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Online Streaming Industry Is An Oligopoly Market Structure
Online Streaming Industry Is An Oligopoly Market Structure
prime, Netflix, hotstar, jiotv majorly competing for Indian market share. To be precise it’s differentiated
oligopy.
Firms focuses on differentiated products and there are few entry restrictions but competition is fierce as
major market share is covered by large players.
In terms of national market share of users, Hotstar leads the pack with 27% market share, followed by
Jio TV 23%, Amazon, SonyLIV, and Netflix (See: Full stream ahead).
Summary:
So the question arises what’s the Future of Online Streaming Industry and what it will take to survive in
this industry.
1. Increased competition
2. Rate Hikes
Demands on streaming services are increasing;
Customers have shown that they’re willing to pay more for services, so it only makes sense
that companies would try to capitalize on that willingness.