IF Quiz 1
IF Quiz 1
IF Quiz 1
Answer:
I think Netflix should use the following methods to overcome its
challenges:
Partner with Multichannel Television Provider
(Netflix will be able to provide its members with access to
additional TV series, offering exclusive content, it is a necessity for
Netflix to continue to expand its content library and make it
accessible across multiple channels.)
Continue International Expansion
(There are many territories that Netflix need to target like China.
This will provide advantage to Netflix, related economies of scale,
and early mover benefits in many international markets.)
Leverage offline streaming Technology
(Allowing customers to offline buffer content to view when
internet is unavailable will attract more customers. Customers in
India often don’t get to view online streaming content in many
areas as it consumes maximum bandwidth.)
Q. 3: Give an overview of Netflix current position of worldwide
business. (latest 2020/2021)
Answer:
Netflix currently has 203.66 million subscribers as of today.
Netflix generated $24.99 billion in 2020.
Netflix has 5,415 content titles in their US library.
63.7% of Netflix subscribers are based outside of the US &
Canada.
In 2020, 80% of the most watched original series in the US
belonged to Netflix.
Netflix subscribers spend an average of 3.2 hours per day
watching content on the platform.
Netflix’s mobile app for iOS & Android was downloaded 19 million
times in January 2021 alone.