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A PROJECT SUBMITTED TO
UNIVERSITY OF MUMBAI
SUBMITTED BY
ARUSA ARIF BALBALE
1
A PROJECT ON
A STUDY ON MARKETING TOOLS OPTED BY NETFLIX
UNIVERSITY OF MUMBAI
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DECLARATION
I the undersigned Miss Arusa Balbale hereby, declare that the work embodied in this
project work titled “A study on marketing tools opted by Netflix” forms my own
contribution to the research work carried out under the guidance of Prof Shefali Sharma
is a result of my own research work and has not been previously submitted to any other
University for any other Degree/ Diploma to this or any other University.
Wherever reference has been made to previous works of others, it has been clearly
indicated as such and included in the bibliography.
I will abide and take all responsibility of all issues related to plagiarism/self-
plagiarism under UNIVERSITY GRANTS COMMISSION (PROMOTION OF
ACADEMIC INTEGRITY AND PREVENTION OF PLAGIARISM IN
HIGHER EDUCATIONAL INSTITUTIONS) REGULATIONS, 2018
I, here by further declare that all information of this document has been obtained and
presented in accordance with academic rules and ethical conduct.
SIGNATURE OF LEARNER
Certified by
INTERNAL GUIDE
3
ACKNOWLEDGEMENT
To list who all have helped me is difficult because they are so numerous and the depth
is so enormous.
I would like to acknowledge the following as being idealistic channels and fresh
dimensions in the completion of this project.
I take this opportunity to thank the University of Mumbai for giving me chance to do
this project.
I would like to thank my Principal, DR. AJIT KURUP for providing the necessary
facilities required for completion of this project.
I take this opportunity to thank our Coordinator MRS. SHIKHA PANDEY, for her
moral support and guidance.
I would also like to express my sincere gratitude towards my Project Guide PROF.
SHEFALI SHARMA whose guidance and care made the project successful.
I would like to thank my College Library, for having provided various reference books
and magazines related to my project.
Lastly, I would like to thank each and every person who directly or indirectly helped
me in the completion of the project especially my Parents and Peers who supported me
throughout my project.
4
A STUDY ON MARKETING
TOOLS OPTED BY
NETFLIX
5
INDEX PAGE
1. CHAPTER-1
INTRODUCTION 8
1.1 Abstract/Executive Summary 9
1.2 Purpose/ Objective of the Study 10
1.3 Scope and Limitations 11
1.4 Conceptual Model 13
2. CHAPTER-2
LITERATURE REVIEW 14
2.1 About Industry 15
2.2 About the company 25
2.3 SWOT Analysis 36
3. CHAPTER-3
RESEARCH DESIGN 40
3.1Type of Research 41
3.2 Research Method 41
3.3 Types of Data 41
3.4 Sample Size 42
3.5 Sample Method 42
3.6 Data collection Method 42
4. CHAPTER-4 43
Classification & Tabulation of Data 44
6
5. CHAPTER – 5 51
Analysis & Interpretation of Data 52
6. CHAPTER - 6 73
6.1 Findings 74
6.2 Conclusions 76
6.3 Recommendations 79
7. ANNEXURE - 7 82
Questionnaire
8. BIBLIOGRAPHY 87
7
CHAPTER-1
INTRODUCTION
8
EXECUTIVE SUMMARY
Netflix is a media service provider which allows people to use subscription based
streaming service. As it was started in 1997, it has over 154 million subscriptions
excluding the unpaid trials. Netflix has managed to have net worth of 16 billion. It
actually targets youngsters and has its own series.
Through this project an attempt has been made to study the level of awareness of Netflix
among people today.
An attempt is also made in order to determine how is it actually affecting today’s world.
There has been various impacts that needs to be studied and through this study how
much are youth impacted will be studies
An attempt is also made to analyze its growth in India since introduction. This will help
us to analyze the growing market in India.
There is an attempt to study the promotional and pricing strategies used by the brand in
order to gain more subscribers.
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OBJECTIVE OF THE STUDY
The main aim of the study is to study about the marketing tools opted by Netflix.
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SCOPE OF THE STUDY
The scope of research will help us to understand the marketing tools that are
used by Netflix by using various questionnaire, surveys, people’s opinions, our
perception and knowledge.
The survey was confined to people staying in Navi Mumbai. So the report
prepared is based on area wise.
