Every year a number of Americans cut the string with their cable company. Why? Because Netflix disrupted the way in which the world watches its entertainment. It is the world’s greatest film house without any cinemas. An organization that started as a website where people could lease DVDs through the email is currently said to be the first major disruption to media outlets around the world. Its business model is constructive and skyrocketing.
The organization has explored the change from DVDs to streaming to turning into a global TV network – leaving established competitors in the dust. But, it hasn’t been without hiccups en route.
It is a motivational example of an organization that effectively moved their business model various times and developed exponentially because of that. This, this, this and this is the proof.
There are obviously new entrants in the market, for example, Hulu Plus, Amazon Prime, and Facebook Watch, but Netflix is by far the pioneer, serving 175 million subscribers and creating 11.7 billion in revenues in 2017. Here is Netflix’s growth over the last three years:
Image credit: Investopedia
You don’t see growth like this too often, right? Netflix seems best of breed in its space and that’s why we are discussing it today. Here’s everything you need to know about NETFLIX business model. Let’s get started with how it was when started:
