About the business:
The company Netflix Inc. (Netflix) offers online movie and television streaming services. Through such an online subscription, the company supplies TV shows and movies, including original series, documentaries, and feature films, for viewing on TVs, computers, and smart applications.
Technology & Entertainment industry
To revolutionize the entertainment sector by providing its users with on-demand, subscription-based video services.
Netflix introduced a video-on-demand streaming service in 2007 at no extra cost to its subscription base. It created a straightforward, expandable company strategy and routinely invested 10% of its budget in R&D. With its unrivaled recommendation engine, the business offers a customized and pertinent consumer experience.
With a market dominance of over 85%, Netflix dominates other broadcasting juggernauts like Amazon, Hulu, and Youtube as the most popular source of digital video content. Directly following the onset of the COVID-19 epidemic, Netflix added a record 36 mn new customers.