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


Netflix Sports Action Thriller Was Supposed To Star A Rap Legend

Boxing fanatics or fans of hardcore sports movies in general may already be aware of the 2015 classic brawling thriller …

2 months ago

Netflix Developing Series Based On One Of The Most Beloved Novels Of All Time

Netflix has a new Pride and Prejudice series in the works, but Jane Austen fans should contain their excitement for …

2 months ago

Netflix Top Movie Is An R-rated Over-The-Top Blockbuster

By now, just about everyone is aware of the hit action franchise Bad Boys starring Will Smith and Martin Lawrence. …

2 months ago

Adam Sandler Sci-Fi Is Dominating Netflix

Netflix subscribers are quite familiar with the comedic talent of Adam Sandler, as many of the Sand-Man’s best films are …

2 months ago

david harbour

Stranger Things Season 5 Recasting Character

Stranger Things Season 5 will see many familiar faces returning, but one role is being recast. A recent casting call …

2 months ago

President Fights For Popular Netflix Show

It’s not every day that a president goes to bat for a television show. For example, can you imagine if …

2 months ago

Netflix Holiday Horror Film Is A Disturbingly Fun Gore-Fest

Now that we’re officially entering the holiday season, it seems like as good a time as any to start getting …

2 months ago

Beloved Marvel Character Is Gobbling Up The Competition On Netflix

We are very close to the arrival of the third and final installment of Sony’s Venom franchise and now audiences …

2 months ago

Will Smith Reunites With Controversial Blockbuster Director

The pair that brought us the Bad Boys franchise 20 years ago are contemplating a reunion to make Fast and …

2 months ago

The Vulgar Netflix Comedy We Can’t Believe Was Ever Made

If you were upright and cognizant during the early 2000s, then you likely remember the veritable onslaught of ridiculous comedies …

2 months ago

Netflix Sitcom Set In the ‘90s Is A Criminally Underrated Hidden Gem

Derry Girls is a great coming-of-age sitcom set in Northern Ireland during the 1990s, at the end of The Troubles. …

2 months ago

Kristen Bell’s Netflix Series Is Making A Major Change Before Season 2

When it comes to streaming, especially Netflix, these days, fans always have to be at least a little on edge …

2 months ago

Netflix Hit Action-Thriller Announces Season 3 Months Before Season 2 Arrives

The Night Agent has been renewed for a third season, which is only surprising news because the second season hasn’t …

2 months ago

The Most Popular Netflix Series Is A Sweet Rom-Com No One Saw Coming

Romantic comedies (rom-coms) used to rule the theater, but today, only two have achieved any level of success: Anyone But …

2 months ago

The Most Divisive Story On Netflix Is Now Top Choice On Streamer 

Last month, Ryan Murphy dropped the latest installment of his true-crime-centered anthology series, Monsters: The Lyle and Erik Menendez Story …

2 months ago

Netflix Cancels Another Fantasy Comedy After Season 1

Despite premiering less than two months ago, Netflix has canceled Kaos, the Jeff Goldblum-led fantasy comedy series that took a …

2 months ago

Netflix Makes A Decision About The Night Agent Season 3 Before Season 2 Starts

When Netflix, or really any streamer, has a hit on its hands, there isn’t much question about what will happen …

2 months ago

Will Smith And Michael Bay Reuniting For A Massive Netflix Movie

Could we get a match made in silly action heaven? It looks closer to reality, with recent words, as if …

2 months ago

Reality TV Superstar Wants Famous Murderers Released From Prison

According to a shocking new report, reality television star Kim Kardashian has penned a plea to the California court system, …

2 months ago

Will Smith Is Reuniting With His Best Director Thanks To Netflix

Any assumption that “The Slap” would derail Will Smith’s career went away after the success of Bad Boys: Ride or …

2 months ago

Netflix Just Canceled A Fan Favorite Revival Series

Don’t get too attached to your favorite streaming series, folks; you never know if it’s actually going to last. Such …

3 months ago

Netflix Cancels Sequel Series And No One Is Surprised

That 90s Show has been officially canceled by Netflix after its second and third installments had lackluster performances on the …

3 months ago

The Best Comedy Sequel Of All Time Is Now On Netflix

Comedy is hard, and making a sequel to a beloved comedy movie is even harder, as for every Ghostbusters 2, …

3 months ago

Smash Hit Showtime Psychological Horror Series Is Now On Netflix

Now that Showtime is no longer, having been consumed by its parent company Paramount and merged into Paramount+, shows that …

3 months ago

monster house

Netflix Supernatural Horror Comedy Is A Blast For The Whole Family

Monster House is a surprisingly straightforward supernatural horror movie with an animated kid-friendly approach that makes it the perfect family …

3 months ago

Ryan Murphy Netflix Controversy Doesn’t Stop Another Star-Studded Series Getting Started

At this point, it seems like absolutely nothing could slow down Ryan Murphy’s success rate, not even the controversy surrounding …

3 months ago

kevin feige

How Kevin Feige Encouraged The MCU’s Worst Ending

While we found the show far better than the haters did, She-Hulk: Attorney At Law arguably had the worst ending …

3 months ago

Menendez Family Doesn’t Pull Punches With Netflix Monsters Takedown

When it comes to taking a real-life story and adapting it for the big or small screen, there are going …

3 months ago

Chris Brown Documentary Announced With New Domestic Violence Accuser

Controversial musician Chris Brown will be the subject of an upcoming documentary that chronicles the hip-hop artist’s seemingly lengthy and …

3 months ago