entertainment industries

Introduction

With numerous entertainment sectors vying for the attention of the ever-growing audience, movies have been a terrific kind of entertainment. Since the turn of the century, Netflix has steadily increased its subscriber base, now topping 24.4 million. This is as a result of specific functional, business, and corporate plans it has put in place, diversifying in response to the demands brought on by changes in time and technology.

The Rise of Streaming Movies

Nowadays, good movies are freely accessible through streaming on the internet, unlike the 1990s when one had to visit a theater or rent DVDs to appreciate them. 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.

Maintaining a Competitive Advantage

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' Feedback

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.

Conclusion

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.