How Does Netflix Make Money:Business Model,Works, & Revenue
Posted by ALEX JOSEPH on September 16th, 2019
Founded in 1997, Netflix has a come a long way from being the world’s first online DVD rental store with 30 employees and 925 titles available to becoming one of the world’s biggest online entertainment companies in the world, with a revenue of 15.794 billion around +5K employees. It was all made possible with two things: an innovative idea that made Reed Hastings take the risk and the company’s business model that continues to grow with every subscriber. It’s the latter part, Netflix’s business model, that we are going to discuss for now.
Founded on 29 August 1997 in California’s Scotts Valley, Reed Hastings and Marc Randolph were the force behind Netflix establishment. Hastings previously had owned Pure Software, which was sold by him for a whooping 0 million. Randolph was a co-founder at MicroWarehouse, a computer mail-order firm.
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About the AuthorALEX JOSEPH
Joined: September 11th, 2019
Articles Posted: 9
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