Does Netflix have a blue ocean strategy?Use the concept tools to explain why or why not. (350 words)

Does Netflix have a blue ocean strategy? Use the concept tools to explain why or why not.
In the scenario of growing competition Blue Ocean Strategy has been recognized as an
innovative tool to manage the market through the creation of uncontested market place and
minimize the influence of competitors to negligible levels. Basic success factors of the blue
ocean strategy is considered to be based on the efforts of differentiation and sutainable
achievement of low cost, which acts as a barrier to the new and existing competitor firm’s
growth. To achieve the stated objective companies are expected to make changes in their
operational system and its components like price, production and costs so that cost of operation
can be minimized. It also requires that...