The study covers the information about
a) The marketing tools opted by Netflix.
b) The sample size is 100.
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LIMITATION OF THE STUDY
12
CONCEPTUAL MODEL
13
CHAPTER-2
LITERATURE REVIEW
14
ABOUT THE ENTERTAINMENT AND
CONTENT STREAMING
INDUSTRY
Over the past twenty years, the entertainment industry has evolved to get advantage of
the many technical trends and innovations, together with the transition from analog to
digital content, growth in broadband speed and subscriber base, a rise within the forms
of devices supporting content playback, and therefore the transition from physical
media to network delivery via streaming and downloading. The mobilization of content
consumption permits for entertainment on the go — anytime, anywhere, on any device.
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ENTERTAINMENT INDUSTRY:
Since 90’s, digitization of content has modified creation and delivery of music. Another
disruption in 2000s, the increase of the web was a game changer for all the sub-verticals
of the trade. Presently, social media has been instrumental in shaping this media. The
M&E sector was valued at Rs. 2,64,588 crore in 2018.
Traditionally, content creators decided about what to supply. The new age client not
solely demands what they like, however conjointly within the format they like, in
addition, they also want to customize the content to their preferences.
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TYPES OF ENTERTAINMENT INDUSTRY:
The radio and tv broadcasting trade consists of 2 differing types of firms. There are
public service broadcasters, wherever the funding is through public cash, and
commercial broadcasters, which are funded through advertisement spots
Other varieties of broadcasters are cable and subscription or fee-based programs that
have a a lot of slim focus, such as sports, education, and youth-oriented programming.
Streaming media services means that multimedia services provided by the internet
service provider given to the end-user. Streaming media services facilitate on-demand
or time period presentation and distribution of audio, video, and multimedia content
across a communications route such as Internet or a dedicated IP network managed by
a service provider. Streaming media services allows end-user to receive audio, video,
and multimedia content without downloading the files to their systems. In the past few
years, the streaming media services has evolved as a significant section of the web
expertise for each enterprise users and customers. First introduced in 1995, streaming
media was designed with a goal to get rid of the long wait times involved in
downloading digital media content. (as the streamed media, audio and video, are played
as soon as the data connection is commenced). The prevailing handiness of high speed
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web access has accelerated the adoption of streaming media services, further reducing
the lag time in content delivery and thus improving the user's overall experience.
India is that the quickest growing amusement and media market globally and is
predicted to stay that momentum. Our analysis shows that within the next 5 years Asian
nation can see important growth in immoderate (OTT), online gaming and Internet
advertising. Growth in these sub-sectors spurs from the growing trends around
personalization and accumulated medical care
Consumers control their own media consumption through an expanding range of smart
devices and personal selection of channels using OTT services. The soon to arrive 5G
networks will create further use cases, enhance user experiences and create disruptions
leading to newer business opportunities companies are finding that it makes sense to
give different options: all-you-can-eat offerings with unlimited usage in some areas,
tiers of payments for different services in less developed markets, and competing on
affordability. Content creators and distributors are devising new ways to appeal to
consumers as individuals and marketers are figuring out how to meet consumers at the
point of consumption and point them instantaneously towards purchase.
The Indian Media and amusement (M&E) trade could be a sunrise sector for the
economy and is creating high growth strides.
Indian media and entertainment (M&E) industry grew at a CAGR of 10.90 per cent
from FY17-18. As of 2018, Asian nation is that the tenth largest marketplace for OTT
within the world with overall revenue standing at Rs. 4,462 crore. Subscription-based
video-on-demand platforms are projected to grow at a CAGR of 23.33% to reach Rs.
10,712 crore between 2018-2023. The thirty four players gift within the untidy OTT
market comprise each yank platforms like Netflix and Amazon Prime Video
additionally as native Indian services like ZEE5, VOOT, Eros Now and ALTBalaji.
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Content today is being made major Indian languages besides Hindi and English.
Content creators will have to work towards creating narratives that cater to each of these
markets.
Several business organizations are utilizing streaming media services for delivering
displays, seminars, and training activities. Similarly, academic establishments are
promoting e-learning initiatives by providing on-line work to expand their academic
presence.
The business organizations and educational institutions are also witnessing a swift
adoption of streaming media services and are anticipated to continue adopting these
services during the forecast period.
