April 24, 2014
/PRNewswire/ -- Netflix, Inc. (NASDAQ: NFLX) Last year global movie ticket sales set a new record rising to
. Considering nearly 70% of that total came from international markets outside the US, it is safe to say that we are not the only ones enjoying our own movies. Although only up 5% from 2012, international movie ticket sales are up 33% from five years ago. Meanwhile, ABI Research put out a report earlier this year saying that worldwide pay-TV subscribers are expected to exceed 1.1 billion by 2019, aided by the help of the increasing internet protocol television (IPTV) segment. At the end of 2013, there were approximately 903.3 million pay-tv subscribers worldwide which generated nearly
in service revenue. Separately, IPTV operators reported roughly 92 million subscribers generating around
in service revenue. One company that has revolutionized the movie and TV industry while continually growing its subscriber base is Netflix – a company that nearly every person on Earth knows about and is easily identified by their bright red envelopes.
Netflix, Inc. is an internet television network with more than 48 million members in over 40 countries across the world. The company operates in three segments: domestic streaming, international streaming, and domestic DVD. Whereas the domestic and international streaming segments derive revenues from monthly subscription services consisting solely of streaming content, the domestic DVD segment (only available in the US) derives revenues from monthly subscription services consisting solely of DVD-by-mail (which includes both regular DVDs and Blu-ray discs). The company also develops its own content and original series, such as House of Cards and Orange is the New Black. Their core strategy is to grow their streaming subscription business domestically and internationally while improving their members' experience by expanding streaming content and extending streaming service to even more internet-connected devices.