Netflix


netflix
Netflix Stars
  • Launched On: August 29, 1997
  • Platform: Streaming
  • Founders:  Marc Randolph and Reed Hastings 

  • Netflix currently ranks as the top streaming service in the world, with more than 260 million subscribers.
How Netflix Started

While it was passed around for some time that Netflix was started in a college dorm room, that wasn’t the case.

The services founders had some experience in the tech space, at least before giving it the proverbial college try. In 1997, Reed Hastings and Marc Randolph teamed up to found Netflix, which began as a DVD-rental service that sent DVDs through the mail to subscribers.

They had considerable funding to start after Hastings’ previous company, Pure Atria, was acquired for $700 million. The idea was born while Hastings and Randolph were sharing rides to and from work around this time.

Netflix is big news in streaming now, but that’s not how they started. Back then Netflix was breaking news by being at the forefront of the DVD market, which was just emerging at the time. Though it would be a few years before those were able to overtake VHS tapes as part of the rental market, Netflix was well-positioned for the shift.

In its early years, Netflix also began to undo some of the common trends in the industry. Namely, they ditched the cost-per-rental model and instead went strictly to a subscription service, again being at the forefront of how the movie market would emerge in the coming years.

Who Owns Netflix Now?

If you’re wondering who owns Netflix now, that’s not a question that can be answered by one specific person.

To begin with, Reed Hastings had a 70% share in the initial company because his investment, at the time, was the largest. He was the decision maker in not selling to Amazon early on, which turned out to be more than a little positive in the long run.

However, in 2002 Netflix became a publicly traded company. To begin with, the stock went for $15 dollars per share.

So to determine who owns Netflix now, you’d have to ask who owns the most Netflix stock right now. For starters, Reed Hastings currently owns about 1% of all Netflix stock.

Hastings’ overall net worth is estimated to be around $2.6 billion dollars. A number that has to make him more than a little happy he didn’t take the $14 million offer from Amazon all those years ago.

According to the latest filings on this sort of thing, the largest owner of Netflix’s stock is The Vanguard Group which owns 32.5 million shares of Netflix.

That position is valued at right around $5.7 billion dollars. Behind them is BlackRock Fund Advisors with about 18.8 million shares and Capital Research & Management is right behind them with about the same amount. Those two own about $3.3 billion dollars each.

An initial $1,000 investment in Netflix back in 2002 would now be worth in the range of $14,000 today.

How Popular Is Netflix?

The average streamer has 4.7 current subscriptions, with Netflix subscriptions reportedly in 62% of households (according to Statista) who are using streaming services. Following them was Amazon Prime Video, which has a built-in advantage for this number seeing as how this service is tied to their Amazon Prime subscription.

Who owns the streaming market isn’t a clear answer with Netflix anymore. Their grip is shrinking even though they are still a total giant.

Over the years, Netflix has put out some of the best series television and streaming has to offer. Some of the series like Stranger Things and Squid Game have become massive performers for the platform.

And the hits are still coming for the streamer with Netflix continuing to push the content envelope.

Jump directly to different Netflix series to see the casts for each and news for every actor.

Stranger Things Cast News
The Witcher Cast News
Wednesday Cast News
Outer Banks Cast News
Bridgerton Cast News

Netflix might be known more for its series franchises, but its had plenty of huge movies on the streamer as well.

And the hits are still coming for the streamer with Netflix continuing to push the content envelope.

Netflix News For Each Movie Franchise

Jump directly to different Netflix movies to see the casts for each and news for every actor.

Enola Holmes Cast News
Red Notice Cast News
The Gray Man Cast News
Extraction Cast News

Latest Netflix News


Billion-Dollar Sci-Fi Franchise Kickoff Hits Netflix, It Changed Movies Forever

As a film franchise, Transformers hasn’t exactly been more than meets the eye lately. The excellent Transformers One bombed at …

1 week ago

Netflix Gets Visionary Director’s Best Film, It’s Unlike Any Action Movie Ever

For film lovers, there’s nothing quite like the sublime joy of discovering that a movie you haven’t previously seen actually …

1 week ago

Megan Fox Delivers A Great Performance In Netflix’s New Sci-Fi Thriller

If you were randomly scrolling through any streaming service while blindfolded and pushed play after scrolling for 30 seconds, there’s …

2 weeks ago

Marvel Has No Future On Television, Unless It Looks To The Past

We’ve been pretty hard on Disney+ around here for a very specific reason: their lackluster MCU television content. When the …

3 weeks ago

The One Fantasy Franchise It’s Impossible For Hollywood To Get Right

It’s so difficult to get right that some adaptations have been erased from history.