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COMPETITORS
Platforms available: Web, Android, iOS, Xbox, PlayStation, Fire TV, etc.
Prime Video, the streaming service by the e-commerce large Amazon is another talked
regarding name among those that need Netflix alternatives in India.
The nature of the content on Prime Video is quite diverse with movies and TV shows
in English as well as in different regional Indian languages to watch titles on big
Screens, users will select Amazon fire TV, use Chromecast on a desktop, or mirror your
android phone.
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2. Hotstar
Ideal for watching Game of Thrones, streaming cricket matches, watch movies online,
Indian daily soaps.owned by Star India, Hotstar is one amongst the most effective
streaming sites in India that primarily options movie industry movies and television
shows.
But people also visit Hotstar to watch cricket matches online as the sports has wide-
spread reach across the country. The video streaming service offers something for users
loving International content. Hotstar includes nice titles from HBO, Showtime, ABC,
etc and also streams live sports and news channels.
Prices are Free for Most of the international content not included. Premium: 199/mo,
First month free. Offer: INR 1200 (for 12 months)
3. Jio Cinema
Platforms: Web, Android, iOS, etc. and Ideal for Streaming movies and music videos.
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As you might have already guessed, JioCinema is a streaming service run by the young
mobile carrier Jio which revolutionized the entire nation’s internet in just one year. The
video quality of the content is optimized according to the network speed, but it would
have been better if a dedicated option was present.
On mobile devices, users will build the films offline to avoid network-related irruptions.
4. Voot
Platforms are Web, Android, iOS and Ideal for Streaming Indian TV shows.
The streaming service owned by Viacom 18 provides on-line access to shows airy on
their TV channels together with colors, MTV, nickelodeon, etc.
The catalog any expands to incorporate varied Indian movies. Voot features a dedicated
youngsters section wherever it tries to take care of associate air of nostalgia by
providing shows like Powerpuff girls, Mr.Bean, Pokemon, etc.It conjointly provides its
own set of internet series underneath the brand Voot Originals.
Pricing: Free
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5. Sony liv
Platform: Web, Android, iOS and is Ideal for Streaming free movies and television
shows, streaming like cricket matches.
The TV shows aired on varied channels travel by Sony pictures Networks India notice
an area on the streaming service called SonyLiv.
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It gives various options sports content, many Indian-language movies, and international
movies in the streaming Regarding user experience, the service doesn’t stand in front
of big names like Netflix, but it’s a good deal if one wants to stick to the free content
Pricing are Free, INR 120 for 3 months, INR 399 for 1 year.
6. Alt Balaji
It has now emerged as one of the most popular online video streaming services in
India, credit goes to its youth-oriented content and the cheaper Internet plans in India.
These are the TV shows and movies that are generated by ALTBalaji originally. ALT
Balaji is a subsidiary of Balaji Telefilms Ltd. owned by Ekta Kapoor. Reliance
Industries conjointly features a 25th stake in Balaji Telefilms.
Prices are Rs.100 for 3 month subscriptions and Rs.300 for 12 months subscription.
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ABOUT NETFLIX
History
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Company Profile
By creating a loyal user base, this original content has been a huge key for its Success.
Around the same time, Netflix also started uploading entire seasons of established TV
series at once, essentially creating the binge-watching atmosphere, in contrast to
Basic information:
Found: August 29, 1997 i.e., 21 years ago in Scotts Valley, California
Area served: Worldwide except Mainland China, Syria, North Korea and Crimea
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Mission:
Our core strategy is to grow streaming subscription business domestically and globally
and we are continuously improving the customer experience with a focus on expanding
our streaming content, enhancing our user interface and extending our streaming
service to even more internet-connected devices, while staying within the parameters
of our consolidated net income and operating segment contribution profit targets.
Vision:
Values:
Judgment
Communication
Curiosity
Courage
Passion
Selflessness
Innovation
Inclusion
Integrity
Impact
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Growth of Netflix over years and its position:
Netflix is currently the dominant company within the relatively young on-
demand media business. It was created in 1997.
By providing on-demand content, creating compelling original programs,
exploitation user knowledge to raised serve customers and holding customers
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Another innovation of Netflix has been to mine for user knowledge sharply.
