Briefly describe each of the four major challengesthat Netflix faces
Expert Answer
The four challenges faced by Netflix are:
- The software technology that enables ease of access forstreaming service with various consoles or connected devices
- Intense competition from Amazon prime who is partnering withmovie studios
- The media companies are not happy with Netflix own movies dueto which they are removing premium cable networks
- Increase in fees by studios for access to content which putscost pressure and lowers revenue