Jul 22, 2018
How Netflix went from pioneer to powerhouse
Netflix had fewer than 1 million subscribers at the end of 2002, its first year as a public company. Netflix subscribers now outnumber those for pay TV in the US, with similar trends in evidence in other countries. The decline in pay-TV subscriptions, which has coincided with a surge of advertising on platforms like Facebook, has hurt traditional media companies, which increasingly view Netflix as a threat. That could mean challenges for Netflix in the years ahead, as they stop licensing content to Netflix and focus on their own online streaming services. Much of the growth since 2012 has accompanied a rising stock market; even so, Netflix stands out.
Related companies
Make a complaint about Netflix by viewing their customer service contacts.
