• Founders : Reed Hastings(Chairman, CEO) and Marc Randolph (Co founder and first CEO ) • In 1998 it launched its website with 925 titles available for rent through a traditional pay-per-rental model • Synonymous video platform • Revolutionizing the way people watch movies and TV shows • Past vs. Present • Regarded as first major disruption of Television forcing companies to change the way they do business MILESTONE : IMPORTANT ACHIEVEMENT
• In 1999 Netflix raised up $30 million in venture
capital • In 2002 Netflix initiated initial public offering (IPO) • In 2003 Netflix announced that it reaches 1 million subscribers. • In 2007 Netflix delivered its billionth DVD, A HUGE YEAR • In 2010 Netflix started expanding its streaming service to the international market • Jan 2016, entered Indian Market • Gained millions of new subscribers in overseas markets MARKETING MIX STRATEGY
PRODUCT PRICE PLACE PROMOTION
• Leading online streaming media and
entertainment businesses • Started as a DVD rental business • Now a website that you register and pay to watch • No commercials • Updated regularly • Three plans available • Offers streaming software • Has produced films and TV shows MARKETING MIX STRATEGY
PRODUCT PRICE PLACE PROMOTION
• One month free trial service
• Charges a minimum amount in the form of subscription • Depends upon the type of plan • Uses psychological pricing • The prices are pocket-friendly in line with its motto, to subsidize the rental costs for consumers • You get additional benefit according to your plan MARKETING MIX STRATEGY
PRODUCT PRICE PLACE PROMOTION
• Netflix has both tangible and
intangible product offerings. • Mail-in DVD service • Online streaming service works on multichannel distribution • Almost the entire business of Netflix is conducted online MARKETING MIX STRATEGY
PRODUCT PRICE PLACE PROMOTION
• Netflix uses proper mix of Offline
and Digital marketing channels for advertising its services