Other competitors are YouTube TV, Paramount+, Sling, and HBO Max.
A pivot from the ‘brand’ to the content
Netflix’s marketing budget has remained fairly consistent at around the 2 billion mark.
However, the way in which Netflix spends money is changing. The marketing strategy has moved from a focus on the brand itself to shining a light on individual titles, according to the New York Times. Original content is also a focus with the vast majority of its $17 billion content budget going towards its creation despite licensed shows like Seinf cellphone number in philippines eld or Grey's Anatomy up for grabs, reports Fortune.
Take ‘Wednesday’, a spin-off Addams Family-inspired show featuring Jenna Ortega. Along with advertising in airports and on the Uber app, Netflix shifted money from X and Instagram to TikTok after a scene of Wednesday dancing was copied by others and went viral with Lady Gaga even getting in on the act! Season 2 is on the way soon due to its success.
Netflix competitors
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