The well known video streaming company is planning to extend its services to more than one hundred and thirty nations by the end of the year, says Marcio Alaor, VP of BMG Bank. This is significant since in the year 2015 the company offered its services in just 60 countries. Netflix would like to expand to Crimea, North Korea and Syria but such efforts have been delayed. Also, there are arrangements to enter China in 2016, reports Marcio Alaor.
One country in which Netflix plans to receive a large influx of subscribers for its video streaming services is India due to it large population. In that nation, with a high number of potential consumers and a solid film industry, Netflix will look to make independent movies with local actors, says Marcio Alaor, VP of BMG Bank. In addition, Netflix would like to extend Bollywood films to a global audience.
Netflix has original productions such as “Orange is the New Black”, “Jessica Jones” and “House of Cards”. The companies offerings are increasing in popularity, notes Marcio Alaor of BMG Bank, which holds a large multi-million dollar investment in the company. Most recently, Netflix launched its first long film entitled “Beasts of No Nation”, a movie which is based on a war novel.
New partnerships with Ericsson in conjunction with Volvo have demonstrated a willingness of companies from different industries to incorporate video streaming technology. These organizations, as Marcio Alaor of BMG Bank illustrates, are helping to create a framework where consumers can watch Netflix videos anywhere without requiring internet connection.
The forecasts for Netflix’s growth in the amount of new subscribers and revenue growth are strong. The company forecast that between the years 2016 and 2020 the number of new streaming video subscribers will increase at a rate of about 24% a year, notes Marcio Alaor. At that rate of growth, by the end of 2020, the global number of Netflix subscribers could reach as much as 150 million, notes the executive of the BMG Bank. Further, at this rate of growth, annual revenue for the company would reach 20 billion dollars. The increase in profit in the year 2016 would be of 137 million dollars, in year 2017, 500 million dollars and in the year 2018 1 billion dollars, notes Marcio Alaor of BMG Bank. Indeed, 2016 should be a profitable year for Netflix.
Marcio Alaor is VP of Banco BMG. BMG bank is one of the largest in Brazil. Alaor, businessman and entrepreneur, has played an instrumental role in the banks growth as the nations top consumer lender.