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


The True Crime Mystery Series Netflix Revived Still Creeps Us Out

When Unsolved Mysteries released in 1987, the series aired on NBC and was hosted by Robert Stack. The series documents …

8 months ago

dakota fanning

Dakota Fanning Talks About Replacing Gwyneth Paltrow Character In Netflix Ripley Series

Dakota Fanning is stepping into the role of Marge Sherwood in Ripley, an eight-episode adaptation of Patricia Highsmith’s 1955 novel, …

8 months ago

Netflix Shonen Anime Is Famous For Gorgeous Battles Across Generations

Every season of JoJo’s Bizarre Adventure has a different plot and new faces. No matter who becomes the new focus …

8 months ago

Netflix Adds Dystopian Sci-Fi Tearjerker Inspired By Genre Classic Children Of Men

The 2021 dystopian sci-fi film Night Raiders is available to stream on Netflix. The movie is written and directed by Danis Goulet, …

8 months ago

starman

Netflix Gets The Best 1980s Sci-Fi Movie You Haven’t Seen In Decades

The 1984 sci-fi romance Starman is streaming on Netflix. The movie is directed by John Carpenter from a script by Bruce …

8 months ago

parasyte the grey

Netflix Scores 100% On Rotten Tomatoes With New Sci-Fi Horror Series

The latest offering on Netflix is a Korean sci-fi horror series Parasyte: The Grey, based on the popular manga by …

8 months ago

dwayne johnson

The Rock Is About To Become The King Of Netflix

WWE’s flagship program, Monday Night Raw, will move to Netflix in 2025 as part of a monumental streaming agreement valued at …

8 months ago

Netflix Avatar: The Last Airbender Gets Another Huge Shakeup, Is The Series Cursed?

Avatar showrunners seem to last about as long as a cart of cabbages. According to reports, Netflix’s live-action Avatar: The …

8 months ago

Netflix Adds One of the Most Classic Sci-Fi Stories in History with Blockbuster Epic

When Orson Scott Card first conceived of a short story about a gifted kid in a futuristic battle with alien …

8 months ago

Netflix Wednesday Creators Rebooting Sci-Fi Box Office Hit

If you loved what the writers of Wednesday did with the Addams’ story, you’ll be interested in what Alfred Gough …

8 months ago

The Sci-Fi Movie So Bad It Should Have Killed The Franchise, But Didn’t

Zombies are the least of Alice’s problems.

8 months ago

Netflix One Piece Actor Teases Appearance Of Fan-Favorite Character In Season 2

In a behind-the-scenes video recently posted on X, Jacob Gibson, the actor portraying the witty sniper and inventor Usopp, has …

8 months ago

mortal engines 1

The Netflix Sci-Fi Steampunk Dystopia No One Saw In Theaters Finds Second Life On Streaming

In 2018 a steampunk dystopian film called Mortal Engines was released. It cost Universal Pictures between $100 and $150 million …

8 months ago

Martin Scorsese’s The Irishman Is A Masterpiece In The Wrong Form

Martin Scorsese’s The Irishman is, by all accounts, a fantastic film that delves into the inner workings of American organized …

8 months ago

glass movie

The Divisive Sci-Fi Thriller On Netflix That Ended A Fan-Favorite Trilogy

Director M. Night Shyamalan is best known for horror movies and twist endings, but he doesn’t get enough credit for …

8 months ago

The Popular Dystopian Anime Finally Coming To Netflix

Netflix announced that Overlord will be among several anime titles that will be available for streaming this month. Along with …

8 months ago

jon bernthal spider-man 4

Jon Bernthal Is Back And Bloody In Punisher Set Pics

When it comes to captivating portrayals of comic book characters on TV, few have left a lasting impression as Jon …

8 months ago

aggretsuko

The Netflix Death Metal Comedy Anime That Will Make You Turn It Up To 11

Aggretsuko is a Japanese animated comedy series on Netflix with a hard-rocking soundtrack that is best enjoyed with the volume …

8 months ago

The Best M. Night Shyamalan Movie Is Now On Netflix 

If you haven’t watched the Unbreakable trilogy, you are missing out. The second film of the three, Split, is arguably …

8 months ago

marvel defenders

The Worst Netflix Marvel Actor Is Hinting At A Return

Iron Fist star Finn Jones took to Instagram to post what some Marvel fans are speculating might be a return …

8 months ago

Seven Deadly Sins: Four Knights of the Apocalypse

Fate Of Seven Deadly Sins: Four Knights of the Apocalypse Season 2 Announced

The popular anime series The Seven Deadly Sins: Four Knights of the Apocalypse has been picked up for a second season. The …

8 months ago

netflix

Netflix Snooped On Facebook Users’ DMs According To Court Documents

Netflix and Meta are about to have a lot of heat on them. According to recent court documents, Meta allegedly …

8 months ago

Gaming Exec Sentenced To Death For Murdering Netflix’s 3 Body Problem Producer

As 3 Body Problem became the latest Netflix sensation with its debut on the streaming platform last week, some of …

8 months ago

dresden files

Magical Fantasy Series That Deserves A Remake Can Be Streamed Without Netflix

If you enjoy shows like Buffy the Vampire Slayer or Jessica Jones, it’s a safe bet that you’re a fan …

8 months ago

Einstein Goes To Hell In Re-Enactment Of 3 Body Problem’s Joke

3 Body Problem was released just last week on Netflix, and it has already become the platform’s big new show. …

8 months ago

vikings netflix

Netflix Gets The Best Historical Epic War Drama Series In Years

It took quite some time for the Norsemen to invade the lands of the U.S. Streaming giant Netflix has acquired …

8 months ago

lex luthor