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


rosario dawson

Rosario Dawson Cast In A Tentpole Disney Blockbuster

Rosario Dawson was just cast in one of Disney’s biggest blockbuster franchises.

3 years ago

the office spin-off

The Office Star Makes $1 Million On Cameo

An actor from The Office is making big bucks on Cameo!

3 years ago

Will Smith Deadshot

Will Smith Returning As Deadshot In New DC Movie?

Will Smith could be returning as the assassin Deadshot in a new DCEU franchise.

3 years ago

leonardo dicaprio jennifer lawrence

See Leonardo DiCaprio And Jennifer Lawrence Try To Save Us From A Comet In The Don’t Look Up Trailer

Watch the brand new teaser trailer for Don’t Look Up starring Leonardo DiCaprio and Jennifer Lawrence.

3 years ago

henry cavill frankenstein

Henry Cavill Planning Many More Netflix Projects?

Netflix has their sights set on Henry Cavill for future projects on the streaming service.

3 years ago

The CW Just Canceled A Fan-Favorite Series

The CW is giving the boot to a new series.

3 years ago

ryan reynolds

A Ryan Reynolds Disaster Is Now Available On Netflix

A Ryan Reynolds misstep of a film is now available for streaming on Netflix. It is worth checking out just to see how far the actor has come

3 years ago

sylvester stallone

A Sylvester Stallone Blockbuster Is Now On Netflix

A Sylvester Stallone classic is streaming on Netflix.

3 years ago

robert rodriguez

A Robert Rodriguez Sequel Just Got A Major Update

Robert Rodriguez has a new sequel in the works.

3 years ago

dwayne johnson ryan reynolds

See Dwayne Johnson, Ryan Reynolds, And Gal Gadot In Netflix’s Red Notice Trailer

Dwayne Johnson, Ryan Reynolds, and Gal Gadot are finally all on the big screen together in the first trailer for Netflix’s Red Notice

3 years ago

brie larson

Exclusive: Brie Larson Getting James Bond Type Film At Netflix

We’ve exclusively learned that Brie Larson is developing a new project at Netflix.

3 years ago

jake gyllenhaal

See Jake Gyllenhaal’s Unnerving Trailer For A New Thriller

Check out the new unnerving trailer for Jake Gyllenhaal’s upcoming thriller.

3 years ago

bambi horror movie

A Major Horror Sequel Is Skipping Theaters For Netflix

A great horror franchise has a new sequel that just got bought by Netflix.

3 years ago

ryan reynolds free guy

See Ryan Reynolds, Dwayne Johnson, and Gal Gadot In Red Notice First Look For Netflix

Check out Ryan Reynolds, Dwayne Johnson, and Gal Gadot all together for their upcoming Netflix movie, Red Notice. It could be a big one.

3 years ago

henry cavill the witcher

How The Witcher Movie Sets Up Henry Cavill’s Story For Season 2

The Witcher movie has set the stage for Henry Cavill in Season 2.

3 years ago

justin timberlake

Justin Timberlake Will Star In Reptile With Benicio Del Toro

Justin Timberlake is headed to Netflix.

3 years ago

jason momoa

Another Jason Momoa Movie Is Getting A Sequel?

Is this Jason Momoa movie about get a part two?

3 years ago

netflix

Netflix Fans Trying To Cancel Show Accused Of Inhumane Animal Training

Fans are trying to get the Netflix show Canine Intervention canceled citing concerns about cruelty to the animals in the show.

3 years ago

bob ross netflix

The Bob Ross Netflix Documentary Is Being Besieged By Controversy

A Netflix documentary about Bob Ross has a ton of controversy surrounding it and how it depicts parts of the artist and celebrity’s life

3 years ago

manifest netflix

Manifest Saved By Netflix, See The Amazing Reactions

Manifest was just saved by Netflix and will return for a fourth, and final, season. Check out the awesome reactions by cast, crew and fans.

3 years ago

hilary swank cobra kai season 5

Netflix Has Decided About Cobra Kai Season 5

Cobra Kai Season 5: is it happening or has Netflix given the show the axe?

3 years ago

eddie murphy

Eddie Murphy Teaming With Another Comedy Superstar In New Netflix Movie

Eddie Murphy is getting together with Netflix and another comedy star.

3 years ago

seth rogen

Seth Rogen’s Most Controversial Movie Is Coming To Netflix

The most controversial Seth Rogen movie is coming to Netflix next month.

3 years ago

adam sandler

Adam Sandler Forced To Change His New Movie By Netflix

Adam Sandler revealed that Netflix made him change his newest movie.

3 years ago

henry cavill

Henry Cavill’s Salary For The Witcher Revealed

Just how much is Henry Cavill being paid for The Witcher on Netflix? A recent report has revealed surprising numbers.

3 years ago

ryan reynolds pirates of the caribbean feature

Ryan Reynolds Just Gave a Surprising Update For His Netflix Movie

Ryan Reynolds has a big update for an upcoming Netflix movie.

3 years ago

netflix

A Netflix Original Movie Is Being Removed Due To Controversy

Netflix is removing this film after years of controversy.

3 years ago

brandon routh

Brandon Routh Is Leading A Major Fantasy Series on Netflix

Brandon Routh is starring in a major fantasy series coming soon to Netflix. This could be a really popular offering for the streamer.

3 years ago

stranger things season 4

Stranger Things Season 4 Will Be Its Darkest Yet

Stranger Things season 4 is about to get a lot darker.

3 years ago

zack snyder's justice

Zack Snyder’s Next Netflix Movie Has An Awesome Update

Here’s the latest update from Zack Snyder on his next Netflix movie.

3 years ago