Netflix

Tori Morris

summary

Netflix is the world's leading Internet television network with over 53 million members in nearly 50 countries enjoying more than two billion hours of TV shows and movies.

The company was established in 1997 and is headquartered in Los, California. It started its subscription-based service in 1999. By 2009, Netflix was offering a collection of 100,000 titles on DVD and had surpassed 10 million subscribers.

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political

Netflix’s rise to become America’s most influential TV service is a rejoinder to scolds on both sides of the political spectrum who have claimed that new media will fuse politics and entertainment

social impact

Given all the faces you see glued to computers, tablets, and cell phones, you might think that people watch much less television than they used to. You would be wrong. According to Nielsen, Americans on average consume nearly five hours of TV every day, a number that has actually gone up since the 1990s. That works out to about 34 hours a week and almost 1,800 hours per year, more than the average French person spends working. The vast majority of that time is still spent in front of a standard television, watching live or prescheduled programming. Two decades into the Internet revolution, despite economic challenges and cosmetic upgrades, the ancient regime survives, remaining both the nation’s dominant medium and one of its most immutable.


Netflix may have its disadvantages, however, because with such easily accessible enterainment.

economic

Netflix has a market capitalization of $4 billion, on 2009 net income of just $116 million. That’s about $325 per subscriber, even as each subscriber generates on average about $145 in revenue and $10 in net income per year.


Making all other similar companies struggle as compared competitors.