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


Hatchet Wielding Hitchhiker

Netflix Cancels Controversial Series After Just One Season

Netflix canceling shows has become commonplace, and the newest show to be canceled is a controversial series that lasted only one season.

2 years ago

netflix mindhunter

Netflix Has One Department That Is Absolutely Failing

Let’s light a fire under this, Netflix.

2 years ago

sandra bullock

Sandra Bullock’s Blockbuster Action Comedy Just Landed On Netflix

Sandra Bullock has a career that reaches back to the 1980s. The beloved actress has done everything from big-budget action …

2 years ago

denzel washington roman j. israel, esq

Denzel Washington’s Most Intense Movie Is Streaming On Netflix Now

Denzel Washington is a two-time Academy Award-winning actor that is well-known for committing to the roles he plays onscreen. Bursting …

2 years ago

the sandman

Netflix’s The Sandman Is Only Getting One Reaction From Everybody

Fans have been patiently waiting to see The Sandman on Netflix, and the reviews coming out are saying the same thing about the new series.

2 years ago

first kill netflix

First Kill Showrunner Blames Cancelation On Netflix For A Strange Reason

The First Kill creator has come up with a weird reason why Netflix canceled the series after just one season.

2 years ago

kevin spacey the usual suspects

Kevin Spacey To Pay Ridiculous Amount Of Money Over Sexual Misconduct Allegations

Kevin Spacey’s legal team tried to vacate a huge financial decision, but the actor still has to pay millions after misconduct allegations.

2 years ago

will smith

A Will Smith Time Travel Movie Is Crushing On Netflix

Will Smith may be in a pretty weird place in pop culture right now, but this time travel movie of his is crushing it on Netflix.

2 years ago

stranger things season 5

Stranger Things And Metallica Are Collaborating Once Again

Stranger Things made Metallica quite popular, not that the band needed much help in that department, but the show and band are also officially collaborating.

2 years ago

charlize theron monster

Charlize Theron Movie Shut Down By Huge Fire

Charlize Theron is currently filming her role in a long-awaited sequel film she starred in, but that film has since been shut down by a huge fire.

2 years ago

stranger things season 5 millie bobby brown

Stranger Things Has Failed To Achieve A Huge Record

Stranger Things Season 4 has risen to be one of the most watched shows in Netflix history, but the series has failed in achieving a highly coveted record.

2 years ago

Hatchet Wielding Hitchhiker

Netflix Cancels Hit Series After Only One Season

Netflix has been canceling shows a lot lately, and a new hit vampire series is the newest in a long line of cancelations, which is sure to upset fans.

2 years ago

slumdog millionaire

Slumdog Millionaire Star Broke Up A Knife Fight

It looks like the star of Slumdog Millionaire was able to break up a knife fight before anyone was gravely injured.

2 years ago

Netflix account sharing

The Best Comedy Fantasy In Cinema History Is Streaming On Netflix

It’s the best — there’s no contest.

2 years ago

ethan hawke

An Overlooked Ethan Hawke Sci-Fi Movie Is Streaming On Netflix

Ethan Hawke is never to be underrated but this science fiction classic now on Netflix definitely has been overlooked.

2 years ago

Ana de Armas No Time to Die

Ana De Armas Is Getting Destroyed For Her Latest Role

Ana de Armas is one of the best actresses in the world, but she is currently being destroyed on Twitter for a crucial element in her new film.

2 years ago

gal gadot snow white

See Gal Gadot Celebrate A Wrap On Her Latest Film

Gal Gadot has been a monster in the film world, as she continues to garner big roles. Her most recent leading feature has wrapped filming, and the actress celebrated on Instagram.

2 years ago

Regé-Jean Page bridgerton

Netflix Is Suing Bridgerton Fans

Bridgerton is one of the most popular shows on Netflix, leading to fans making their own show dedicated to the series. However, that fan show is now being used.

2 years ago

David Harbour Stranger Things

David Harbour Thought Stranger Things Would Fail Almost Immediately

David Harbour is a key part of Stranger Things’ success, but he didn’t think it would even get a second season.

2 years ago

ana de armas

Ana de Armas Transforms Into Marilyn Monroe In NC-17 Blonde Video

Ana de Armas has taken on the role of Marilyn Monroe in a big way, as her look and voice are eerily similar to the famous starlet for the new Blonde trailer.

2 years ago

Netflix

Netflix Is Losing Their Best Series

One of Netflix’s best shows, something that’s been on almost from the beginning, is soon leaving the streamer

2 years ago

sandman

See Netflix’s Sandman Watch As His Sister Kills A Man

The Sandman is set to debut on Netflix on August 5th, and we have been given a video of Sandman and Death together in a scene.

2 years ago

Hatchet Wielding Hitchhiker

Netflix Is Making A Movie About The Craziest Software Developer Of All Time

Netflix is going to produce a new documentary that is going to cover the life of the craziest software developer that has ever existed.

2 years ago

guillermo del toro

See Guillermo Del Toro’s Pinocchio Come To Life

The long-awaited trailer for Guillermo Del Toro’s Pinocchio is finally here, and the trailer opens with a rather nightmare fuel look at Jiminy Cricket.

2 years ago

ana de armas
stranger things season 5

Stranger Things Episodes Are Being Changed And Re-Edited

The Duffer Brothers are rumored to be changing and editing things from earlier Stranger Things episodes, which might anger fans.

2 years ago

mark wahlberg

See Mark Wahlberg Save Kevin Hart From A Giant Cat In Me Time Trailer

Mark Wahlberg is set to take on the role of the crazy best friend in Me Time, as he convinces Kevin Hart to come out for a vacation, which includes a giant cat attack.

2 years ago

ryan gosling
natalia dyer
Netflix

Netflix Adds An Extra Home Fee

Instead of lowering the monthly payment for the service, Netflix is beginning to roll out a new “home fee” for households that share an account.

2 years ago