Netflix is conquering the world! The company's getting a very stable market position after it has announced its spawning into the European market.
More and more subscribers have been resorting to Netflix as they try to find access to TV shows and streaming movues on ther smaphones, computers and TVs. The company enjoys around 48 million members that are located in around 40 countries all over the globe. Although Netflix is making its first steps into the European market, it has not invaded the Asian market yet. The company plans to launch its invasion into six new European countries, including Germany and France, by the finale of 2014. Then, it will slowly move its expansion into Northern Europe, including the U.K., in 2012.
The company features popular Hollywood shoes amd especially the famous political show ''House of Cards'' has been gaining tremendous popularity on the Netflix channels.
But its success has not been without hindrances.
Internet service providers have argued with Netflix saying that the company has to pay for the tremendous bandwith its sreaming videos use.
According to the CEO Reed Hastings, these demands have been defined as an ''abuse of market power''. However, the company has agreed to pay Verizon and Comcast for preferential treatment. Also the company has topped the headlines by its statement that this activity may increase the price for its members.This will certainly create more jobs in the industry and more news will follow on that.
Netflix has not announced yet the prices for its European members.
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