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 Netflix Sci-Fi Crime Thriller Series Turning Viewers Into Detectives

While we still find ourselves wondering if Mindhunter will ever get picked up for a third season, it’s worth noting …

10 months ago

narcos mexico

The Netflix Crime Thriller Series Spinoff Better Than The Original

Narcos: Mexico is a Netflix streaming series created by Chris Brancato, Carlo Bernard, and Doug Miro. The crime drama series …

10 months ago

The Netflix R-Rated Dark Western Turns A Hero Into A Monster

Although they’re known for creating some incredible original content, Netflix wouldn’t be the gargantuan streaming platform that it is without …

10 months ago

Netflix Documentary Exploring Controversial TikTok Orthodontist

Most moviegoers associate A24 with wild horror films such as Hereditary, Midsommar, and Bodies, Bodies, Bodies, but they also take …

10 months ago

The Netflix True Crime Series Leaving Viewers Shocked

The true crime documentary miniseries Jeffrey Epstein: Filthy Rich is available to stream on Netflix. Consisting of four episodes, the show is based …

10 months ago

Stranger Things Fan-Favorite Character Not Returning For Season 5

As fans of the show anxiously await the arrival of Stranger Things Season 5 on their Netflix watchlist, news about …

10 months ago

Netflix With Ads Is Doing Shockingly Well

People may not be too happy about it, but Netflix with ads is doing pretty well for the streaming company. …

10 months ago

Netflix Pulls Movie From Platform After Activists Complain

It has been a highly tumultuous year for the arts, as labor disputes like the WGA and SAG-AFTRA strikes tip …

10 months ago

The Netflix Sci-Fi Thriller Series Gives Fans Plenty To Binge

The sci-fi television drama The 100, available to stream now on Netflix, tells the story of Earth after a major …

10 months ago

Netflix Releases Epic Alexander The Great Trailer

History buffs and Netflix bingers rejoice: the streaming giant has released an excessively epic trailer for their upcoming documentary series, Alexander: …

10 months ago

the imperfects

The Netflix Sci-Fi Thriller Series That Deserves Another Season

Canadian sci-fi series The Imperfects debuted on Netflix in September 2022, promising viewers a unique twist on the superhero genre. Despite a …

10 months ago

The R-Rated Netflix Crime Thriller Viewers Can’t Stop Watching

Netflix is inviting audiences to sit down, relax, and put on a happy face with the addition of Todd Phillips’s …

11 months ago

Denzel Washington Defeats Zack Snyder As The King Of Netflix

There’s just no keeping Denzel Washington down as The Equalizer 3 is now the top film streaming on Netflix, knocking …

11 months ago

Stranger Things Boycott Grows Over Season 5 Due To One Actor

Now that Stranger Things season 5 is finally in active production, fans are in an uproar because Noah Schnapp was …

11 months ago

The Netflix Action Crime Series Starring An Oscar Winner

One of the biggest names in action, Academy Award winner Michelle Yeoh may be best known for her butt-kicking roles …

11 months ago

Netflix Kills Over 100 Shows As Streamer Plans Big Changes

The words exchanged between friends and family over the last week may have been “Happy New Year,” but in the …

11 months ago

The Netflix Dark Crime Thriller That Continues Causing Controversy

Charles Bronson’s Death Wish was a massive hit upon its release in the ’70s, but it also generated plenty of …

11 months ago

david harbour

Stranger Things Season 5 Begins With Striking Photo

Production is officially underway on Stranger Things Season 5. The news was revealed via Netflix and the show’s official X account, which …

11 months ago

frankenstein nicolas cage

Netflix Nabs HBO Star For Guillermo Del Toro Frankenstein

Jacob Elordi will be starring in a Guillermo del Toro adaptation of Frankenstein for Netflix. And just to be perfectly …

11 months ago

golden hour

The Netflix Crime Thriller Series Hooking Viewers Right Out The Gate

The 2022 Dutch thriller series The Golden Hour is available to stream on Netflix. The show stars Nasrdin Dchar, Ellen Parren, Matteo …

11 months ago

aniara

The Max Sci-Fi Thriller Strands You In Space And Gets Even Scarier

If you’re searching for a sci-fi film blending the concrete dread of space with the existential crisis represented by climate …

11 months ago

The Netflix ’70s Crime Thriller Still Hasn’t Been Topped In Decades

In over a hundred years of cinematic history, we’ve never been able to come to a unanimous decision on the …

11 months ago

those who wish me dead

The Netflix Action Crime Thriller Burns With Tension And Excitement

If you’ve seen any of director Taylor Sheridan’s work thus far, you may think that his 2021 release Those Who …

11 months ago

Netflix Daredevil Official Marvel Canon In Disney Show?

Echo executive producer Brad Winderbaum says Netflix’s Daredevil series is canon in the Marvel Cinematic Universe, forming part of its central timeline. “I …

11 months ago

The Netflix Crime Thriller Series Fans Can’t Stop Watching

Gripping British crime thriller Fool Me Once has captured the attention of Netflix viewers since debuting on the platform on January 1. …

11 months ago

Netflix Turned Down Giant Hit Follow-Up According To Creator

The Queen’s Gambit has been a huge hit for Netflix, but according to its creator, Scott Frank, the streamer turned …

11 months ago

The Netflix Stephen King Dark Thriller That Will Keep You Awake All Night

The 2017 psychological horror thriller Gerald’s Game is available to stream on Netflix. Directed by Mike Flanagan, the movie is based on …

11 months ago

Love Is Blind Lawsuit Alleges Abuse, Drug Use, And Imprisonment

Love is Blind has been a major trash TV hit for Netflix, but it seems like everything may not be …

11 months ago

The Greatest Anti-Superhero Movie Ever Made Is Finally On Netflix

Although Aquaman and the Lost Kingdom may be shark chum at the global box office, Netflix is stepping in to …

11 months ago

Rebel Moon Reviews All Say The Same Thing About Netflix Sci-Fi Epic

There’s a lot to admire about Zack Snyder’s work, particularly movies such as 300, Man of Steel, and Zack Snyder’s …

11 months ago