Is Netflix Losing It’s Edge?
Netflix looks as though it’s slowly but surely losing its edge and popularity with the consumer. Netflix has been around for a decade and has been one of the most influential companies in the entertainment industry. However, in the last year or so, there have been some major changes to their business model and it is not working out as well as they had hoped. Netflix’s original content is not as popular as it once was, and they are struggling to compete with other streaming services like HBO Now, Disney Plus and Amazon prime which offer new and varied content every week. It’s easy to say then that competition has hindered Netflix’s growth significantly. Netflix’s stock price has dropped significantly since last year, but they are still profitable. The company is trying to turn things around by investing in new shows and hiring big names like Shonda Rhimes and Ryan Murphy. Yet their content clearly isn’t helping them anymore. Netflix is failing because they are not adapting to the...