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Business, 05.02.2021 21:40 sophiateaches053

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Netflix is an American public limited company that sells subscriptions to its online video streaming services. A subscription allows consumer in over 190 countries to stream television programmes and films through the internet

In 2016 Netflix decided to increase the price of its standard UK subscription from 5.99 to 7.49 per month. This move reflected Netflix's shift toward producing more of its own original streaming content, such as the hit drama 'Stranger Things', rather than repeating shows that are available on terrestrial channels such as BBC1 or itv1.

In recent years, the online streaming market has become increasingly competitive with rivals such as Amazon Prime, investing $180 million on 36 episodes of 'The Grand Tour'. To keep up, Netflix has commited itself to spending $6bn on new, original programming in 2017.

Netflix faces the difficult of raising prices to fund new shows, whilst at the sime time not putting off new and existing subscribers. However, Netflix continues to expand and build up its library of programmes and films from non-English speaking countries. Netflix's longer-term aim is to successfully enter the Chinese market.


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Netflix is an America
Hey, would love some help with these 3 questions!

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Netflix is an America
Hey, would love some help with these 3 questions!

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Netflix is an America

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