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


Netflix Gets The Best Godzilla Minus One Version We Can’t Wait To See

Godzilla Minus One was one of the best films of 2023 and is also possibly one of the best kaiju …

5 months ago

star trek picard

Patrick Stewart Joins Netflix Comic Adaptation With Michael Bay Circling To Direct

Legendary actor Patrick Stewart is set to star in an upcoming Netflix show based on a fantasy comic book. Barbaric …

5 months ago

Netflix Needs To Remake This Cult Horror Novel Adaptation

In 1973, Thomas Tryon delivered a folk-horror novel that was as riveting as terrifying. Harvest Home quickly climbed up on …

5 months ago

the wrong guys

1980s Forgotten Comedy Is Jam-Packed With Stars, Stream Without Netflix

 A film with a cast of popular comedic talent should never go unnoticed, but that’s exactly what happened in 1988 …

5 months ago

Netflix Fantasy Comedy Is A Must-Watch For The Whole Family

Orion and the Dark is one of those feel-good, heartwarming, heart-aching animated films that has you wishing, hoping, and praying …

5 months ago

ang lee hulk

The Netflix Superhero Flop That Isn’t As Bad As You Think

Ang Lee’s Hulk–which is streaming on Netflix, but will be gone at the end of July–is a bad movie, but …

5 months ago

I don't feel at home in this world anymore

Netflix Dark Crime Comedy Turns Vigilante Justice Into Horror

There aren’t a ton of films that balance hyperviolence and comedy, but the few that do it well are always …

5 months ago

don't look up

Netflix Sci-Fi Dark R-Rated Comedy Is A Star-Studded Modern Classic

If you’re a fan of screwball comedy films, you’re likely already familiar with the work of beloved director Adam McKay. …

5 months ago

white noise

Netflix R-Rated Dark Comedy Mystery With Star Wars Icon Divides Audiences

If you’ve spent any time glancing at review aggregate sites like Rotten Tomatoes or Letterboxd, you’ve likely encountered a few …

5 months ago

The Original Gundam Anime Is On Netflix But There’s An Annoying Catch

For someone who wants to get into anime, it can be intimidating. Some of the most popular series, such as …

5 months ago

showtime paramount

The Streaming Re-Bundling Is Happening

Streaming re-bundling, the process of streaming services recreating classic cable programming bundles, is now a verified trend. The companies that …

5 months ago

tickled

 Netflix R-Rated True Crime Documentary Takes Unreal Twist Into Dark Underworld

Released in 2016, the New Zealand documentary Tickled dives into the world of “competitive endurance tickling.” Unbeknownst to directors David …

5 months ago

Netflix R-Rated Sci-Fi Blockbuster Takes Fan-Favorite Franchise Into Wild New Territory

The Matrix is a surprisingly divisive franchise, and that’s largely thanks to the mind-blowing first film being followed up by …

5 months ago

The Platform 2 Returns Netflix To Sci-Fi Nightmare, See Sequel In Action

Netflix just released an official trailer for The Platform 2, along with the cast and the release date of the …

5 months ago

the beekeeper

Jason Statham New Revenge Thriller Now Streaming Without Netflix

If you’ve heard the buzz about it but haven’t yet checked out The Beekeeper starring Jason Statham, now’s your chance …

5 months ago

the gentlemen

Netflix R-Rated Dark Crime Comedy Proves Fan-Favorite Director Still Has It

Guy Ritchie is one of those directors you just hope can keep pushing out great films that have you entertained …

5 months ago

Netflix Losing Dark R-Rated Crime Drama Secret Gem, Stream Before It’s Gone

It seems like dark crime thrillers are all the rage, with audiences far and wide eager to tune in to …

5 months ago

Netflix Dark Fantasy Series Is Perfect For Supernatural Fans

The Magicians is one of the best supernatural series to hit television and streaming ever. It’s dark and disturbing, with …

5 months ago

Netflix Dark R-Rated Mystery Thriller Chills With Shocking Reveals

What do you get when you mix an ensemble cast filled with some of the biggest names in the biz, …

5 months ago

Netflix Fantasy Comedy Series Is The Best Sitcom Of The Decade

In the last ten years, many great sitcoms have been made but the absolute best is also one of the …

5 months ago

Star Wars Movie Gets Netflix Sci-Fi Writer

Shawn Levy has nabbed a writer for his Star Wars movie. According to noted leaker Jeff Sneider, Levy’s long-time collaborator …

5 months ago

Netflix Losing R-Rated Sci-Fi Action Thriller With Marvel Icon, Stream Before It’s Gone

Scarlett Johansson made her MCU debut in Iron Man 2 as Natasha Romanoff/Black Widow and would continue to play the …

5 months ago

Netflix New Fantasy Anime Gives Imagination An Incredible Adventure

Studio Ghibli is known as the studio that fills viewers with a sense of magic and nostalgia with the magical …

5 months ago

Ellen DeGeneres Netflix Special Is Her Final Time In The Spotlight

Ellen DeGeneres told audiences earlier in July that she’s finished with show business after her Netflix special debuts. The 66-year-old …

5 months ago

the little rascals

Netflix ’90s Family Comedy Remake Climbs Into Top Ten

The 1994 version of The Little Rascals has reappeared to dominate Netflix, making it into the streaming platforms’ top 10 …

5 months ago

Netflix Crime Thriller Adventure Is An Overlooked ’90s Gem Finally Getting Fans

If you have fond memories of beloved 90s blockbusters, you probably recall the box office hits such as Total Recall, …

5 months ago

Lucifer Fans Rejoice After Star Joins New Netflix Series

Tom Ellis, known for his performance as Lucifer Morningstar in Fox’s fantasy series Lucifer, has recently joined the cast of …

5 months ago

Netflix Fantasy Anime Twists Isekai Formula By Punishing Hero

In most Isekai anime, the hero is the golden child who can do no wrong. The Rising of the Shield …

5 months ago

moon