By BRIAN BEERS Updated Aug 6, 2020
Netflix (NFLX) is the world's top provider of streaming movies and television, with 193 million paid subscribers in more than 190 countries.1 Netflix is changing the television industry and leads competitors such as Hulu, Disney+, Amazon Prime Video and HBO.
Online entertainment companies typically rely on advertising or a subscription business model, or some combination thereof, to support their operations. For example, Hulu's basic plan combines advertising with subscription fees, though customers can also pay more for ad-free viewing.2 Netflix has chosen a business model that relies solely on subscription revenue. It offers three tiers of pricing3 that gives customers access to exclusive and non-exclusive TV shows and movies which the company has either produced itself or licensed from the content owner.
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