Netflix conjointly uses this knowledge to see what style of original content the
corporate ought to produce, and what genres and talents it should pursue.
This has crystal rectifier to Netflix having a high success rate in producing hits.
Netflix conjointly forced the TV trade to vary its ways in which by giving
customers the flexibleness to consume content within the precise means they
need supported their wants.
This has modified for the most part because of Netflix, whose success has been
deemed an existential threat for the TV industry.
Many customers have already cut the wire from existing cable, as the cost of a
Netflix subscription is about 20% of that of most cable packages.
Further, there are no annoying ads.Many area unit operating to overtake Netflix,
and the company faces competition from other digital operators like Amazon
and Google. But that is more proof that Netflix has broken the mould for the
way tv is created, watched, rated – and the way ratings it influences..
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Marketing in Netflix:
Product:
Price:
Netflix offers a free month trial offer and asks for various subscriptions pack
later. There is a pack of 199 (1 screen) per month only for mobiles which is an
new introduction to the packages lately. Earlier it was 599 (1 screen) per month,
650 (2 screens) per month and 799 (4 screens) per month. This new introduction
of 199 pack has lead to growth. It doesn’t follow differential pricing techniques
but it follows mass media.
Promotion:
These trial subscriptions are a way of promoting Netflix and hence they aimed
at high customer value and loyalty. It helps in deciding them if they would like
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to continue to the party. It paced various ads, banners, apps like Inshorts etc. It
also contacts through social and interests marketing.
Place :
It provides a place to the youngsters, kids and Adults. They are receive their
products in a process through various channels like Tv, banners, etc.
All the content is easily available on Pc, Amazon fire stick, mobile
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Advantages of Netflix:
No commercials:
Its annoying than a bunch of commercials that interrupt the movie or a TV show
you are watching. Netflix is commercial free and it means that when you find
a film or a show you want to watch and click Play, you will watch it without
being interrupted by ads.
Original program:
If you're keen on to look at TV shows and films and you will love what Netflix
has to offer. There is standard video content within the library and a lot of.
Netflix has distributed a good vary of original TV shows, movies and
documentaries. When you sign on for a free-trial amount, make sure to watch
some of the Netflix’s original program. You will find true gems there, and
maybe some of the movies or tv shows will become your favorites.
You can transfer the content and watch it offline
Netflix currently permits users to transfer the content and watch it offline:
This is such a great option, especially if you are planning to go on a road trip
with friends or on a vacation. Perhaps you won’t have a great internet
connection, so you won’t be able to stream the shows and movies. Netflix
created positive that you just get to relish notwithstanding wherever you're.
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Different membership plans:
Another advantage of Netflix is that you just will opt for a membership set up
that's ideal for you. You can downgrade or upgrade anytime you want. There
are three plans: basic, standard and premium. Each plan comes with different
options. For instance, Ultra HD is available only with the Premium membership
plan. The first month is free for all the plans and you can cancel the membership
whenever you want. membership set up that's ideal for you.
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It is affordable:
Netflix really is affordable. The price of the fundamental set up with Coyote
State resolution is $8, basic (HD) is $10, and premium (HD and Ultra HD) is
$12. For instance, with the premium plan, you can watch on 4 screens at the
same time, which makes this plan ideal for families
Fantastic experience:
Once you are trying Netflix, you'll come back to the conclusion it very offers
an incredible expertise. You won’t have to wait for the specific part to load. All
this with a decent internet connection. Moreover, you add and create a list of
your favorite movies and shows. You also get to explore new content.
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35
SWOT Analysis
objective. A SWOT analysis may be incorporated into the strategic planning model.
36
1. Strengths
Brand Name: 10 years and Netflix has become the only real brand for on-line
streaming content with a share increment of over 6000% since 2007.
Giant client base: Through serving a hundred ninety countries, Netflix has
access to over a hundred million subscribers.
Original content: Netflix have secured numerous original shows that have
appealed to audiences which has created a buzz.
Global presence: Netflix started increasing globally in 2016. Within just a
couple of years, its network and parsec has grown to quite 190 countries from
where quite 139 million users watch shows and films .
Growing company with an excellent culture: Netflix is an innovative and fast
growing company that is enjoying high level popularity throughout the world.
The company has seen its revenue and customer base grow faster in the recent
years.
