2. Team Contact Information
Alex Argiris
Annie Taylor
Kate Hatherley
Samantha Siepak
Elizabeth Sobol
Professor Matt Ragas
PRAD 391-401
November 10, 2011
Contact: AnnieTay23@yahoo.com
3. Introduction
Founded in 1997 in Scotts Valley, California by
Marc Randolph and Reed Hastings.
Hastings was inspired to start the company
after being charged late fees for returning a
rented copy of Apollo 13 after the due date.
The world’s largest internet subscription service
for watching movies and TV instantly with more
than 25 million members worldwide.
Netflix is revolutionizing the way people watch
movies and TV shows by streaming directly to
them.
Netflix has become the preferred online
provider of the entertainment experience in the
U.S.A.
4. Netflix streams from:
Microsoft
Xbox 360
Nintendo Wii
Sony PS3 console
Blu-ray disc players
Internet-connected TVs
Home theater system
Internet video players: Apple iPhone, iPad and iPod touch,
Android devices, as well as Apple TV and Google TV.
During the first quarter of 2011, sales and rentals of
packaged DVDs and Blu-ray Discs plunged about 20
percent, and the sell-through of packaged discs fell 19.99
percent to $2.07 billion, with more money spent on
subscription rentals than in-store rentals.
5. Social Media Profile of Netflix:
Volume of Conversation Surrounding Netflix
on Social Media Channels
14. How Can Netflix Improve?
Problems:
Price
Too expensive & lack of incentive for customers
Response time
Deliveries have been taking too long
DVDs get lost in the mail
Solutions:
Advertise options better
There are ways to avoid high prices, not
mentioned in emails from company
Create a kiosk
Have a drop off /pick up kiosk like Redbox
15. How Can Netflix Improve? Cont.
Problems:
Lack of comparable selection between DVDs by mail
and Instant Stream
Lack of reasoning behind price increases
Solutions:
Improve Instant Stream selection, making it comparable
to the DVD by mail selection
Netflix needs to provide reasoning behind price increases
in order to pacify customers.
What will the price increases do for them? Ex: The
increase in monthly prices will lead to a better
selection of streaming movies, etc.
17. How can this be solved?
Hire someone to monitor social media and
respond to customers
Needs to be a two-way communication path
18. Conclusion
Mostly good feedback
Customers still enjoy Netflix capabilities
Netflix performs well against competitors
Supporters create social media buzz
Main obstacles:
Price, prompt delivery, communication method