The powerful business model of a Netflix clone: Decoding its power in money-spinning/ Netflix clone script: How money can be made easily
Which is the most successful OTT platform in the world? It is Netflix. Since its launch in August 1997 as a DVD rental service, the American platform has grown tremendously. Today, cinema enthusiasts across the entire world can watch a variety of documentaries, TV shows, web series etc effortlessly. Are you that entrepreneur passionate about launching a subscription-based video-on-demand (SVOD) platform? Create a Netflix clone. A sneak peek into the lucrative business model of Netflix Subscription Plans - Flexibility, ad-free streaming, unlimited content, and the absence of hidden charges are the four advantages available for subscribers. Importantly, the number of new subscribers increased by 4.38 million in the third quarter this year. Moreover, the average revenue per user (ARPU) increased by 7% from 2020 to 2021. This indicates that free users are becoming premium subscribers. What are the 4 popular subscription plans offered by Netflix? Mobile, Basic, Standard, and Premi