Netflix, a leading company in video streaming, is realizing their large potential for exponential growth in 2016. With an expansion to different countries marked for the first days of the new year, now the company will provide service to twice as much area as before, and large investments are waiting. One of the biggest bets for the year, Netflix has responded to world requests and to their loyal subscribers with lots of activity, development and progress.
While the well-known video transition system will be made accessible to more then 130 countries starting this year, Marcio Alaor reports.
Apparently, even in 2015 service for only 60 countries was proposed. A large expansion that would only be restricted due to North American governments blocking the company from doing business with certain countries like, Crimea, North Korea, and Syria. Marcio Alaor reports, there are plans to expand to China in 2016. However, these plans could possibly be delayed.
For this company, a country that has expanded and represents a large number of consumers, due to their large population is India. This country, where more places have Netflix and there is a strong film industry. The company acquired local characteristics, Marcio Alaor, executive of BMG Bank
reports. By offering Bollywood films to be available globally. Despite this, the country is a world exponent of pirating, as a result it is not know for sure which consumption of this market is legitimate.
Netflix, who has produced original content, like Orange is the New Black, Jessica Jones, and House of Cards, is winning over consumers, the executive of BMG Bank reports, that massive held investments in 2016 are predicted to reach 5 billion dollars reports Marcio Alaor. Recently, the company released their first feature length film, Beasts of No Nation, a film based on a novel that tells the story of a civil war.
An innovation by Ericsson together with Volvo indicates the accommodation of other sectors of video streaming on a large scale. These companies, reported by the BMG Bank executive, are developing a system to make it possible for Netflix programs to be viewed from anywhere, whether or not there is an internet connection.
In this scenario, the prediction for an increase in users and the company’s income is the best. It is predicted that from 2016 to 2020 the number of subscribers will increase by a rate of 24% a year, Marcio Alaor reports. This means that by the end of this period, the number of users would be 150 million. At that rate, profits would be 20 billion dollars.