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Swot Analysis Of Netflix

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INTRODUCTION

It is no secret that consumers love to hate their cable providers. Nevertheless, technology had a fast-paced evolution in the last few years and various online streaming services appeared on the market, becoming remarkable alternatives to traditional pay TV.

Nowadays, people have at their disposal a wide range of services from Netflix and Amazon Video to Hulu that allow them to watch their favourite movies and TV series at any time and thorough a multitude of devices. The time when we all depended on the living room to watch TV has long gone. Internet gives us the freedom to watch TV anywhere either we are inside the house or in a public transportation.
NETFLIX: THE MARKET LEADER

Netflix was founded in 1997 as …show more content…
To put it another way, Netflix’s main goal is to release something that appeals to each individual subscriber every single month and thus, they succeed to cover different genres and formats (Spangler). If the majority focused on a niche market, Netflix approached exactly the opposite strategy spending its seemingly unlimited resources to buy, develop and distribute a wide range of content tailored to more and more particular audiences. Besides, Netflix took this strategy to another level in 2016 when deciding to introduce more non-English language series such as France’s Marseille (2016) and Brazil’s 3 per cent (2016) (Barker and Wiatrowski). Netflix streamed internationally 80 per cent Hollywood content and 20 per cent locally produced material, while Japan was the only destination where the company opted for 50 per cent local content (Spangler). Nevertheless, Netflix has been planning to make 50 per cent of its content original with the aim of increasing the portion of self-produced shows on the platform …show more content…
Therefore, this branch has played as the company’s global business card, making the company’s retail concept known in places where it has not even begun to sell its products. Brian T. Olsavsky, the ex-Chief Financial Officer and Senior Vice President of Amazon.com, stated that Prime Video “gives us an ability to start a relationship with a customer, get them to be a subscriber of Amazon Prime Video, hopefully, and then use that for future purchases of other Amazon items” (Rubin). In effect, Amazon aims to attract customers into its world by any means with the purpose of encouraging them to spend a considerable amount of time on its platform and eventually ending up buying goods

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