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


Nicolas Cage Netflix Docuseries Is As Profound As It Is Profane

History of Swear Words begins with Nicolas Cage standing up from his comfy chair, looking directly into the camera, and …

4 months ago

Netflix Comedy Classic Still Holds Up 30 Years Later

Can you believe that’s its been 30 years since Jim Carrey and Jeff Daniels originally teamed up to bring us …

4 months ago

colin farrell

HBO Gets Dune And The Penguin Series, Max Losing Prestige Streaming Status?

There has been much talk in the last couple years about the bubble perhaps being on the verge of bursting …

4 months ago

Netflix R-Rated A-List Thriller With Awful Rotten Tomatoes Score Finds New Fans

With a dismal score of only 12 percent on Rotten Tomatoes, you might not be compelled to watch The Boy …

4 months ago

Stranger Things Creators Producing New Netflix Horror Series With Perfect Title

Stranger Things creators, the Duffer brothers, have just been announced as executive producers of a recently announced series from streaming giant …

4 months ago

Netflix Fantasy Epic Flop Deserves A Second Chance

With films and TV shows like Fallout, Arcane, Uncharted, The Last of Us, Sonic the Hedgehog, and The Super Mario …

4 months ago

Netflix Superhero Comedy Is The Best Comic Book Parody Of The Decade

Sometimes, I look at the state of modern superhero media and I channel my inner Joker by asking “why so …

4 months ago

hillbilly elegy c

Netflix True Story Drama Shoots Into Top 10 After Real-World Events

On Tuesday, November 16, Donald Trump announced that he had chosen JD Vance to be his running mate. This was …

4 months ago

Netflix Sci-Fi Epic Series Is The One Anime Everyone Needs To Binge

Anime isn’t everyone’s thing, and that’s fine, but sometimes there are anime that just need to be watched by everyone …

4 months ago

Netflix Makes Bid For Kevin Costner Horizon

Could Netflix be the eventual home of Kevin Costner’s Horizon: An American Saga franchise? World of Reel reported that the …

4 months ago

Monty Python and the Holy Grail

Netflix Fantasy Comedy Classic Is The Most Quotable Movie Ever

Killer bunnies. Coconuts. Shrubberies. Flying cows. Towers filled with naughty girls, three-headed homicidal knights, and witches falling victim to the …

4 months ago

the long game

Netflix #1 Movie Is A Texas True Story

Julio Quintana’s The Long Game has steadily risen to the top of Netflix’s charts. Released to the streaming service on …

4 months ago

unbreakable

Forgotten Superhero Classic That Never Needed A Sequel, Stream Without Netflix

Before the MCU, before even Tobey Maguire made his cinematic debut as Spider-Man, there was M. Night Shyamalan’s Unbreakable. This …

4 months ago

this is us

Netflix Award-Winning Series Is The Tearjerker Champion Of All Time

It must be some kind of magic that creator Dan Fogelman has because This Is Us is one of the …

4 months ago

Netflix Sci-Fi Time Travel Mystery Completely Overlooked Gets Second Chance

Time travel has been a popular fictional subject at least since H.G. Wells wrote and published his popular novel The …

4 months ago

vanished into the night

New Netflix Thriller Is Every Parent’s Worst Nightmare

When a father named Pietro goes through a hotly contested divorce from his wife Elena, he discovers their two children …

4 months ago

Netflix Terminator Zero Reveals Franchise’s Glorious Return, See The Proof

The Terminator franchise almost immediately grew into a classic for the sci-fi and action genres when the first movie debuted …

4 months ago

she-ra netflix

Netflix Fantasy Reboot Of 80s Classic Series Is Better Than The Original

In 2018, Netflix debuted She-Ra and the Princesses of Power, a cartoon reboot to end all reboots. The new series …

4 months ago

fatal attraction

Netflix Losing The Best 80s Suspense Thriller, Stream Before It’s Gone

Streaming giant Netflix recently gave the list of films that will be leaving the platform through the end of July, …

4 months ago

stranger things 5

Netflix Releases Stranger Things 5 Video That Gets Fans Hyped

The official Stranger Things YouTube channel uploaded a short behind-the-scenes trailer earlier this morning. Featuring interview snippets with lead cast …

4 months ago

the meyerowitz stories

Netflix Star-Studded Original Is Beloved Filmmaker’s Underrated Best

You may know legendary filmmaker Noah Baumbach from his catalogue of popular Netflix originals such as Marriage Story or White …

4 months ago

thanksgiving

Netflix R-Rated Violent Horror Slasher Is Controversial Director’s Best Movie

Eli Roth is one of the most divisive names in cinema. Gorehounds hail the director for his uncompromising commitment to …

4 months ago

Netflix Screwball ’90s Comedy Brings Together Unbelievable Talent Roster

There are few genres of film harder to pull off than the screwball comedy. If filmmakers don’t imbue the film …

4 months ago

role models

Netflix Losing Raunchy R-Rated Buddy Comedy Gem, Stream Before It’s Gone

Viewers are about to lose Netflix access to one of the greatest comedies of the 2000s later this month as …

4 months ago

vikings valhalla

Netflix Dark Historical Drama Back With New Season Of Blood And Guts

The final season of the Vikings: Valhalla series on Netflix is ready for streaming. Executive producer and co-creator Jeb Stuart …

4 months ago

side effects

Dark R-Rated Conspiracy Crime Thriller Is As Underrated Mystery, Stream Without Netflix

Side Effects has slipped silently under the radar amid other more blockbuster-esque films about the pharmaceutical industry, mental health issues, …

4 months ago

Netflix Gets The Best Godzilla Minus One Version We Can’t Wait To See

Godzilla Minus One was one of the best films of 2023 and is also possibly one of the best kaiju …

4 months ago

star trek picard

Patrick Stewart Joins Netflix Comic Adaptation With Michael Bay Circling To Direct

Legendary actor Patrick Stewart is set to star in an upcoming Netflix show based on a fantasy comic book. Barbaric …

4 months ago