Problem:

Question 1) Assess the video industry as of today in terms of industry profitability (use Porter's Five Forces framework and clearly identify the key industry forces related to profitability).

Question 2) Discuss the company's business strategy and how it has evolved. What firms are Netflix's most significant competitors, and how the nature of competition has changed in the industry?

Question 3) Discuss Netflix's sources of competitive advantage (discuss the concepts of brand, scale economies, data and switching cots, and distribution channels).

Question 4) Discuss the concept of the ‘long tail' in relationship to Netflix's business model/strategy and how this concept has evolved with the company's transition to streaming video.

Question 5) What do you believe are the most significant long-term threats to Netflix? Does Netflix's business strategy effectively address these threats, and in what ways? Note: Include a discussion of the recent ruling on Net Neutrality and the impact it may have on Netflix's business model in your answer to this question.

Provide thorough explanation of every part of the given problem.