The creators of Netflix built its business on the sales and rental of video cassettes, DVDs, and CDs. The primary income the company received from the sale of video materials on various media.
Netflix provided an opportunity for viewers to watch legitimate video content, which is the most extensive video library.
The development of science and technology has led to the possibility of viewing video content using “streaming multimedia” or “streaming video.”
The process of viewing video occurs using the action of “streaming video.” A user can receive streaming video from a streaming provider. “Streaming video” was first used in the early 1990s and is the best way to transfer video to date.
Since 2010, Netflix has been providing residents of Canada, New Zealand, Australia, and Japan with high-quality video content. Netflix video content is available to residents in 190 countries.
In 2017, Netflix began work on translating video content of the company’s library into all languages of the world so that all video materials stored by Netflix are understandable for the multilingual population of the planet.
A considerable number of specialists in various fields are involved in cooperation. These are translators, editors, actors.
In 2011, the company began to release its video product and increased profits. The most significant video products shot by Netflix are the television series “House of Cards,” the series Marvel.
The company’s video library is available for use by most network browsers: Android, iOS, Windows Phone, Google Chromecast consoles, and others. The basic Netflix product pricing is € 8.
The first television series released by Netflix brought fantastic success to the company. It was a “House of Cards” filmed in the political drama genre. The producer of the movie was David Fincher, and Kevin Spacey played the primary role.
Soon, Netflix began to release popular comedy shows featuring famous comedians Chelsea Hadler, Louis Cay, Jimi Jeffries, Nick Offerman, Amy Schumer, Chris Rock.
Netflix was first listed on the New York Stock Exchange in 2002, and since then its shares have jumped 8,500%.
Netflix’s market capitalization at the end of the first quarter of 2019 was USD 165 billion. Further success of the company depends on the content that Netflix will produce on its own.
Moreover, the previous experience in creating videos was very successful. In the spring of 2019, Netflix acquired the right to shoot Marquez’s famous novel, “One Hundred Years of Solitude.” Viewers expect a movie screening of the legendary story on a full screen.
The securities of the company should be purchased in the long and medium-term. One share of Netflix in early August 2019 was trading at USD 306.
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