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 Heath Ledger Genre-Bending Classic Streaming On Netflix

Hello to all medieval fans and rock enthusiasts! If jousting to the pulsating rhythms of classic rock sounds like a …

1 year ago

starship troopers

Netflix’s Secret Campy Movies Section Has The Streamer’s Silliest Flicks

Sometimes you need just a little silliness on a movie night, flicks that just don’t take themselves seriously really at …

1 year ago

Netflix’s Secret Supernatural Soaps Section Has Some Amazing Streaming Television

Netflix users will know that the streamer comes with all kinds of different genres to search through in order to …

1 year ago

The Tom Cruise Thriller On Netflix That Will Make You Hate Him

Considering that he keeps coming back for sequels to legacy franchises like Top Gun and Mission Impossible, it’s easy to …

1 year ago

netflix

Rurouni Kenshin: The Final Is The Best Live-Action Anime Movie On Netflix

When it comes to legitimately good live-action anime adaptations, the pickings are pretty slim. However, that doesn’t mean they aren’t …

1 year ago

Best Movies Streaming In Netflix’s Secret Witchcraft Section

Netflix junkies will know that the streamer has movie genres sliced and diced every which way you could imagine. And …

1 year ago

Best Movies Streaming In Netflix’s Secret Schemers & Scammers Section

Most of us are well-versed with the plethora of movie and television sections on Netflix. The streamer has flicks in …

1 year ago

christopher meloni

The Christopher Meloni Must-See Netflix Series That Will Explode Your Brain

If you only know Christopher Meloni from the Law & Order family of crime procedurals, then you are missing out …

1 year ago

Jason Statham Marvel

The Jason Statham Sci-Fi Action Gem On Netflix That Packs A Punch

The 2001 Jason Statham science fiction action movie, The One, is currently streaming on Netflix. The film, which features Jet Li …

1 year ago

Best Action Series On Netflix With Female Leads

If you grew up watching shows like Buffy: The Vampire Slayer, then we can guess that you had a pretty …

1 year ago

The Vin Diesel Franchise On Netflix That Started So Differently

Now the lead of a multi-film, billion-dollar-making franchise, it’s hard to believe that there was a time when Vin Diesel’s …

1 year ago

salt 2 angelina jolie

Netflix Movies To Stream If You Love Spy Thrillers

A spy thriller can be fictional, physics-bending joyrides or tense historical dramas. Whatever fits your fancy, our list is a …

1 year ago

Best Sci-Fi Series On Netflix With Female Leads

Women have led some impressive sci-fi series, often bringing fresh and exciting stories to life in innovative ways. Here is …

1 year ago

john candy

The John Candy Classic On Netflix That Is Perfect For A Family Movie Night

Hey there, comedy fans and family movie nuts! If you’re in the mood for a hearty dose of laughs and …

1 year ago

glow feature

Best Movies And Series About Wrestling To Stream On Netflix

Over the years, films that center around the sport of wrestling have been few and far between. Back in the …

1 year ago

Best Netflix Movies For Hostage Situations

Hostage situations are no laughing matter, but sometimes you can’t help but want to fire up Netflix to watch a …

1 year ago

One Of The First Netflix Originals Was A Pee-Wee Herman Movie No One Remembers

These days, everyone is aware that Netflix produces some of the biggest original programming in the entire Hollywood sphere. Films …

1 year ago

Suits Breaks Netflix Streaming Record

According to the latest Neilsen streaming numbers reported by The Hollywood Reporter, Suits has ranked number one overall on Netflix …

1 year ago

Hatchet Wielding Hitchhiker

Netflix’s Best Series Getting Multiple Spin-offs?

Sex Education creator Laurie Nunn says Netflix could see more than a fourth season. Debuting in 2019, the British teen …

1 year ago

See The First Look at Adam Sandler’s New Ridiculous Netflix Movie

Adam Sandler’s new movie, You Are So Not Invited to My Bat Mitzvah, is scheduled to hit Netflix later this …

1 year ago

The Stephen King Surreal Thriller On Netflix That Will Destroy Your Mind

It was only a matter of time before horror maestro Stephen King teamed up with his son, Joe Hill, to …

1 year ago

The Six Relentless Crime Thrillers You Have To Stream On Netflix

Netflix has the streaming movie world completely covered at this point with flicks in every style and genre. And they’ve …

1 year ago

ryan reynolds
brad pitt

The Brad Pitt Bonkers Action Movie On Netflix That Will Put A Smile On Your Face

From his breakthrough role in Ridley Scott’s Thelma & Louise, Brad Pitt has become a household name and proven that …

1 year ago

The Best Movies Streaming In Netflix’s Secret High Brow Horror Category

When it comes to streaming, Netflix pretty much has this whole thing solved with a little something for basically every …

1 year ago

Gal Gadot’s Netflix Bond Movie Is A Hilarious Bust

Gal Gadot’s new Netflix movie, Heart of Stone saw its premiere today, and is already taking quite a beating on …

1 year ago

Stephen King

Five Terrifying Stephen King Movies Streaming On Netflix

It’s time to Get ready for a spine-tingling journey as we explore the chilling corners of Stephen King’s imagination, brought …

1 year ago

Four Thrillers Streaming On Netflix That Are Scary Good

Get ready for a riveting lineup of suspense and supernatural intrigue on Netflix! psychological thrillers to supernatural horror the streaming …

1 year ago

The Ryan Gosling Mega-Hit On Netflix That Is Finding A New Audience

Ryan Gosling has been getting plenty of (rightful) praise for bringing a ton of Kenergy to the Barbie movie and …

1 year ago

matt damon

The Matt Damon Political Thriller On Netflix Nobody Remembers 

Matt Damon has carved out quite an impressive Hollywood career for himself since the days of Good Will Hunting, and …

1 year ago