US$4.52 billion in Q1 of 2019 Netflix was founded in 1997, and is now one of the largest and fastest-growing corporations in the world, reporting a first quarter profit of US$4.52 billion in 2019 While free to air television is in decline, and cable television is struggling, Netflix is growing month on month and year […]

US$4.52 billion in Q1 of 2019 Netflix was founded in 1997, and is now one of the largest and fastest-growing corporations in the world, reporting a first quarter profit of US$4.52 billion in 2019While free to air television is in decline, and cable television is struggling, Netflix is growing month on month and year on year. It appears that the rate of this growth is limited only by YouTube, Disney, Stan and the many other streaming services popping up to compete with them. The market is growing rapidly along with the number of players.There are a several reasons for the success of Netflix and other streaming services, while free to air and Cable are in decline. Those reasons include – Internet access, speed of streaming, range of movies available, and price. Netflix represents great value.The overall success of streaming services might be equally related to the fact that consumers or…