Streaming giant Netflix, which is one of the oldest streaming service providers and original content maker. However, recently it has been into a deep competition with several other streaming service providers. As we know, Netflix holds the biggest share when it comes to paid streaming service, because YouTube is the greatest but most of the content on YouTube is free.
Netflix has decided to raise $2 billion in debt to bring in more original content. Netflix has a gigantic library and tons of original shows and movies. But still, Netflix knows that being satisfied with whatever achieved will endanger their current status. Hulu, HBO is one of the biggest threats for Netflix right now.
Hulu has geared up to make more collaborations and produce original content to grow faster. This has made Netflix worried about the competition. Not just that, Amazon is also producing new content such as “Jack Ryan” which is creating buzz.
Netflix has noted that new films and shows such as “To All The Boys I’ve Loved Before” are what viewers eye for. To provide more relevant content, they must order appropriate content and high-quality production. However, Netflix has canceled shows like Iron “Fist and Luke Cage” which has left everyone in shock. But I think that the decision was to confront Disney’s new streaming service which might affect Netflix.
So, Netflix knows exactly what it is doing, and might even have an approximate calculation on how it will help the streaming giant. If we consider viewers’ point of view, then it is surely good news for them. This will lead to more new shows and movies which will entertain the users of Netflix!