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


The 90s Classic Thriller On Netflix With The World’s Worst Bosses

Dive into a world of suspense, conspiracy, and whirlwind legal drama as we follow the life of a young, ambitious …

1 year ago

The Sci-Fi Monster Movie On Netflix Is A Genre-Bender

Ready to trade your city skyline for a much larger, more reptilian silhouette? Hold onto your seats, because Godzilla: Planet …

1 year ago

Netflix Reveals New Historical Fantasy Anime Series Based On Best-Selling Book Series

Netflix has just unveiled the first trailer for the new anime series Onymoji. The anime comes from animation studio Marvy …

1 year ago

Black Mirror Creator Uses AI To Write Episode And The Results Are A Trip

Since its first season, Black Mirror has been delivering fresh and inventive sci-fi stories wrapped up neatly into episodic packages …

1 year ago

The Epic Heist Movie On Netflix That’s Getting A Massive Sequel

Step into the seedy underbelly of Los Angeles, where the lines between cops and robbers blur in the heat of …

1 year ago

the good nurse
keanu reeves

The Keanu Reeves Sci-Fi Movie Streaming On Netflix Is A Scary Look At The Future

Pop the popcorn and get ready for a deep dive into the world of mind-bending sci-fi, as Keanu Reeves takes …

1 year ago

The Marvel Movie On Netflix That Needs A Sequel

Before Mark Ruffalo turned green with envy and long before Edward Norton took a brief spin as the gamma-irradiated giant, …

1 year ago

The Funniest End Of The World Movie Ever Is On Netflix

Ever wonder what happens when a bunch of comedic Hollywood elites get trapped in one mansion during the apocalypse? No? …

1 year ago

netflix

Netflix Nabs One Of The Biggest Directors With Multi-Year Deal

Deadline has reported that prolific filmmaker Tyler Perry has struck a multi-year deal with Netflix, securing first-look rights to a …

1 year ago

The Jumanji Sequel That Deserves Its Own Franchise

Strap in and dust off your old board games, because Zathura is rocketing its way onto Netflix! Dive into this …

1 year ago

FANGORIA Chainsaw Awards

House Of Usher Falls On Netflix To Sci-Fi Series

After receiving rave reviews for his previous series Midnight Mass and The Haunting of Hill House, Mike Flanagan’s latest creation, …

1 year ago

jeffrey dean morgan

Jeffrey Dean Morgan’s Best Comic Book Action Movie Is Leaving Netflix, Watch It Now

When it comes to action movies, you’ve got your explosions, your car chases, and, of course, your tough-as-nails heroes who …

1 year ago

the interpreter

Nail-Biting Suspense Thriller On Netflix Features All-Timer Nicole Kidman Role

Sydney Pollack’s final film, The Interpreter, is a gripping political thriller starring Nicole Kidman in one of the Australian actress’s …

1 year ago

carla gugino

The Stephen King Sexy Thriller On Netflix That Will Make You Scream

Iconic horror author Stephen King is known for works like Pet Sematary, Carrie, Kujo, It, and many other harrowing tales …

1 year ago

Forget Deliver Us From Evil, This Is The Best Movie About The Devil

Numerous films explore the themes of the devil and possession, but surprisingly, few, like Deliver Us from Evil, which follows …

1 year ago

Russell Crowe Is A Real Life Genius In Star Studded Netflix Biopic

A Beautiful Mind is a biographical drama that explores the tumultuous life of John Nash, a brilliant mathematician navigating the …

1 year ago

Netflix Defends Not Releasing The One Thing Everyone Wants From Them

It’s no secret that Netflix and most other major streaming services are reluctant to disclose viewership numbers. The only time …

1 year ago

The Night Agent Season 2 Coming To Netflix Sooner Than Expected?

Fans of Netflix’s The Night Agent might be getting Season 2 sooner than expected, as there has apparently been quite …

1 year ago

Netflix password sharing

Netflix Gains Massive Amount Of Subscribers In Unreal Short Time

It’s been a very rough year for Netflix: the veteran streaming service lost subscribers for the first time in April …

1 year ago

Netflix jojo's bizarre adventure

Netflix Nabs Anticipated Movie From Rival Streaming Service

According to a write-up in The Hollywood Reporter, Netflix has signed a multi-year deal with studio Skydance Animation, including exclusive …

1 year ago

night agent

Netflix Puts Massive Delay On Best Series

When Bridgerton Season 2 was released in March 2022, the series broke the Netflix record for the most-viewed show in …

1 year ago

Netflix Surprises Everyone With One Of The Biggest Superhero Movies In Years

Spider-Man will soon be changing his signature web-slinging sound from “thwip” to “tudum.” Variety reports that this year’s blockbuster animated …

1 year ago

Lindsay Lohan: Returning To Her Best Role In 2024

When Lindsay Lohan hit rock bottom, it was with a thud. To the casual observer, Lindsay Lohan was just another …

1 year ago

How Much Netflix Price Hike Is Going To Cost You

The days of cheap streaming have come to an end, and Netflix is no exception when it comes to price …

1 year ago

Sadie Sandler: Who Is Adam Sandler’s Daughter?

Sadie Sandler is the daughter of Adam Sandler and Jackie Titone. She’s been in her father’s movies like You Don’t Mess with the Zohan and Hubie Halloween.

1 year ago

netflix chronicles of narnia

Netflix’s The Chronicles of Narnia: All We Know About The Adaptation

Netflix now owns the rights to The Chronicles of Narnia and they are developing a movie as well as a series around the franchise.

1 year ago

The Crime Comedy Series On Netflix About A Legendary Thief 

Streaming platforms have created a delightful trend recently by releasing series about gentlemen criminals like Stede Bonnet in Max’s Pirate …

1 year ago