Netflix, Inc Works To Make User Experience Easier and Better By Saving Bandwidth

The streaming media giant is making the lives of those with slow internet connection easier by working alongside with university researchers.

Netflix, Inc., the streaming media giant, is working on improving its service for its customers and provides better service in comparison to its rival Amazon Prime. This significant change that the streaming media is bringing about could further extend its dominance in the streaming media industry. The streaming media network is working on a ‘new bandwidth saving feature’ through which users will be able to save data usage. Furthermore, this significant change could make the experience for its user better especially during peak hours.

At the trading session on Wednesday, Netflix stock was called off at $119.12 indicating an increase of 0.44% from its previous share price. The volume of shares being traded on Wednesday were 1,584,705 shares. Currently the market capitalization of the streaming media giant is $50.91 billion. The streaming media company had reported earnings per share of 0.38 with price to earnings ratio of 314.70. The one year high of the on-demand subscriber was registered to be $133.27 and a 52-week low of the company $45.26. The highest level to which the stock price of Netflix was seen at during the trading session on Wednesday was $ 122.19 and the lowest level it was seen at was $117.92.

The new add on that the streaming media will be making available on its platform will basically be very useful for people with slower internet speed. For Netflix users with slow speeds, there will be lower bitrates and for those on a connection that is faster in comparison, will be serviced with higher bitrates. In order to work thoroughly to make the experience for the users better, the streaming media company collaborated with University of South California, University of Nantes and the UT Austin researchers. These researchers came together make an algorithm that would scan very episode of every show and movie to determine its complexity.

Through the new service, users can save on their data plans and the servers won’t be getting too clogged up during the peak hours when Netflix is used the most. However, this change will take a few months and if done gracefully, the users might not even feel much of a difference. In addition to this, many companies are working on ‘peer-to-peer technology’ which would allow the browser or app to download half of the movie from another user watching the same show or movie during the same time.

In other news, Director at Netflix Inc. sold 2,800 shares of the company at  $125.36. This transaction was worth $351,008 and was conducted on December 10^, 2015