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


guillermo del toro
the gray man chris evans

See Ryan Gosling And Chris Evans At War In Action-Packed The Gray Man Trailer

The trailer for the new Ryan Gosling-Chris Evans action thriller The Gray Man is here and we have some facial hair related thoughts.

3 years ago

stranger things season 4

Stranger Things Fans Extremely Unhappy With Season 4’s Episodes For One Reason

Stranger Things Season 4 is just days away, but one huge element about the new season has been upsetting fans across the board.

3 years ago

stranger things season 4
johnny depp

A Johnny Depp Disaster Is Climbing The Charts On Netflix

This one was not the most popular.

3 years ago

Dacre Montgomery

Major Characters Dying in Stranger Things Season 4?

Deaths are a part of any big series, and it sounds as if some big-name characters will be dying as a result of the events in Stranger Things Season 4.

3 years ago

love death robots season 3 robot

Love, Death + Robots Season 3 Review: The Best Season Yet

Love, Death + Robots Season 3 brings the celebrated anthology animation series back to Netflix and it’s better than it has ever been. Check out our full review here!

3 years ago

stranger things season 5 millie bobby brown

Stranger Things Creators Furious At Netflix Over Season 4

Spoilers ruin everything!

3 years ago

umbrella academy

See A Fan-Favorite Umbrella Academy Hero Come Back From The Dead In Season 3 Trailer

Umbrella Academy is finally back, and the season three trailer offers a look at an alternate academy, and the return of a fan-favorite character.

3 years ago

jennifer lopez

Jennifer Lopez Shares An Emotional Look At The Realities Of Her Life In New Video

Superstar Jennifer Lopez posted a short video revealing some of her closely guarded personal life in anticipation of new project.

3 years ago

Netflix account sharing

Netflix Just Laid Off Over 200 Employees After Major Loss

The increasingly embattled streaming giant Netflix has just announced over 200 worker layoffs as it tries to deal with its recent setbacks.

3 years ago

chris hemsworth

Chris Hemsworth Psychologically Tortures Miles Teller In Spiderhead Trailer

You’ve never seen Chris Hemsworth like this!

3 years ago

netflix workin moms

Netflix’s Best Sci-Fi Series Is Coming Back

One of Netflix’s most watched series is reportedly coming back to the subscription-based streamer after several years off the air

3 years ago

neve campbell

Neve Campbell Has The #1 New Show On Netflix And Audiences Are Loving It

And it has nothing to do with masked serial killers!

3 years ago

the sandman

Neil Gaiman Criticized The Sandman’s Lead For Acting Like The Wrong DC Hero

Neil Gaiman was recently interviewed alongside the lead of The Sandman, and he chastised the man for trying to sound too much like another DC hero.

3 years ago

the witcher blood origin

The Witcher: Blood Origin Release Date Revealed?

It’s on the way!

3 years ago

ana de armas

Ana De Armas’ Director Responds To Controversial NC-17 Rating

Blonde director Andrew Dominik says he’s surprised his movie was hit with an NC-17 rating.

3 years ago

Bridgerton cast

A Huge Star From Bridgerton Has Been Recast

A star from the hit Netflix series, Bridgerton, has been officially recast for the upcoming third season that will begin production soon.

3 years ago

Lance Reddick

See Lance Reddick As Resident Evil’s Worst Villain In New Trailer

Lance Reddick is set to to appear as one of the most iconic Resident Evil villains, in the new teaser trailer for the live-action series.

3 years ago

norm macdonald

Norm Macdonald Recorded One Final Stand-up Set Before His Death

We couldn’t leave us without more laughs.

3 years ago

harrison ford
chris hemsworth

A Chris Hemsworth Bomb Is Blowing Up On Netflix

People apparently love it now?

3 years ago

Billy Crystal

The Best Team-Up Movie Billy Crystal Ever Did Is Now On Netflix

Billy Crystal has been in plenty of team-up movies through his illustrious career, but now his most famous team-up is currently streaming on Netflix.

3 years ago

melissa mccarthy
Cobra kai cast

Terry Silver And Chozen Face Off In The Fantastically Hyped Cobra Kai Season 5 Trailer

Just when we thought Cobra Kai had given us all the action they had, they dropped a Season 5 trailer that was so high energy, we won’t need our morning coffee.

3 years ago

Disney+

A Major Streaming Service Is Cracking Down On Subscribers

One of the most popular streaming content platforms in the world looks like they are looking into cracking down on subscribers.

3 years ago

will smith

Will Smith Is Finally Appearing On A Talk Show, But There’s A Catch

Well, this will be interesting.

3 years ago

brad pitt

Brad Pitt Was Banned From An Entire Country For A Controversial Movie Now Streaming On Netflix

One of the films that saw Brad Pitt rise to superstardom also got the beloved actor banned for over a decade in a country.

3 years ago

chris evans

See Chris Evans Covered In Blood After Filming Latest Movie

The newest Chris Evans movie is going quite well, and the man decided to show off a behind-the-scenes image of his fresh blood and bruising from the film.

3 years ago

tom hanks

Tom Hanks Plays A Despicable Character In A Fan-Favorite Movie Now On Netflix

Tom Hanks finally succeeded at playing an utterly hateable character in this much-beloved movie now streaming on Netflix.

3 years ago