Netflix game Changing Strategy
Date: 08 Jan, 2017
Netflix, Inc. an America based entertainment company which was founded on August 29th,1997 has brought some lures to increase the turnover of the company. Though, Netflix has over 93.4 million subscriber across the globe, it's new policy is supposed to gain more 5/15 million new subscriber to it with in June/2017.
To highlight the policy, the company tied with some internet based firm and is conducting a giveaway of $100 Gift card in Netflix. According to source, people who want to get the gift card should conduct a simple survey relating to Netflix itself or some other institution. Giveaway campaign will be starting from Jan-07-2017 until June. A total of $2 million gift card is supposed to be issued to it's viewers from across the globe. We conducted a recent research and edited this article again dated Jan/08/2017 just to let our readers get the access to apply for gift cards on Netflix. You can apply for the Netflix giveaway here.
According to Forbes, "Netflix will add roughly $500 million in annual progressive revenues within the U.S. alone by 2017 with this move" and "roughly $200–250 million in progressive revenues from worth changes in international markets". However, Reuters' Felix Salmon is vital concerning Netflix's money future, noting that "any time that Netflix builds up a margin of profit, the studios can merely raise their costs till that margin disappears".
"There is no doubt that this giant entertainment company is already dominating the market, and after it's campaign all other entertainment business that streams videos on demand would starve to death" says Reed Hastings(CEO of Netflix) . Being available in almost every country across the globe, Netflix has an operating income of 380 million USD with a revenue over 8.83 billion USD. Hence, there is no doubt the company would never go in loss after this massive giveaway.