This Is the Single Most Important Aspect of Netflix's Dominance

There are a bunch of different streaming services out there that consumers can pick from today. Top choices include AT&T's (NYSE: T) HBO Max, Amazon Prime Video, and Walt Disney's (NYSE: DIS) Disney+. And then there are smaller services that just launched this year, like ViacomCBS' Paramount+ and Discovery's (NASDAQ: DISC.A) (NASDAQ: DISC.B) (NASDAQ: DISCK) discovery+. 

But Netflix (NASDAQ: NFLX), the trailblazer of the streaming industry, still stands above the rest when it comes to success in this space. The Los Gatos-based innovator now has 209 million subscribers and generated $7.3 billion of revenue in the most recent quarter. One critical factor has led to this remarkable success. 

Let's find out how vital Netflix's first-mover advantage is in the highly competitive streaming market. 

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Source Fool.com