In this article we are going to read about the biggest companies competing with Netflix, based on Insider Monkey’s latest article. Netflix is famous for revolutionizing streaming. The company was launched in 1997, and at that times it operated in renting out DVDs. Then the owners managed to sell the business for $700 million and got the idea of Netflix. At the beginning the company had around 1,000 titles and only 30 employees, but actually the business started to grow very quickly and they formed a subscription method, which it still employs today. Customers didn’t have to pay for each DVD, instead they paid a monthly monthly subscription fee and they could in exchange rent as many titles as they wanted. It was so successful that the this rental model was entirely phased out by 2000.
Then, in the 2000s Netflix moved to streaming, since the internet became available in more and more households. Due to this, Netflix started to spread in lots of countries all over the world, and now it can boast with nearly 200 million of subscribers across the globe, becoming a very lucrative company. It’s also known to be the first to bring niche international shows into the mainstream.
So what are the the biggest competitors to Netflix according to Insider Monkey? Well, let’s see two of them right now! At first, AT&T is on the fourth spot on the compilation. HBO Max is well-known all over the world, and is owned by AT&T. It can account lots of success as HBO is on demand. It has always been successful, but since the whole world is choking under the grip of the COVID-19 pandemic, it has become more attractive for tens of millions of people. Good old Disney stands on the second spot, which is absolutely not surprising. It’s available in the United States, Europe, Asia, India and Oceania. Hulu is also owned by Disney which can boast with 38.8 million subscribers. If you are interested in the entire article of the biggest companies competing with Netflix, please click and jump to the link.