There were times when television used to be a major source of entertainment. But apps like Netflix disrupted the way in which world consumes its entertainment.
Video streaming apps like Netflix, Amazon Prime, Hulu took away a major chunk of television viewers. By giving its consumers the convenience of curated on-demand content which they can consume in any way they prefer, Netflix like video streaming apps have caused a major disruption in the TV industry.
As more and more people opt for video streaming services to enjoy the movies and television content, Netflix has emerged as the leader in the segment. As per Fortune, this tech giant currently constitutes around 15% of the internet bandwidth. Started as a modest DVD by mail rental service in the year 1997 by its two founders Marc Randolph and Reed Hastings, today Netflix is the world’s leading internet entertainment service provider.