4 weeks ago

The Wave Reviewed: Netflix Disaster Movie Delivers Big Destruction

By now, we’re all aware that the Netflix library is loaded with well-made foreign films, broadening our worldview to a …

2 months ago

jamie foxx feature

Jamie Foxx Finally Reveals Details Of Near-Death Experience In His New Netflix Special

If you’ve been keeping up with Hollywood news, you may recall the headline-grabbing tale of Jamie Foxx suffering a near-fatal …

2 months ago

Woman Of The Hour Review: It’s The Number One Thriller On Netflix For Good Reason

Netflix subscribers may have already heard of the new true story thriller Woman of the Hour, which released on the …

2 months ago

Netflix Legal Drama Brings Big Cases And Bigger Chaos

If you’re a fan of legal dramas, you may already be well acquainted with the Netflix original series The Lincoln …

2 months ago

Raunchy R-Rated Coming-Of-Age Comedy Hits Netflix In Time For The Holidays

Every generation of moviegoers has a series of classic comedies in their repertoire that served as major cultural touchstones during …

2 months ago

Squid Game Season 2 Teaser Reveals New Games

Squid Game Season 2 is on the way, with the hit show debuting its first trailer yesterday. The trailer shows …

2 months ago

Forgotten Sci-Fi Series With Nickelodeon Star Gets New Life On Netflix

If you grew up watching the golden era of Nickelodeon programming, including such classic shows as Drake and Josh, iCarly, …

2 months ago

Los Angeles DA Pushes For Menendez Brothers Release With Short Timeline Of Response

Erik and Lyle Menendez may be one step closer to being released from prison after having spent almost three decades …

2 months ago

disney

Disney Quietly Adds A Disney+ Feature Fans Have Wanted For Years

On October 30, without much fanfare, Disney finally added “Top 10 Today” to Disney+, letting viewers see the movies and …

2 months ago

Netflix Finally Gets The Most Off-The-Walls Action Franchise Of All Time

If you’ve spent any time at all following movie trends in the last two decades, you’re certainly aware of the …

2 months ago

Beloved Horror Book Series Adaptation Heads To Netflix

If you grew up in the late 1990s or early 2000s like me, you may recall spending endless hours collecting, …

2 months ago

Brendan Fraser Comeback Splashes Onto Netflix

There have been few iconic comebacks in recent years on par with Brendan Fraser. Once known as the star of …

2 months ago

Netflix Menendez Brothers Series Is So Popular Tourists Are Flocking To The Murder Mansion

Monsters: The Lyle and Erik Menendez Story, the second in the anthology after the success of Dahmer, has been dominating …

2 months ago

Fast And Furious Fans Get Netflix Surprise

When you’re here – you’re family! Or, something like that. Regardless of what the saying is, fans of the Fast …

2 months ago

Highly Anticipated Netflix Series Shelved Before Production

By now, we’re all well acquainted with the fact that Hollywood is a fickle industry, which can result in a …

2 months ago

Netflix Beef Season 2 Adds Marvel Star To New Cast

For anyone looking to pig out on some juicy drama, Netflix has announced that it has renewed its critically acclaimed …

2 months ago

Fate Of Netflix’s Tomb Raider Anime Has Already Been Decided

In a surprisingly quick turnaround, Netflix has announced that Tomb Raider: The Legend of Lara Croft is coming back for …

2 months ago

Streaming Fees Increase And Subscribers Feel It Isn’t Worth It

With streaming fees rising and customer satisfaction falling, companies like Netflix and Disney may be headed for trouble. It’s no …

2 months ago

A True Crime Must-Watch Tops Netflix Charts

With recent titles like Monsters: The Lyle and Erik Menendez Story and This is the Zodiac Speaking, Netflix is still …

2 months ago

The Menendez Brothers Are Getting A Chance At Freedom

It’s been more than one month since Netflix dropped Ryan Murphy’s latest true-crime project – a dramatized series titled Monsters: …

2 months ago

Peaky Blinders Movie Is Giving Fans Exactly What They Want

When Peaky Blinders released its last episode in April of 2022, fans of the long-running drama thought it was the …

2 months ago

One Of The Richest Rappers Tried Warning Us About Diddy Decades Ago

Last month, music fans around the globe were rocked by the shocking news that Sean ‘Diddy’ Combs had been arrested …

2 months ago

The Best Godzilla Movie Heads Back To Theaters

Godzilla Minus One is returning to theaters to celebrate the kaiju’s 70th birthday. It’s the perfect chance for those who …

2 months ago

Netflix Quietly Snubs Cult Comedy And Deletes Promotional Posts

Detroiters is a hilarious precursor to I Think You Should Leave on Netflix that’s finally been added after some hiccups …

2 months ago

Netflix May Never Air Completed Series After Star’s Tragic Death

The sudden death of One Direction member Liam Payne while on vacation caught his friends, family, and fans off-guard, prompting …

2 months ago