Explainers

Netflix – Entertainment At Our Fingertip

April 26, 2021

Netflix – Entertainment At Our Fingertip

The Go-To Question For All: What Are You Binging? With the Covid-19, what seemed like a never-ending lockdown gave OTT platforms a much-needed boost for their businesses.

With work from home shenanigans, the only resort people had to escape from the monotonous life was to latch on to series and movies on the OTT platforms.

Globally, millions of people stayed entertained by Netflix shows such as Tiger King, The Crown,
and Regency romp Bridgerton

The diversity of shows on Netflix is what would likely help the streaming shark to continue to grow, both at home and abroad, in the face of growing competition.

A Walk Down the Lane

Netflix was first founded in August of 1997 by two serial entrepreneurs, Marc Randolph and Reed Hastings.

The company began out in Scotts Valley, California, and has grown to become one of the world’s leading internet entertainment platforms.

When it first opened, Netflix was purely a movie rental service. Users ordered movies on the Netflix website and received DVDs in the post. When they were finished with them, they would simply post them back to Netflix in the envelopes provided.

But who knew Netflix would go on to become an online video streaming giant with over 150 million paid subscribers in over 190 countries around the world.

Here’s a snapshot of its latest performance

Disclaimer – This content is purely for informational purpose and in no way advice or a recommendation.

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