Adaptability: Netflix adapted to various technologies instantly by providing
streaming on all internet-connected devices like personal computers, iPads,
mobile devices, and televisions. Due to this, their business grew immensely over
the years.
Competitive Pricing: The pricing strategy of Netflix has given it more benefit
over its competitors. The plans that Netflix makes are affordable and offer great
value. Subscribers can watch unlimited movies for an affordable price.
2. Weakness
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Environmental cost: The D rank has garnered bad publicity for the corporate as
rival competitors Amazon and Facebook use over 40% renewable energy with
their services.
Huge operating costs: To differentiate its products and services from its
competitors it has focused on creating more and more original content. While
this has led to growth in popularity and demand, producing original content is
overall a lot more expensive than licensing. This has led to higher operational
costs.
Debt – Netflix is serving its diversified content in many countries round the
world which needs huge amounts of cash .
3. Opportunities
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Niche Marketing: Niche marketing has been proven beneficial for Netflix to
give many language options. For example, it started an original TV series
‘Sacred Games’ in India, which is a massive hit.
4. Threats
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CHAPTER-3
RESEARCH DESIGN
40
3.1 Type of research:
Descriptive research
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3.4 Sample size:
To obtain the representative sample, a non probability sample can be drawn. In this
study the method of selecting sample is random i.e. it is non probable. Non-probability
sampling is a sampling technique where the samples are gathered in a process that does
not give all the individuals in the population equal chances of being selected.
The tools used for analyzing data are rating method; graphs, pie chart etc. Questionnaire
was distributed to the individual respondent and special care was been taken to make
him/ her feel comfortable so that, he/she could answer all the questions. This method
was followed to get unbiased answers.
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CHAPTER-4
43
1. Name
100 respondents
2. Age
18 to 30 88.2%
30 to 40 4.7%
More than 40 0%
TOTAL 100%
3. Gender
Male 51%
Female 49%
TOTAL 100%
4. Occupation
Student 77.5%
Business 5.9%
Home maker 1%
Other 3.4%
TOTAL 100%
44
5. Income
TOTAL 100%
Yes 75.5%
No 24.5%
TOTAL 100%
7. Do you have access to any subscription based video streaming app like
Netflix, Amazon?
Yes 76.5%
No 23.5%
TOTAL 100%
Yes 71.6%
No 28.4%
TOTAL 100%
45
9. How did you come to know about Netflix?
Television 5.9%
Newspaper 1%
Other 8.8%
TOTAL 100%
1year 16.7%
TOTAL 100%
Series 84.3%
Movies 11.8%
Others 3.9%
TOTAL 100%
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12. What was the recent show/ movie you saw?
Others 73.5%
TOTAL 100%
Netflix 55.9%
Hotstar 21.6%
Amazon 14.7%
Other 7.8%
TOTAL 100%
TOTAL 100%
47
15. Do you have siblings/ friends who also likes using Netflix?
Yes 92.2%
No 7.8%
TOTAL 100%
16. Do you like the pricing of the subscription plans offered by them?
Yes 52.9%
No 47.1%
TOTAL 100%
TOTAL 100%
18. Did you use the free one month subscription offer by Netflix?
Yes 65.7%
No 34.3%
TOTAL 100%
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19. What made you subscribe Netflix?
Shows/Content 63.7%
TOTAL 100%
TOTAL 100%
Satisfied 22.5%
TOTAL 100%
22. What would you rate Netflix? (1 BEING BAD AND 5 BEING
EXCELLENT)
1 (Bad) 2.9%
49
2 3.9%
3 15.7%
4 38.2%
5 (Excellent) 39.2%
TOTAL 100%
50
CHAPTER-5
ANALYSIS AND
INTERPRETATION
51
1. Age group
AGE
Interpretation:
From the above given chart it can be interpreted that 6.9% of sample population
was from less than 18 % years of age group and 88.2% of sample population was
from 18 to 30 years age group.
4.7% sample population was from 30 to 40 years age group and 0% of sample
population belonged to above 40 years age group.
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2. Gender
GENDER
Female
49%
Male
51%
Interpretation:
From the chart it is interpreted that 51% of the population was Male and 49% of the
sample population was female.
