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 High-Stakes Drama On Netflix About The App That Changed The World

Showtime may have unceremoniously removed Super Pumped from its streaming service early this year, but that’s good news for Netflix …

1 year ago

squid game season 2

Squid Game Becoming Real, How You Can Be Part Of It

If you’re truly psychotic, you may have watched the Netflix series Squid Game and thought that it might be a …

1 year ago

afterlife

The Sci-Fi Movie On Netflix Deals With The Afterlife In A Whole New Way

Step into a world where the afterlife has been scientifically verified, and the implications of this revelation reverberate through society. …

1 year ago

skylines

The Sci-Fi Action Movie On Netflix Continues An Epic Franchise

Prepare for an intergalactic showdown unlike any other. Skylines, the exhilarating third installment in the much-talked-about Skylines franchise, is now …

1 year ago

bella thorne

The Steamy Bella Thorne Thriller On Netflix Is A Fatal Attraction Ripoff

Step into a world of obsession, deception, and high-stakes drama with Bella Thorne in You Get Me. Now streaming on …

1 year ago

code 8 netflix

The Stephen Amell Superhero Movie On Netflix That Deserves Its Own Franchise

The 2019 sci-fi action film Code 8 is streaming on Netflix. Directed by Jeff Chan, the movie is based on a 2016 …

1 year ago

the colony

The Gritty Sci-Fi Thriller On Netflix Where Earth Is A Wasteland

The Colony on Netflix is an English language German-Swiss science fiction movie from Tim Fehlbaum. Originally titled Tides, it premiered …

1 year ago

The Brad Pitt Spy Thriller On Netflix So Suspenseful You Can’t Look Away

Brad Pitt’s Spy Game is currently streaming on Netflix, and if you overlooked this film upon its release, you may …

1 year ago

kidnapping stella

The Abduction Thriller On Netflix Keeps You Guessing

Step into a world where suspense meets psychological drama in Kidnapping Stella, now streaming on Netflix. This taut thriller weaves …

1 year ago

one piece

One Piece Confirms Rumors About Major Star In Season 2

Popular Netflix live-action series, One Piece, didn’t have much of a publicity tour premiering alongside industry strikes. But with the writer’s …

1 year ago

penelope cruz

The Penelope Cruz Spy Thriller On Netflix Based On A Crazy True Story

Step into the intricate world of espionage with Wasp Network, a thrilling drama featuring the inimitable Penelope Cruz. Based on …

1 year ago

intrusion

The Home Invasion Thriller On Netflix Will Have You Locking The Doors

Prepare for a gripping descent into psychological suspense with Intrusion, now captivating streaming audiences on Netflix. In a world where …

1 year ago

despicable me feature

The Superhero Parody On Netflix That’s Better Than Despicable Me

It seems that every few years, Hollywood encounters a strange phenomenon that sees two movies released around the same time …

1 year ago

The Jackie Chan Revenge Thriller On Netflix Is One Of His Best Movies

Jackie Chan is widely regarded as one of the most highly successful stuntmen-turned-actors in the history of cinema, having appeared …

1 year ago

The Home Invasion Horror On Netflix That Became An Instant Cult Classic 

With Halloween just around the corner, it’s prime time for watching scary movies. The Strangers on Netflix starts like any …

1 year ago

sex education netflix

Cancelled Netflix Series Now The Most Popular On The Streamer

According to Deadline, the final season of Sex Education, Netflix’s teen sex comedy-drama, has become the streamer’s highest-rated series launch …

1 year ago

into the badlands

The Post-Apocalypse Martial Arts Series Leaving Netflix You Need To See

As many of our readers will know, the first of the month means one thing – streamers shake up the …

1 year ago

Netflix account sharing

Netflix Raising Prices Again With Strike Over?

Netflix is known for its aggressive monetization, pricing, and ads strategy; according to Collider, the streaming giant is planning yet …

1 year ago

netflix

The Blockbuster Anime Dominating Netflix Features The Best Animation Of All Time 

While it’s tough to beat everything that Crunchyroll has to offer, Netflix has increasingly become a reliable source of quality …

1 year ago

The Russell Crowe Blockbuster Epic On Netflix That Never Gets Old

We have just over a year before we can witness the epic historical drama that is Gladiator 2, so we …

1 year ago

Netflix Brings Back Classic Anime As Modern Murder Mystery

Pluto, a new anime series based on the popular manga of the same name created by Naoki Urasawa and Takashi …

1 year ago

liam neeson

The Liam Neeson Western On Netflix Has His Most Unique Role Ever

Step into the wild, untamed landscapes of the Old West with The Ballad of Buster Scruggs on Netflix, an anthology …

1 year ago

The Amazing Superhero Sequel On Netflix That Needs A Full Trilogy

Step into the web-slinging world of New York City where Andrew Garfield dons the iconic red and blue suit once …

1 year ago

Everyone Wants Brad Pitt Dead In This Fun Netflix Thriller 

Most of the time, everyone loves Brad Pitt. He’s fun, charming, handsome, and has made some pretty good movies. But …

1 year ago

sam worthington

The Tense Sam Worthington Action Nail-Biter On Netflix

Dive into the high-stakes world of Man on a Ledge, where every second counts, and the line between innocence and …

1 year ago

tom cruise oblivion

Saw Star Hunts Tom Cruise In Suspenseful Netflix Thriller 

Tobin Bell, the actor behind one of horror’s most iconic villains, Jigsaw from Saw, hunts Tom Cruise in the suspenseful …

1 year ago

robert de niro

Robert De Niro Is Ruthless In This Explosive Heist On Netflix

The 1995 classic crime drama Heat is currently streaming on Netflix. Starring acting legends Al Pacino and Robert De Niro, …

1 year ago

florence pugh

The Disturbing Florence Pugh Horror On Netflix Is Almost Too Creepy

Immerse yourself in a chilling narrative where the boundaries between the living and the dead blur. Malevolent, featuring the brilliant …

1 year ago

amanda seyfried

The Terrifying Amanda Seyfried Supernatural Horror Movie On Netflix

Dive into a world where the boundaries between reality and the supernatural blur, as Netflix presents its latest chilling offering, …

1 year ago

steven yeun