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 Matt Damon Dystopian Sci-Fi Movie On Netflix That Needs A Prequel

Delve into a dystopian future where the chasm between the elite and the impoverished has reached its pinnacle. In Elysium, …

1 year ago

Stream The Best Firefighter Movie Ever Made On Netflix

Hold onto your helmets and get ready to feel the heat! Backdraft, a fiery classic from the early ’90s, is …

1 year ago

snowpiercer

Marvel Icon Is Humanity’s Last Chance In Unique Sci-Fi Action Thriller On Netflix

Chris Evans has played a few heroes, like Captain America and the Human Torch, but you don’t often get to …

1 year ago

fair play

The Erotic Thriller On Netflix That Leaves You Begging For More

The erotic thriller is a genre that has the potential for tantalizing titillation and exhilarating excitement, but writers and directors …

1 year ago

ripd

Ryan Reynolds Hunts The Dead In Netflix Action Horror

Ryan Reynolds has found his true calling as Deadpool since appearing as the non-mouth-sewn-shut version of the character in 2016. …

1 year ago

snowpiercer

The Dystopian Sci-Fi Thriller On Netflix Takes Climate Change To A Terrifying Extreme

Journey into a post-apocalyptic world unlike any other with Snowpiercer, streaming now on Netflix. Directed by the visionary Bong Joon-ho, …

1 year ago

tom cruise

The Tom Cruise Crime Thriller On Netflix Based On A Real CIA Operation

If you like your action films with more of a real-world spin nothing beats 2017’s American Made. The Tom Cruise-led …

1 year ago

ballerina

John Wick Ballerina Spinoff Too Late, Netflix Already Has One Streaming

Revenge movies are all the rage these days, and can you really blame audiences for having an unquenchable thirst for …

1 year ago

brad pitt

The Brad Pitt Superhero Movie Crushing On Netflix

If you think that Brad Pitt is only a live-action actor, then you need to check out Megamind (currently #2 …

1 year ago

zone 414 sci-fi

The Cyberpunk Sci-Fi Thriller On Netflix With A Disturbing Prediction About Robots

Hop into the cyberpunk universe of Zone 414, now streaming on Netflix. In a world where humans and androids coexist, …

1 year ago

The Russell Crowe Classic On Netflix Based On A Real American Hero

Dive into the gritty world of the Great Depression with Cinderella Man, now streaming on Netflix. Russell Crowe takes center …

1 year ago

cloverfield paradox

The Sci-Fi Horror Sequel On Netflix That Demands Another Franchise Movie

Journey into a realm where science fiction meets the unexpected in The Cloverfield Paradox, now streaming on Netflix. As the …

1 year ago

spectral

The Sci-Fi Thriller On Netflix Needs An Entire Movie Universe

Dive into a world where science fiction meets military action in Spectral, now streaming on Netflix. When mysterious supernatural phenomena …

1 year ago

The Post-Apocalyptic Sci-Fi Horror On Netflix That Will Force Your Eyes Shut 

We get it: dark, post-apocalyptic narratives oversaturate our era. But Netflix’s Bird Box, available on the streaming giant now, is not to …

1 year ago

The Christina Hendricks Crime Series On Netflix About Housewives Breaking Bad

If you need a funny, action-packed network television show in which to indulge, Good Girls is now streaming in its …

1 year ago

sleight movie

The Sci-Fi Crime Thriller On Netflix Is A True Hidden Gem

Thanks to streaming, there are so many movies to choose from that it’s easy for something to fall between the …

1 year ago

The Hilary Swank Sci-Fi Thriller On Netflix If You Love Black Mirror

If you’re a fan of Black Mirror or like weird sci-fi plots that take place in a dystopian future, then …

1 year ago

The Overlooked Netflix Comedy Just As Crazy As The Hangover

If you’re a fan of The Hangover, then you’re probably a fan of bachelor party movies where things don’t go …

1 year ago

Liam Neeson Is A Disgraced Detective In Dark Netflix Thriller

Liam Neeson, as a grizzled detective in a neo-noir thriller, is like peanut butter and chocolate — it just makes …

1 year ago

Vikings Valhalla

Netflix Cancels Vikings: Valhalla And Kills The Franchise

Variety reports that Netflix has put an end to Vikings: Valhalla, stating that the series’ third season will be its …

1 year ago

The Elizabeth Banks Action Thriller On Netflix That Demands You Pay Attention

Long before her career as a filmmaker brought her to directorial credits for films such as Cocaine Bear, Elizabeth Banks …

1 year ago

The Netflix Crime Thriller Is #1 And Audiences Are Loving It

The newest Netflix thriller, Reptile, recently premiered on the streamer, and it’s already a hit. The Benecio del Toro-led film …

1 year ago

Netflix Renews Castlevania: Nocturne For Season 2

One of the best video game adaptations is getting another season, as Deadline reported that Netflix has renewed Castlevania: Nocturne. …

1 year ago

safe house

The Denzel Washington Spy Thriller On Netflix That Deserves A Franchise

As great as The Equalizer is, it’s not the only Denzel Washington action movie that deserves to get a franchise. …

1 year ago

The Paul Rudd Comedy On Netflix That Makes LARPs Look Cool

The popular 2008 film, Role Models, is now streaming on Netflix. It’s directed by David Wain (Wet Hot American Summer) …

1 year ago

robert de niro

The Robert De Niro Road Trip Comedy On Netflix That’s A Hall Of Fame Classic

There’s nothing quite like a well-written road trip movie to bring out the best in an actor. And when that …

1 year ago

The Ryan Reynolds Supernatural Superhero Movie Streaming On Netflix

Step into a fantastical realm where the line between the living and the dead blurs. In R.I.P.D., Ryan Reynolds takes …

1 year ago

one piece

Netflix’s One Piece Showrunner Reveals The Next Anime He Wants to Bring Into Live-Action

Following the resounding success of Netflix’s live-action One Piece adaptation, showrunner Steven Maeda says he would love to tackle the Spy x Family anime. …

1 year ago

The Most Hilarious Time Travel Movie Streaming On Netflix

Buckle up for a wild and hilarious trip through time! Hot Tub Time Machine, now bubbling away on Netflix, thrusts …

1 year ago