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3. Occupation
Occupation
77.50%
80.00%
70.00%
60.00%
50.00%
40.00%
30.00%
20.00% 10.90%
5.90% 3.40%
10.00% 1%
0.00%
Student Self Employed Business Home Maker Other
Occupation
Interpretation:
From the chart it is interpreted that 77.5% of the sample size was Students and the least
was Home maker which was 1%. 10.9% of the population belonged to Business and
5.9% was Self employed.
54
4. Income
INCOME
79.40%
10.80%
6.90%
Nil to 15000 2.90%
15000 to
30000 30000 to
50000 More than
50000
Interpretation:
From the chart it shows that 79.4% of the population belonged to the category of Income
group Nil to 15000 while 2.9% of the population size belonged to the income group of
more than 50000.
10.8% of the sample was in the category of 15000 to 30000 and 6.9% of the population
is in the category 30000 to 50000.
55
5. Do you watch Television?
25%
75%
Interpretation:
From the above chart, it is interpreted that 75.5% of the sample population watches
television and 24.5% of the them doesn’t watch television.
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6. Do you have access to any subscription based video streaming app like
Netflix, Amazon?
80.00%
60.00%
40.00%
20.00%
0.00%
Yes No
Interpretation:
This interprets how much of the population owns subscription based apps.
From the chart it is interpreted that 76.5% of the population size do have access to
subscription based video streaming apps.
While 23.5% of the sample population doesn’t have access to such apps.
57
7. Do you use Netflix?
No
Yes
Interpretation:
According to the above chart, it is interpreted that 71.6% of the sample population uses
Netflix.
58
8. How did you come to know about Netflix ?
Interpretation:
Through this chart, it is interpreted that 82.4% of the sample size came to know about
Netflix due to social media being the highest and 1% by Newspaper being the least.
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9. How long have you been using it?
60.00%
50.00%
40.00%
30.00%
20.00%
10.00%
0.00%
Few months 1year More than a year
Interpretation:
This chart interprets that most of the population has been using Netflix only from few
months.
There are 16.7% of the population using Netflix from 1 year and 23.5% of the
population is using it for more than a year.
60
10. What do you like watching in Netflix?
12% 4%
Series
Movies
84% Others
Interpretation:
This chart interpreted that most of population preferred watching which is 84%.
12% of the sample size preferred watching movies and 4% preferred others on Netflix.
61
11. What was the recent show/ movie you saw?
80.00%
70.00%
60.00%
50.00%
40.00%
30.00%
20.00%
10.00%
0.00%
Stranger things
Sacred games
13 reasons why
Others
Interpretation:
According to the chart, Most of the population group watched Sacred Games recently
which was by 13.5%.
Stranger things was viewed by 3.8% of the population and 8.8% of the population saw
13 reasons why. While the 73.5% of the population preferred others.
62
12. What do you use the most?
50.00%
40.00%
30.00%
20.00%
10.00%
0.00%
NETFLIX HOTSTAR AMAZON OTHER
Interpretation:
From the chart it is interpreted that most of the sample size ie, 55.9% preferred using
Netflix the most.
Hotstar and Amazon is preferred 21.6% and 14.7% respectively. While rest of the
population ie, 7.8% of the population preferred others.
63
13. What is the average time you spend on Netflix?
More than an
hour
About an hour
Interpretation:
The above chart interprets that 54.9% of the sample population spends about an hour
on Netflix.
64
14. Do you have siblings/ friends who also likes using Netflix?
No
8%
Yes
92%
Yes No
Interpretation:
From the chart it is understood that 92% of the population have social groups and family
that also prefer watching Netflix.
65
15. Do you like the pricing of the subscription plans offered by them?
54.00%
52.00%
50.00%
48.00%
46.00%
44.00%
Yes No
Series1
Interpretation:
From the above chart, it is interpreted that 52.9% of the population actually like the
subscription plans offered by Netflix.
47.1% of the sample size doesn’t think that the plans offered by them are suitable for
them.
66
16. Which plan do you use?
24%
199 per month
499 per month
48%
650 per month
9%
800 per month
19%
Interpretation:
From the above pie diagram, it is understood that most of the population preferred
purchasing plan of 199 per month which was 48%
19% of the population preferred 499 per month plan while 9% of the people preferred
650 per month plan.
Second highest plan preferred was 800 per month which is used by 24% of the sample
size
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17. Did you use the free one month subscription offer by Netflix?
