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


colin farrell

The Colin Farrell Serial Killer Thriller Streaming On Netflix

In the world of psychological thrillers, a film often needs to strike a fine balance to captivate its audience fully. …

1 year ago

bill skarsgard

The Bill Skarsgard Psychological Crime Thriller Streaming On Netflix

Bill Skarsgård can definitely do creepy. In a chilling landscape where sinister characters and intertwining destinies carve out a tale …

1 year ago

Michael C. Hall

The Michael C. Hall Science Fiction Mystery Movie On Netflix

Prepare yourself for a thrilling journey that bridges time and a series of enigmatic crimes in In the Shadow of …

1 year ago

The Chris Pine Historical Action Movie Streaming On Netflix

Prepare to traverse the rugged landscapes of 14th-century Scotland with Chris Pine in the riveting historical drama, The Outlaw King, …

1 year ago

The Alexander Skarsgård Action Thriller On Netflix Is Incredibly Intense

In the depths of Alaska’s wild and merciless wilderness, a chilling narrative unfolds that blurs the lines between man and …

1 year ago

brad pitt

The Brad Pitt Epic Western Drama Streaming On Netflix

In a cinematic tapestry that weaves passion, adventure, and family dynamics into one epic tale, Legends of the Fall stands …

1 year ago

the crown diana

Netflix’s The Crown Will Include The Biggest Wedding Ever In Its Final Season

According to The Hollywood Reporter, the sixth and final season of The Crown on Netflix will feature the wedding of …

1 year ago

One Piece Creator Explains Why The Live-Action Netflix Series Is A Hit With Fans

One Piece creator Eiichiro Oda told ET Canada he kept close watch over the live-action adaptation of the anime series …

1 year ago

breaking bad better call saul

Breaking Bad Star Makes No Money From Netflix Streams

It’s been almost two months since the Screen Actors’ Guild joined the Writers’ Guild of America on strike. There are …

1 year ago

The Anthony Mackie Netflix Horror That’s A Surprise Audience Favorite

Supernatural horror-comedy We Have A Ghost is currently streaming on Netflix. Directed by Christopher Landon, the movie is based on Geoff Manaugh’s …

1 year ago

Jenna Ortega Wednesday

Jenna Ortega’s Wednesday Cancels Fan-Favorite Character, Here’s The Allegations

The Emmy-nominated TV show Wednesday will be returning for a second season, but one of its fan-favorite characters will not …

1 year ago

don't worry darling
guy pearce

The Guy Pearce Horror Movie On Netflix That Will Terrify You

In the ever-evolving roster of horror films streaming on Netflix, one stands out as a newer beacon of the supernatural …

1 year ago

night agent

The Crime Thriller Netflix Series Stephen King Calls A Firecracker

Stephen King, the legendary American author of horror, supernatural fiction, suspense, crime, science-fiction, and fantasy novels, doesn’t shy away from …

1 year ago

The Epic Timothee Chalamet Movie On Netflix That Went Completely Unnoticed

Despite slipping under the radar and being largely forgotten in recent years, Timothée Chalamet delivered a compelling performance in the …

1 year ago

The Musical Drama Streaming On Netflix That’s More Like A Sports Movie

Settle in for a gritty yet inspirational journey as we traverse the raw and impassioned streets of Detroit with none …

1 year ago

The 80s Throwback Sci-Fi Adventure On Netflix That’s A Nostalgia Trip

80s movie nostalgia is all the rage these days, and we’ve seen two different versions of throwback content play out …

1 year ago

The Best Hostage Negotiation Movie Ever Is On Netflix, And It’s A True Story

In a world where danger can lurk in the most unexpected places, Tom Hanks brings to life the harrowing true …

1 year ago

The Willem Dafoe Sci-Fi Thriller On Netflix That Keeps You On The Edge Of Your Seat

Willem Dafoe is known for consistently delivering top-notch performances. Up next, he’ll take on the role of a novelist with …

1 year ago

george clooney midnight sky

The George Clooney Sci-Fi Thriller On Netflix That Will Tug At Your Heartstrings

Over the course of his long and impressive career, George Clooney has starred in all sorts of films that will …

1 year ago

netflix

Netflix Just Fired One Of The Stars Of Their Biggest Show Over Allegations

An article from The Daily Mail claims that actor Percy Hynes White has reportedly been written out of the second …

1 year ago

clint eastwood

The Clint Eastwood Powerful Drama On Netflix That Will Make You Cry

Clint Eastwood spent decades of his long and decorated career portraying the living embodiment of machismo with characters like Harold …

1 year ago

A Forgotten Dwayne Johnson Action Thriller Crushing On Netflix That Needs A Sequel

Secure your seatbelts because we’re about to dive into a world where action meets drama in a riveting blend that …

1 year ago

jason statham

The Jason Statham Action Thriller On Netflix Is His Most Intense Ever

Years before Jason Statham took on the recurring role of Lee Christmas in the Expendables franchise, he starred in Crank. …

1 year ago

The Netflix Psychological Thriller That Will Make Your Skin Crawl

Australian psychological horror film Run Rabbit Run is currently streaming on Netflix. Directed by Daina Reid from a script by Hannah Kent, the story …

1 year ago

one piece

One Piece Live-Action Star’s Favorite Anime Isn’t One Piece

Emily Rudd, the actress who plays Nami in Netflix’s live-action adaptation of One Piece, says her all-time favorite anime is Made in …

1 year ago

The Sci-Fi Action Movie On Netflix With Humanity Fighting Ghosts

Netflix is the place to catch all the best dramas under one streaming roof and now, sci-fi fans have yet …

1 year ago

jason statham crank high voltage

The Jason Statham Action Sequel On Netflix That’s Crazier Than The Original

Hold onto your seats, because if you thought the first installment was a wild ride, you haven’t seen anything yet! …

1 year ago

The Best Superhero Origin Movie Ever Is Streaming On Netflix

In a landscape saturated with superhero flicks, there emerges a beacon of ingenuity and raw narrative power that arguably set …

1 year ago

sylvester stallone

The Greatest Sylvester Stallone Movies Are Leaving Netflix

The first five films in the Sylvester Stallone Rocky franchise will be leaving Netflix soon. Although every installment told a compelling story, …

1 year ago