers similar products but subscribers can get exactly what they enjoy and would love to see improved.

The Future of Netflix

In conclusion, Netflix is a major market leader and with progress it has made since 1999, keeping up with the same pace and continuing to listen to their subscribers, there is no doubt the company’s earnings and subscribers will grow consistently.