Changing the Entertainment Industry: Netflix
Changing the Entertainment Industry: Netflix, Narcos, Orange is the New Black, and Stranger Things. It sounds like you? Most likely, you or one of your pals has a Netflix account. All of these successful television shows are Netflix Originals. When few people were familiar with Netflix a few years ago, it is now a crucial component of our home entertainment systems. However, in order to make room for the Netflix Originals, more and more popular shows and films are vanishing. The internet streaming service just just announced that it would be raising the cost of its monthly subscription in order to produce more of its own original content. How does this alter how we watch our favourite films and television shows, and how does it alter Netflix's business plan? Changing Trends When individuals wanted to watch a movie in the past, they would either buy or rent a DVD or go to the theatre. However, the widespread use of online streaming fundamentally altered this. Nowadays, streaming a m...