No 0.343
Yes 0.657
Interpretation:
From the above bar diagram it is interpreted that 65.7% of the sample population
actually used the free one month subscription plan offered by Netflix.
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18. What made you subscribe Netflix?
0.637
0.284
0.078
Interpretation:
From the chart, it is interpreted that most of the population ie, 63.7% of the sample size
actually subscribed Netflix was due to it’s shows and content.
28.4% of the population’s subscription decision was based on Friends/ Social Group
and 7.8% of the sample is influenced by Netflix’s Image.
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19. Why do you think Netflix is growing today?
5%
17%
Due to promotions
Due to its content/shows
Due to the cast/celebrity
78%
Interpretation:
The above pie diagram shows that most of the population ie, 78% actually thinks the
reason for Netflix’s growth is due to promotions.
17% of the population thinks that the growth in Netflix is due to it’s content/ shows and
5% of the population thinks reason would be cast/ celebrity.
70
20. Are you satisfied using Netflix?
Not Satisfied
Satisfied
Highly Satisfied
Interpretation:
From the bar graph, it is interpreted that 39.2% of the population is actually highly
satisfied using Netflix.
22.5% of the population are satisfied using Netflix and 39% of the population actually
are not satisfied using Netflix.
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21. What would you rate Netflix? (1 BEING BAD AND 5 BEING
EXCELLENT)
40.00%
35.00%
30.00%
25.00%
20.00%
15.00%
10.00%
5.00%
0.00%
1 (Bad) 2 3 4 5 (Excellent)
1 (Bad) 2 3 4 5 (Excellent)
Interpretation:
As it is seen in the bar graph, most of the population, ie, 39.2% have rated Netflix 5
which is excellent and 38.2% of the sample rated Netflix 4.
2.9% and 3.9% of the sample population has rated 1 and 2 respectively.
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CHAPTER-6
FINDINGS
73
FINDINGS
According to the study the majority of the respondents were from the age group
18 to 30 ie, 88.2%
Male respondents were high ie, 51% compared to females respondents ie, 49%
77.5% of the respondents belonged to the Students category.
On basis of survey, income group Nil to 15000 had highest respondents ie,
79.4%
The sample population responded that they watch television was around 75.5%
76.5% of the people also has subscription based video streaming apps like
Netflix, Amazon, etc.
71.6% of the respondents actually responded that they use Netflix.
Most of the population ie, 82.4% came to know about Netflix through Social
Media.
59.8% of the people said that they have been using Netflix only from few
months.
People actually prefer watching Series the most, ie, 84.3%
Sacred Games was the highest liked and recently watched series. It comes
around 13.5% while other respondents had various opinions.
The most and daily used app is Netflix. Around 55.9% of the respondents
actually prefers watching Netflix more than others.
On asking the average time spend by the respondents on Netflix, 54.9% of them
responded that they spend about an hour on Netflix.
92.2% of the people actually have Siblings and friends who also prefer watching
Netflix.
52.9% of the respondents answered that they like the pricing of the subscription
plans offered by Netflix.
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On asking about the plans the respondents have subscribed, 199 per month plan
is the most subscribed plan among the others, ie, 48%
65.7% of the people actually liked and have used the one month free
subscription plan offered by Netflix.
When asked about the reason that they think Netflix is growing, 78.4% of the
respondents have answered it due to Promotions.
63.7% of the people think that the reason behind subscribing Netflix is its shows
and content.
39.2% of the respondents are highly satisfied using Netflix and 22.5% of the
people are just satisfied.
39.2% of the people actually like Netflix very much and rated it 5. Also 38.2%
of the people have rated it 4.
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RECOMMENDATIONS AND
SUGGESTIONS
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RECOMMENDATION AND SUGGESTIONS
Subscription plans offered currently are 199, 499, 650 and 800 per month
which provides 1 screen (Not HD and only for mobile), 1 screen (Not HD),
2 screens (HD) and 4 screens (HD and 4K) respectively. They should have
more variations according to the customer base in India. It should try bring
offers for Single payment for a year subscription plans.
As Netflix offers many series and movies, there should be more of Indian
content for offering Indian customers. The hype created by Sacred Games
was so much that every customer has seen it. Such series should be created
which would make them more comfortable with the customer base. More
regional offerings would lead to greater Customer Satisfaction.
