The Escalating Competition Faced by Netflix
Abstract
Netflix is the biggest over-the-top media service company in the world. It provides video on demand to its paid subscribers. As of December 2021, the company has 222 million paid subscribers in more than 190 countries. The ongoing global pandemic has boosted Netflix’s revenues and profits as people have spent more time indoors. However, the growing popularity of video-on-demand services has encouraged significant competition from other providers. This paper describes how escalating competition may affect Netflix’s business model.
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References
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What is Netflix. (n.d.). Retrieved from https://help.netflix.com/en/node/412
Dean, B (2021, February 25). Netflix Subscriber and Growth Statistics: How Many People Watch Netflix in 2021?. Backlinko. Retrieved from https://backlinko.com/netflix-users
Faughnder, R. (2021, June 1). Good luck, Amazon. Unpacking MGM’s vault may be harder than it sounds. Los Angeles Times. Retrieved from https://www.latimes.com/entertainment-arts/business/newsletter/2021-06-01/mgm-amazon-and-the-value-of-hollywood-oldies-the-wide-shot
FlixPatrol. (2021). Squid Game Official Netflix Hours Viewed. FlixPatrol. Retrieved from https://flixpatrol.com/title/squid-game/hours-viewed/
How DVD Netflix works, Netflix. (n.d.). Retrieved from https://dvd.netflix.com/HowItWorks?dsrc=DVDWEB
Keys, M. (2021, May 13). Disney Plus nets 103 million global subscribers. The Desk. Retrieved from https://thedesk.matthewkeys.net/2021/05/disney-plus-hulu-espn-plus-103-million-subscribers/
NASDAQ. (2021). Netflix Inc (NFLX) Stock quote. Yahoo! Finance. Retrieved from https://finance.yahoo.com/quote/NFLX/
Netflix. (2021). Form 10-K annual report. Retrieved from https://ir.netflix.net/financials/annual-reports-and-proxies/default.aspx
Netflix, Inc. History. (n.d.). Retrieved from http://www.fundinguniverse.com/company-histories/netflix-inc-history/
Spangler, T. (2021, April 15). Amazon Spent $11 Billion on Prime Video and Music Content in 2020, up 41% From Year Prior. Variety. Retrieved from https://variety.com/2021/digital/news/amazon-content-spending-2020-1234952704/
Sperling, N. (2022, January 20). Netflix stock drops after streaming giant predicts subscriber slowdown. The New York Times. Retrieved from https://www.nytimes.com/2022/01/20/business/netflix-quarterly-earnings.html
The Walt Disney Company. (2021). Fourth Quarter and Full Year Earnings for Fiscal 2021. Retrieved from https://thewaltdisneycompany.com/app/uploads/2021/11/q4-fy21-earnings.pdf
What is Netflix. (n.d.). Retrieved from https://help.netflix.com/en/node/412
Published
2023-11-04
How to Cite
AHN, Jin Sun et al.
The Escalating Competition Faced by Netflix.
Journal of Accounting, Business and Management (JABM), [S.l.], v. 30, n. 2, p. 48-58, nov. 2023.
ISSN 2622-2167.
Available at: <https://journal.stie-mce.ac.id/index.php/jabminternational/article/view/981>. Date accessed: 22 dec. 2024.
doi: https://doi.org/10.31966/jabminternational.v30i2.981.
Section
Articles
