Streaming Apps Services Dominate, Business and Industry Trends Analysis

Competition from Netflix:  Netflix.com is the largest movie and TV show rental site in the world, with more than 195 million subscribers in over 190 countries as of late 2020.  For a monthly subscription fee, users can enjoy streaming an unlimited number of movies.  Netflix’s business model initially was based on mailing DVD copies of movies to its subscribers.  This was a costly business, involving multiple warehouses and massive postage and handling expenses.  At a rapid pace, however, the firm invested in state of the art technology to enable it to focus on streaming via the internet.  While Netflix still…

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