¶ … Netflix is one of the most innovative companies of 2014. They are an internet TV business. They provide online streaming content, including DVD/Blu Ray rentals shipped directly to the home of subscribers. The company's CEO is Reed Hastings. Netflix's main headquarters remain in Los Gatos, California. It boasts 2,022 employees towards the end of 2013.
A brief background reveals Netflix.com was founded on 1997 and its mission statement at the time was to offer online movie rentals. In 1999, the company began offering a selling and subscription service. That same year the secure $30 million from Group Arnaul as investment capital. In 2000, the company launched CineMatch, a personalized movie recommendation service.
In 2002, the IPO brought the company 850,000 members. In 2006, the business announced a prize of $1 million for ten percent improvement in accuracy of recommendations. In 2007, Netflix introduced streaming. In 2008, Netflix collaborated with consumer electronic businesses to allow Netflix streaming on their devices. In 2010, Netflix launched in Canada. Netflix launched in the Caribbean and Latin America in 2011.
That same year, Netflix announces Qwikster, which is a separation of DVD rentals and online streaming services. In 2013, Netflix began its original programming with the successful TV drama, "House of Cards." From there it has generated other original series and purchased rights to other TV shows. It has gained exclusives and works with movie and film companies to distribute other exclusive content.
Overall, the company has branched off into one of the best streaming sites in the world, offering exclusive and original content as well as providing affordable subscription prices. The CEO, Hastings, believes consumers should have easy access to their favorite shows and films. Netflix does this and does this well. Perhaps this is why people see the company as being innovatively fresh.
2 With the use of Netflix's streaming and DVD rental services, online piracy has gone down. Why is that? It is because it offers a culture looking for convenience, an easy option to view movies and shows without having to go through the hassle of advertisements and commercials. People want to see episodes of shows back to back. They like the idea of pausing movies to get some popcorn or answer a call. Netflix offers that and then some.
A new culture that exists in the world today are children or grew up in the era of TIVO. TIVO was a device people could use to record their favorite shows so they can skip the commercials and just watch the content. People growing up in that or were influenced by that, developed impatience when it came to watching programs. They wanted a way to watch their favorite shows, all past seasons, and either watch them for hours on end, or watch them at their own pace.
Netflix provides this and from virtually any Wi-Fi enabled device. Netflix does not have commercials in their programs. They even have an HD option and it can be seen on a TV or on a mobile phone. Thanks to the latest innovations, all it takes is a simple stick device plugged into an HD TV to watch one's favorite TV shows with no interruptions and the ability to pause and unpause at any moment.
Most people, especially in America, want convenience. They want easily accessible content; Netflix does this the best with a small, monthly subscription fee. They enable customers to have what they want in as little as few seconds. Their taste profile also gives recommendations to subscribers based on what they like the most. It is TIVO for the modern age.
3 Netflix attempts to establish itself as a convenient way to watch your favorite content anywhere and at any time. They have done well to solidify themselves as a streaming media company. When it comes to consumption and maintaining their ease of stream and DVD rental services, they sometimes undergo some problems. Cable companies for instance do now allow too much data usage from users. This is also true for mobile providers as too much data usage enables capping which means any subsequent data usage will be limited, making for slow internet and inability to stream from Netflix.
Netflix tries to explain to its users these problems and wants them to know they are not responsible for the actions of outside companies. They can provide quality HD streaming if the company providing the internet maintains a fast internet connection. Even on Wi-Fi, Netflix seems to work well. Some other hiccups come from delivery of their DVD rentals. Conditions during delivery may slow the time the DVDs get to subscribers.
Although these problems often do arise, most of Netflix's subscriber base remains...
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business strategy class, group assigned a case study. It a 12-20-page paper, responsibility write 4 pages, part write. Here teacher instruction: "A case study assigned group. Additionally a rubric showing material case study included. Competitor analysis: Strengths, weaknesses, and strategies of key industry rivals Evaluate and discuss situation When Netflix originally broke into the movie rental market, its main rival was Blockbuster, Movie Gallery and independent video rental companies. Netflix offered what was
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