Most commonly used means of promotion for Netflix is Social Media. There
should be more promotions through other means too. Television is one great
advantage for this industry. Hence it can be used to a great extent.
Promotions through various apps, posters would also help in increasing
awareness of the company.
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4. Low pricing of the plans:
Netflix’s biggest competitor is Amazon Prime. It provides 999 for year plan
and 129 per month plan. In comparison, Netflix has costlier plans. It should
try and bring more plans suitable to the customer in India. It should try using
plans which would be cheaper. It can provide offers like 199, 149 per month.
It can also include plans for paying for a year. Currently it doesn’t provide
any plans for 1 year.
Netflix doesn’t have any other benefits like Amazon’s prime delivery. It
should try providing loyalty points that can be redeemed during payments.
This can help in retaining customers. It can also provide offers during
specific period for payment. Eg: September offer- Pay for September and
get Next month free. Various offers can be clubbed together.
78
CONCLUSION
79
CONCLUSION
At last from the project we can conclude that even after late introduction of Netflix in
2016 has acquired great success in India. People have good amount of awareness and
like the services by Netflix. They choose economic plans and hence the demand is
growing. Netflix has more demand than it’s competitors due to its shows and content.
Netflix is growing more due to it’s regional content in India. Sacred Games was a hit
in India. Thus such series are more in production. Due to it’s promotion people have
know it to a greater extent today. Most youngsters prefer watching Netflix more than
any other app.
It is entirely changing today’s scenario in Entertainment Industry. Youngsters prefer
watching TV less and subscription based video streaming apps like Netflix Amazon
more. It is innovating to be on top in the market. It has given it’s customer the be flexible
and adapt itself in their own way. People are willing to pay more because they do not
have to go through advertisements. It had updated itself with smart TVs and customers
love watching it.
Pricing and promotions strategies used by Netflix is very smart and has been effective
to place itself at the peak of market. It has successfully promoted itself in such a way
that customer’s perspective about Netflix is entirely different today compared to it’s
competitors.
From the project, we studied the marketing tools opted by Netflix through pricing,
promotion and awareness among people by analyzing it’s growth since 2016 in India
and its affect on youth.
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81
ANNEXURE:
QUESTIONNAIRE
Dear Respondent,
As a part of my university study, I'm conducting survey on AWARENESS AND
MARKETING TOOLS OPTED BY NETFLIX. Kindly help me out in completing my
survey. Thank You!
1) Name___________
2) Age
3) Gender
Male
Female
Other
4) Occupation
Self-employed
Business
Home maker
Student
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5) Income
Nil to 15000
15000 to 30000
30000 to 50000
More than 50000
Yes
No
7) Do you have access to any subscription based video streaming app like Netflix,
Amazon?
Yes
No
Yes
No
Social media
Television
Banner and posters
Newspaper
Others
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10) How long have you been using it?
Few months
1 year
More than a year
Series
Movies
Others
Stranger Things
Sacred Games
13 reasons why
Others
Netflix
Hotstar
Amazon
Other
About an hour
More than an hour
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15) Do you have siblings/ friends who also likes using Netflix?
Yes
No
16) Do you like the pricing of the subscription plans offered by them?
Yes
No
18) Did you use the free one month subscription offer by Netflix?
Yes
No
Shows/Contents
Friends/ Social Group
Netflix’s Image
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20) Why do you think Netflix is growing today?
Due to promotions
Due to content/ Shows
Due to cast/celebrity
Highly Satisfied
Satisfied
Not satisfied
22) What would you rate Netflix? (1 BEING BAD AND 5 BEING EXCELLENT)
1( Bad)
2
3
4
5( Excellent)
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BIBLIOGRAPHY
WEBSITES:
1. https://www.ibef.org/industry/media-entertainment-india.aspx
2. https://www.google.co.in/amp/s/fossbytes.com/best-video-streaming-services-
india/amp/
3. https://www.flickzee.com/blog/altbalaji-free-subscription-trial-period-watch-
online
4. https://www.investopedia.com/articles/investing/060815/how-netflix-
changing-tv-industry.asp
5. https://www.comparably.com/companies/netflix/mission
6. http://www.valueline.com/Stocks/Highlights/Netflix__A_Short_SWOT_Anal
ysis.aspx#.XWi9AiThWaM
BOOKS:
NEWSPAPERS:
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