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With currently around 183 million subscribers (April 2020), Netflix is the world’s leading video streaming service. It was founded by Reed Hastings and Marc Randolph in 1997 as a DVD-by-mail rental service.
By now, Netflix is available in over 190 countries and allows its users to watch a variety of TV shows, movies, documentaries, and much more. The annual revenue of Netflix reached 20.15 billion U.S. dollars in 2019.
It’s no secret that Netflix is the leader in the video streaming industry. By April 2020, the video streaming giant had almost 183 million subscribers. In 2019, the company’s annual revenue reached 20.15 billion U.S. dollars.
The best part? The demand for streaming services is growing, and most likely, it won’t stop any time soon. Now is the perfect time to create a streaming service like Netflix! But, how do you start a streaming service? What is the right strategy to build an app like Netflix, and how much will it cost? In this post, we will try to address all those questions. But, before you go any further, check out some facts and statistics about Netflix. Let’s begin!
Today I want to share a cautionary war story about how I and my team once got so excited about using asynchronous programming and then so shocked by the results.
A few years ago, we were working on Myntra’s order management system (OMS) at the time which was the source of truth for all order related information and actions in the company. It was a Java REST API based system that used MySQL as a store and used the classic single-thread-per-request model.