In the race to be the latest streaming destination, Netflix has established a strong following amongst its customers. At the same time it has drawn ire from other online entertainment distributors and providers like Hulu. We examine some of the main differences between the two streaming services in order to understand the increased competition that has affected their business model.
Where Netflix is the most accessible, and therefore, the most visited of all the websites and web-sites, the public library is, at the same time, one of the most visited sites. What we have to learn from this article is that the customer base of Netflix and the customer base of the public library can evolve into the same category, in terms of popularity. As it is, it is only the additional factor of the location that lends both these services a competitive edge over the others. Netflix as a video streaming service on the Internet, has a wide subscriber base that does not necessarily reside within the boundaries of the United States or in any part of the world. On the other hand, a publicly funded library serves as a popular hub for patrons in general, yet those patrons do not necessarily originate from the geographic region in which the library is located.
Some of the other differences between Netflix and the other online media entertainment distributors, are as follows: Netflix is the most comprehensive Internet TV service offering the widest choice of content across different types of media. Many of the new TV shows, movies and even music videos that have become available in recent times were not able to be accessed on conventional TV stations. This may be one of the primary reasons why they became popular in Netflix.
It is also significant to note that Netflix has an international video directory in addition to the vast collection of available movies and television series. The pricing structure of Netflix is considered one of the cheapest on the market, making it one of the most attractive streaming deals for individuals who are looking for a cheap entertainment package.
Although the company is privately owned, it has invested millions of dollars in its own internal revenue. To keep pace with the growing demands for high-quality, original, high-definition movies and TV shows, Netflix is trying to develop its own libraries of movie and TV shows to rival the impressive one it has built up with the video streaming services of the other two companies mentioned above.
Netflix’s investment in technology and technological infrastructure has enabled it to become an instant online community. Users can share videos with one another in an environment that is not only unique but quite interactive, thanks to the technology at Netflix’s disposal.
In this way, the company has managed to avoid the pitfalls of the other online entertainment websites and services that were attacked by video streaming competitors who, in turn, used similar technology to attack them. For instance, YouTube was branded as a venue for “tube videos”, or pre-maturely uploaded films and TV shows. There were also more or less unfair accusations made against Hulu by online video websites which threatened to create a free competition between the two companies.
Given the scale of its investments in technology and infrastructure, Netflix is easily one of the most advanced companies in terms of its customer base and business model. It is no surprise that they have managed to grab a dominating position over all the other streaming services. We can only hope that this trend continues to expand.
- Damon Nam is Disrupting the Blockchain Industry with Emerging FinTech Company, Coin. - November 6, 2020
- Meet Entrepreneur Quinelle Holder, THe Founder of Medium Creative Agency - September 30, 2020
- Thomas Auringer: Building Buildings and Building Cultures - September 23, 2020