Netflix – The Neoteric Business Idea Of Online Video Streaming App
Netflix, an on-demand video serving application is helping the users to browse through the worldwide unlimited stock of content without being distracted by the commercials.
The story success of Netflix started with renting out DVDs all across the US, but when the winds of digitization knocked their business door; it took a paradigm shift, keeping the basic idea of serving the entertainment intact while extending its reach to more users and personalizing in the best possible ways.
The revenue model for Netflix is simple. It charges some amount of subscription fees from the users who want to get access to unlimited content.
It can function on many gadgets and run on various operating systems like Smart TVs, Windows Phones, iOS, Android, PC, Mac OS, etc.
It is not wrong to say that Netflix is the buzz word for entertainment app development, especially in current times.