Located in Los Angeles, Netflix Inc. (NFLX) offers consumers the ability to purchase movie and TV entertainment services. Despite Netflix's transition to a subscription-based model that allows customers to watch original DVDs online, the company still offers DVDs on demand. Netflix has consolidated its business segments into a single segment since the fourth quarter of 2019.1 In recent years, a host of companies have launched services to compete with Netflix, including The Walt Disney Company (DIS), Amazon.com Inc. (AMZN), and Apple Inc. (AAPL).

Netflix's Financials: 2022

Netflix has had a strong history of success in terms of meeting their financial goals. In their 2019 first quarter reports, the company exceeded earnings expectations by $0.24 per share, which is a good sign for the company's future performance. However, the company also warned investors that they "anticipate free cash flow will be negative for many years." But Netflix won't need to worry about that too much thanks to their long-term debt to assets ratio being at 0%.

Netflix's main focus for 2022 will be on expanding its library and global reach. The company plans to continue building its international presence by going into new markets and continuing in their current markets like Japan, Germany, Italy, and France. The company also plans on developing original content in order to "continue to raise member awareness" as well as utilizing technology such as virtual reality and 4k streaming capabilities to stay ahead of competitors. Netflix plans on increasing its original content from 2000 hours in 2020 to 4000 hours in 2022 with an estimated budget of $8 billion.

Netflix's Business Segments: 2022

Netflix operates in two business segments: Domestic streaming and international streaming.

- Domestic Streaming (USD$4,545 million) - Split and chill service offers the ability to watch streaming television and movies online at a fraction of price. It is available without a subscription fee to those who sign up for one of the company's DVD rental services.

• International Streaming (USD$1,351 million) - Netflix's international streaming service offers the ability to watch TV and movies online, with a subscription fee that changes depending on the country. As of 2019, some countries only have access to certain TV shows, but subscribers can still watch any movie that is available on the service.

Netflix Recent Developments: 2022

Netflix has continued to grow in recent years, seeing its share price climb from $101.82 on November 2nd, 2016, to $291.07 on November 2nd, 2018.

In September of 2020, Netflix released a new film "Jurassic World: The Game" to mixed reviews.2 Though the company is continuing to produce and release original content, it's struggling to compete in the streaming media industry with deep-pocketed competitors such as Amazon Prime Video and Hulu Plus.

Netflix has also experienced a decline in DVD rentals over the past few years from 14 million in 2010 to just 3.3 million in 2014.3 As a result of this decline and fierce competition in the streaming media market, analysts predict that Netflix will be earning an estimated $1 billion less than what it made in 2022 than it did this year due to lower revenue from DVD subscriptions and increased spending on original content.

How Netflix Reports Diversity and Inclusiveness: 2022

Netflix has been a champion of diversity and inclusiveness on its platform, earning a 100% rating on the Human Rights Campaign’s Corporate Equality Index as well as ranking in the top 10 companies for LGBT-friendly policies and practices. The company also recognizes Pride month, including its sponsorship of the 2019 Los Angeles Pride Parade.

Additionally, split accounts community is vocal about representation and inclusion in TV programming, with an entire division devoted to improving representation. In 2019, Netflix commissioned research from Northwestern University that found that “The most diverse TV show ever aired was on Netflix: 47% of all speaking characters are people of color."

Conclusion

Netflix has made some key recent developments that will help them in their goal of being a global player. They have been making investments in Asia and Europe, and they have been investing in several content deals that will give them access to some top talent.

Netflix has also been working on being more inclusive. They are expanding the number of languages offered on the site, including Korean, Turkish, and Polish. Netflix has also been investing in more diverse content including a superhero series with a black female lead.

Netflix is aiming to be on the forefront of global entertainment and the next few years will be very telling as to how successful they will be.