Includes
1. History
2. Several business plans of Netflix over the time of its inception to the present scenario
3. S.W.O.T analysis
4. Present Challenges.
Size: 287.81 KB
Language: en
Added: Mar 17, 2017
Slides: 14 pages
Slide Content
How an 19-year-old company created a new market through the Internet J.S Yashas March 14, 2017
Content: Introduction History Netflix Customer’s and Business S . W . O. T Analysis Strategy Conclusion
Top 10 U.S. Online Retailers Ranked By Online Sales (In Billions) In 2016 Amazon $67.9 Apple $18.3 Staples $10.4 Wal-Mart $10 Sears $4.9 Liberty Interactive $4.8 Netflix $4.4 Macy’s $4.2 Office Depot $4.1 Dell $3.6 Source: based on data from Internet Retailer, 2016b
HISTORY: Founded by Marc Randolph & Reed Hastings on Aug 29, 1997 in California. Originally a website that rented DVDs through mail posting and a traditional pay-per-rental model (P . P . R . M) In the early 2000, The P . P . R . M was dropped and launched its well-known subscription model. By 2005, Netflix had 35,000 different film titles and shipped 1 million DVDs out every day. In Feb 2007, company introduces the video on demand (V . O . D).
Major U.S. Online Movie Distributors, based on data from industry
customerS : Netflix is always customer centric strategist. Now provides online streaming to answer the needs of its customers. Today, Netflix is the market leader in streaming movies and T.V shows.
NETFLIX COMPETES IN TWO DIFFERENT MARKETS: DVD Rental Industry. Online Television & Premium Video Industry. (O . T . P . V .I ) BUSINESS:
OPPORTUNITIES: Growing Market International Opportunities
THREATS: Competition International Regulations Hollywood and other content providers
STRATEGY: 1997-2006: Creating a new business model 2007-2010: Developing a powerful platform for every needs Since 2011: Extending its business and acquiring new customers
CONCLUSION: Netflix is the perfect example of a company that uses Internet to reinvent the market although the company came as a disruptive, ahead of time, many are now trying to implement a similar business model to compete it. For Ex: The Viral Fever Videos (T . V . F) in India founded by Arnubh Kumar. While Netflix as a product is ahead by a step, the future of it is uncertain as it has given way to other competitors like Google with Google Movies and Amazon with Amazon Prime Videos also Hotstar by Star India and many more..