Why Netflix Still Stands Out in a Competitive Streaming Market

Despite intense competition, it retains some key advantages.On the surface, the continued success of Netflix (NFLX 0.86%) might seem surprising.Although it pioneered the streaming industry, its success spawned numerous competitors. It now must contend against content giants like Google-parent Alphabet, Disney, and Amazon, among an array of legacy media companies and others with extensive content libraries.Despite this fact, it has not lost its edge, and three reasons explain why. 1. Its first-mover advantag ...