A Brief History of NETFLIX.
#netflix #sacredgames #historyofnetflix
Netflix is an American OTT content company founded in 1997 by Reed Hastings and Marc Randolf in Scott Valley, California.
The company's primary business is a subscription-based streaming service offering online streaming from a library of films and television series.
Earlier Netflix was a Comapany who rent Movie DVD to its customer.
Then they upgrade themselves to a large OTT platform.
Its been so long but they couldn't enter into Indian market because price of internet was very costly at that time in India.
But after JIO enters into indian telecome market in 2016 Internet data became very cheap and that was the perfect time for Netflix to Introduce themselve to Indian consumer.
Sacred Games was the first Indian web series on Netflix that really captured the viewers' attention.
Love per square foot was the first feature film to realease on Netflix India.
With best in class content and interactive app and website, netflix acquires space in the Heart of Indian Consumers.
The video streaming platform's CEO Reed Hastings had said that Netflix would invest Rs 3,000 crore on Indian content in 2019 and 2020.
They try to capture Indian market by promoting theur content by Indian Youtuber and Influencer.
As per the source, Netflix India reported revenues of Rs. 466.7 crore for FY19 with a net profit of Rs. 5.1 crore, according to its filing with the registrar of companies sourced from Veratech Intelligence.
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