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


kanye west

See The First Look At Netflix’s Kanye West Documentary

Netflix released the first look at the upcoming Kanye West documentary series Jeen-Yuhs. It will be an intimate look at the artist

3 years ago

tom sturridge sandman

The First Terrifying Look At Tom Sturridge As Sandman Is Here

After a long wait of over a year, Netflix has finally debuted the first look teaser of The Sandman featuring Tom Sturridge as Dream.

3 years ago

cowboy bebop trailer

The Live-Action Cowboy Bebop Trailer Is Here, And It’s The Full Opening Credits

The first Cowboy Bebop trailer is here and it’s the full opening credits. Fans of the original series are going to absolutely love this

3 years ago

bingeclock

Bingeclock Is An Invaluable Tool For TV Binge-Watchers

Bingeclock may be a powerful tool for binge-watchers, or it may be completely useless.

3 years ago

cowboy bebop

Netflix Releases Awesome Cowboy Bebop Poster Ahead Of Trailer

Netflix is letting us see a wicked poster for the live action adaptation of Cowboy Bebop in the lead-up to the trailer!

3 years ago

tiger king 2 netflix

Tiger King 2 Star Bashes The Directors

Tiger King 2 is comi g under fire from one of its main subjects.

3 years ago

megan fox

See Megan Fox Go Full Vampire In Night Teeth Trailer

Check out the trailer for Megan Fox’s new horror thriller Night Teeth!

3 years ago

tiger king season 2

Tiger King Season 2 Coming To Netflix This Year

Joe Exotic couldn’t stay away forever! Tiger King Season 2 is coming out this year!

3 years ago

britney spears

Britney vs Spears Teaser Promises A Fiery Battle In New Documentary

The Netflix documentary Britney vs. Spears is set to detail the Britney Spears legal saga. You can see the first trailer for the movie here

3 years ago

netflix

Netflix Just Bought The Rights To A Legendary Author’s Entire Catalog

Netflix said it plans to create a universe of projects across animated and live-action films and TV, publishing, games, immersive experiences, live theater, and consumer products.

3 years ago

netflix password sharing

Netflix Has A New Free Plan For Certain Users

Netflix is free if you are fall into a specific category of consumer.

3 years ago

jennifer lopez

A Jennifer Lopez Movie Is Conquering Netflix

A Jennifer Lopez movie is taking over Netflix.

3 years ago

henry cavill

Henry Cavill Explains How Fatherhood Changes His Character In The Witcher Season 2

Henry Cavill says The Witcher season two will focus a lot on fatherhood and how that changes Geralt.

3 years ago

the handmaid's tale

The Handmaid’s Tale Now Holds An Embarrassing Record

The Handmaid’s Tale just broke a record it probably didn’t want to break.

3 years ago

denzel washington

A Denzel Washington Movie Is Dominating On Netflix

An underrated Denzel Washington movie is crushing it on streaming right now, currently sitting at number two overall on Netflix

3 years ago

the witcher season 3

Henry Cavill Revealed His Insane Recovery Routine For The Witcher Season 2 Injury

Henry Cavill sustained an injury on the set of The Witcher and faced an uphill climb with his recovery. He recently detailed the process

3 years ago

seinfeld

See The Hilarious Way Netflix Is Promoting Seinfeld

See the hilarious trailer that Netflix put together for the “premiere” of Seinfeld. The classic sitcom will be on the streamer coming soon

3 years ago

giancarlo esposito

Giancarlo Esposito Starring In Netflix Choose Your Own Adventure Movie

Giancarlo Esposito’s next project is going to be a choose your own adventure styled work for Netflix with Ridley Scott at the helm

3 years ago

addison rae

Netflix Is Paying Addison Rae A Ridiculous Amount Of Money

Netflix has worked out a deal with Addison Rae that will pay her a ton of money for new content. There are a lot of possibilities here.

3 years ago

dan levy

Dan Levy Just Signed A Massive Deal With Netflix

Dan Levy, of Schitt’s Creek fame, has just signed a big deal with Netflix. We should see him quite a bit more on the streaming platform now

3 years ago

nicolas cage

Nicolas Cage Knows When He’s Going To Retire

Nicolas Cage has said exactly when he plans to retire.

3 years ago

michael keaton

A Michael Keaton Movie Is Topping The Charts On Netflix

A Michael Keaton movie is moving up the charts on Netflix. This one is worth seeing and a slightly different look for the acclaimed actor

3 years ago

netflix

Netflix Sued For Millions Of Dollars Over Sexism In One Of Their Most Popular Shows

One of Netflix’s most popular shows has earned the network a lawsuit!

3 years ago

jake gyllenhaal

Jake Gyllenhaal’s Next Movie Was Completed In A Ridiculous Amount Of Time

Jake Gyllenhaal’s upcoming flick was made in record time!

3 years ago

patrick stewart

Patrick Stewart Has One Of The Top Five Movies On Netflix

Patrick Stewart has a movie taking off on Netflix. Here’s what to know about it.

3 years ago

gwendoline christie

Gwendoline Christie Just Joined One Of Netflix’s Most Anticipated Shows

Gwendoline Christie has just been cast in one of the most highly anticipated Netflix series!

3 years ago

idris elba luther movie

Idris Elba Is Making A Luther Movie For Netflix, Our Scoop Confirmed

Idris Elba’s move to Netflix has now officially been confirmed.

3 years ago

netflix

Netflix Ending Fan-Favorite Show Later This Year

Netflix has said this next season will be the last.

3 years ago

mary elizabeth winstead

Mary Elizabeth Winstead Has The #1 Movie On Netflix

Here’s everything to know about the new Mary Elizabeth Winstead movie taking off on streaming.

3 years ago

hayley atwell

Hayley Atwell Cast As Lara Croft In New Tomb Raider

Hayley Atwell is the new Lara Croft for Tomb Raider at Netflix.

3 years ago