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 Demon Slayer Live-Action Series In The Works

Following the wild success of its live-action One Piece and the lesser success of the live-action Avatar: The Last Airbender, …

7 months ago

david harbour

David Harbour In Talks For Murdaugh Murders Hulu Series Lead

True crime is one of the hottest genres today, from successful podcasts to documentaries and, more recently, dramatic mini-series that …

7 months ago

bodies bodies bodies

Dark R-Rated Horror Comedy Leaving Netflix Deserves Your Attention

If you’re looking for an underrated A24 horror flick, you better move fast before Bodies Bodies Bodies rounds out its …

7 months ago

Daredevil: Born Again Is Doubling Down On Violence

Fans of the Marvel series that aired on Netflix several years ago — Daredevil, Jessica Jones, The Punisher, Luke Cage, …

7 months ago

nicole kidman netflix

Nicole Kidman Is The New Netflix Queen

After a summer rom com with Zac Efron, Nicole Kidman is now starring in The Perfect Couple on Netflix. This …

7 months ago

Netflix Turns Dorian Gray Into Revamped Series

Netflix is taking a famed Victorian-era literary piece and thrusting it into the modern era in a series about to …

7 months ago

Netflix Stars Respond To Series Cancellation And Apologize To Fans

Similar to Kirby Howell-Baptiste’s portrayal of Death in The Sandman, Netflix may display a colorful and bright personality on the …

7 months ago

The Worst Superhero Movie Is Trending Around The World

Never doubt the world’s love of a bad movie as Madame Web is crawling her way up the charts on …

7 months ago

Violent Action Thriller On Netflix Jumpstarted Legend’s Career

Written and directed by French filmmaker Luc Besson, the action-thriller Leon: The Professional was released in 1994. Despite being only …

7 months ago

Netflix Gets The Tyler Perry Movie That Will Change Your Mind

Diary of a Mad Black Woman is the Tyler Perry movie to watch—not Madea or any of his other roles. …

7 months ago

the conjuring

Horror Franchise Blockbusters Leaving Netflix, Stream Before It’s Too Late

Now that September is here, the clock is officially ticking for horror fans as Netflix is set to remove one …

7 months ago

righteous gemstones

Best Thing Danny McBride Ever Made Is A Hilarious Religious Dramedy, Stream Without Netflix

A lot of Danny McBride’s best, funniest work comes from smaller roles like the explosives expert in Tropic Thunder, or …

7 months ago

Beloved Sci-Fi Comedy Series Gets Ridiculous Conclusion Thanks To Netflix

“Why was there bacon in the soap?!?” If you get that reference, then congratulations; you’re one of the twisted, deranged …

7 months ago

Netflix Horror Comedy Is An Enthralling Yuletide Slaughter

Every once in a while, an excessively violent Christmas-themed horror-comedy comes around that reminds you what family is all about. …

7 months ago

Sonic The Hedgehog Brings Jim Carrey To A Whole New Generation On Netflix

Jim Carrey is an old-school treasure for Gen Xers and older Millennials. But unless their parents show them older movies, …

7 months ago

Chris Hemsworth Action Thriller Flop Finds New Audience On Netflix

Most times when a film flops at the box office, it winds up being obscured from history, or relegated to …

7 months ago

Cast Of Monster: The Jeffrey Dahmer Story

Monster True Crime Series Gets New Season Arrives On Netflix

Two years ago, Ryan Murphy brought the world the captivating true crime series Monster: The Jeffrey Dahmer Story. After massive …

7 months ago

Star-Studded Action Franchise Explodes On Netflix In September

When movie fans think “fall,” they’re likely to envision paranormal hauntings, slashers, and gore-filled features, but we’re here to tell …

7 months ago

Netflix Dark Spy Anime Turns James Bond Into A Superhero

James Bond and superheroes are something pretty much everyone knows about, so when it was announced that an anime combining …

7 months ago

Vulgar R-Rated Comedy Classic From Fan-Favorite Director Leaving Netflix

“I’m not even supposed to be here today!” With those words, Kevin Smith defined a whole generation of slackers who …

7 months ago

Netflix Superhero Flop Proves The DCEU Deserved To Die

The DC Extended Universe (DCEU), while a great idea, ended up not doing nearly as well as it could have, …

7 months ago

baby boy

Nearly-Forgotten Crime Drama On Netflix Unites Fast & Furious Star With Hip Hop Icon

If you’re a fan of the Fast & Furious franchise, you’re certainly aware of Tyrese Gibson, who portrays Roman Pearce …

7 months ago

Oscar-Winning Short On Netflix Is A Must-See Tearjerker

If you’re a fan of emotionally complex storytelling and hand-drawn animation, you may have stumbled across the Netflix original short …

7 months ago

spiderhead

Netflix Original Sci-Fi Thriller Sees Marvel Star Running A Prison

By now, it feels like there are so many Netflix original projects that even those with big-name stars can get …

7 months ago

the shadow strays

The Shadow Strays Comes To Netflix For New Viewers To Discover Spy Thriller

After premiering at the Toronto International Film Festival, Timo Tjahjanto’s new spy thriller is coming to Netflix in October. The …

7 months ago

Netflix Original Biopic Tells True Story Of Iconic Battle MC

These days, it seems as though many pioneers of musical sub-genres have finally been receiving their flowers in the form …

7 months ago

terminator zero

Terminator Zero On Netflix Is Finally Here To Save The Franchise

It’s no secret that the Terminator franchise has struggled to recapture the magic of its first two iconic entries, even …

7 months ago

dead boy detectives

Netflix Cancels DC Series With No Season 2

Netflix has canceled Dead Boy Detectives after its first season—despite great reviews—proving once again that the platform also doubles as …

7 months ago

Gruesome Netflix Original Slasher Is A Nightmare Come To Life

It’s easy for me to scroll right past all of the non-English titles that Netflix has to offer, but sometimes …

7 months ago