With the rise of competition and subscription prices many are questioning whether Netflix is still a worthwhile investment in the streaming industry.

Netflix has become the most popular streaming service offering a varied library of TV shows, movies, and other content. However, with the recent rise of competitors such as Disney+ or Amazon Prime Video,  many are questioning whether Netflix is still worth it.

“Every time the competition between Netflix and other platforms is more even, it is really getting interesting,” Andres Gaviria, Grade 11  said. 

Netflix’s Impact on the Entertainment Industry

Netflix’s investment in producing original content has resulted in multiple acclaimed shows and movies that are not available on any other streaming service. Original productions have become increasingly popular, with shows like Stranger Things or Money Heist attracting the attention of the viewers. 

Netflix has had an influence on the streaming industry with the way TV shows and movies are produced. Many other companies launched their own streaming services such as Disney + or HBO in response to Netflix success.

“I love original Netflix productions, they are so much fun to watch and I could stay there for hours,” Paulina Ospina, Grade 9 said. 

Netflix still offers the largest selection of content among streaming services. In fact, Netflix is still the streaming service with most subscribers.

The platform has been actively working to increase its popularity, raising collaborations with acclaimed industries such as Matchday with FC Barcelona or Breakpoint in collaboration with the Association of Tennis Professionals (ATP). These productions led to the creation of several critically acclaimed and award-winning shows and movies.

“Variety is the key point for Netflix success, that makes it rank higher than other streaming services,” Pablo Suarez, Grade 9, said. 

Netflix’s User Experience and Privacy Measures

Netflix’s algorithm has a system recommendation that offers a personalized viewing experience for each subscriber. By analyzing users viewing history and preferences, Netflix suggests shows and movies based on preferences. 

Netflix has worked to improve its user experience and conformation. The platform’s user-friendly interface makes it easy for users to navigate and find content that they enjoy. Additionally, Netflix regularly updates its platform in order to make it more visually pleasant for their users.

With its ability to stream on multiple devices, users can access the plataform on their smartphone, tablet, laptop, gaming consoles and smart TVs. This flexibility allows its subscribers to watch their favorite movies and TV shows in any place. 

In addition, the company has made an investment on user privacy and security, allowing its subscribers to create different profiles with different preferences, keeping in private viewing history and recommendations. In fact, Netflix has implemented multiple security measures to protect users personal information and prevent unauthorized access to their accounts.  

“I always have something to watch, it never gets repetitive and that’s why I enjoy it,” Gaviria said. 

Netflix still offers affordable plans for all budgets although its recent increase, with options starting at $16,900 COP for the Basic plan, $26,900 COP for the Standard plan, and $38,900 COP for the Premium plan. The company’s cancellation policy gives subscribers the freedom to cancel their subscriptions at any time without being affected.

Netflix platform offers its subscribers several options to get in touch with customer support in case of any problem, including email, chat and phone. The customer support team is available 24/7 in order to help their users in any type of circumstances.

Netflix Initiatives

Netflix has also expanded its international library over the past decade providing users with access to global films and TV shows. This allows viewers to explore different cultures and have an international content experience not allowed in other streaming platforms.

Netflix has set an environmental project by promoting diversity to its viewers. The company has created a more sustainable future and promoted social justice in its productions, setting a new standard for the entertainment industry.

While the streaming industry continues to evolve, many believe that Netflix’s continued investment in original content, personalized recommendation system, vast content selection, and affordable pricing plans. Making it a worthwhile investment for viewers seeking high-quality entertainment options.

Even with the decrease in subscribers in 2021, Netflix has still made an impact on the entertainment industry over the past decade with popular films such as Stranger Things, Narcos or The Crown. The platform’s influence has even led to the term “Netflix and Chill,” which has become a cultural phenomenon.

“It is relatively cheap for all that it offers, it is worth it” Suarez said. 

Conclusion

Netflix continues to offer the best entertainment experience in the whole industry. With its investment in producing original content, personalized recommendation system, content selection and affordable pricing plans, it remains as the most popular streaming platform. The company has had an impact on the entertainment world, leading to the creation of new competitors and a global phenomena known as “Netflix and Chill.”

“I love Netflix and chill, it’s like it’s the perfect plan for when I’m bored,” Ospina said.