Introduction
With several entertainment sectors vying for the constantly expanding market, movies have been a fantastic kind of entertainment. Today, Netflix has more than 24.4 million customers, a significant increase since the turn of the century. This is a result of certain functional, business, and corporate plans that were set in place diversifying with the demands that occur with changes in time and technology.
Streaming Movies Online
A excellent movie may now be easily accessed by streaming on the internet, unlike the 1990s when one had to visit a theater or rent a DVD to watch one. The finest online movie service, Netflix, was established, and as its revenue and subscriber base increased each year, 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 Netflix include developing and maintaining relevant and profitable partnerships, licensing and copyrighting their original series, and regulating the cost of streaming their content. The entertainment industry is continually changing and Netflix has been a major market leader from its launching to the present. The company can maintain this competitive advantage by keeping up with the improvement in technology, increasing the speed at which their content can be streamed, and perfecting the quality of their series. 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.
Conclusion
In conclusion, Netflix is a major market leader with a growing progress since 1999. If the company will keeping up with the same pace and continue to be attentive to its subscribers' wishes, there is no doubt that company's earnings and subscribers will increase in number consistently.
