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


henry cavill

Netflix’s The Witcher Season 3 Numbers A Disaster With Henry Cavill Leaving

The Witcher Season 3, Henry Cavill’s last, has seen a reduction in viewership on Netflix.

1 year ago

Wednesday

Best Fantasy Series On Netflix With Female Leads: Jenna Ortega, Alba Baptista, And More

In what had once been a rare treat is now almost commonplace and for good reason. Female-led fantasy series’ have …

1 year ago

The Jeff Bridges Fantasy Epic On Netflix Nobody Remembers

Jeff Bridges always brings a little something to every role, and he is rightfully remembered for his iconic (and laconic) …

1 year ago

Best Anime Series On Netflix

When it comes to watching anime, there are certainly more robust selections than the offerings available on Netflix. However, just …

1 year ago

henry rollins rock guitar

Punk Rock Icon Stars In Netflix Horror Comedy That Will Shock You

When it comes to musical icons making the cross into the world of filmmaking, the industry has never been at …

1 year ago

peaky blinders

Best Mafia Series On Netflix

Throughout the history of television and film, we have been treated to many series and movies that follow organized crime, …

1 year ago

A Mark Wahlberg Comedy On Netflix Is Non-Stop Laughs

While he might have first come on the scene because of his music prowess and some darker early roles, Mark …

1 year ago

will smith

Will Smith’s Most Inspirational Movie On Netflix Is A Must-See

Get ready to be inspired by the incredible talent of Will Smith in the heartwarming movie The Pursuit of Happyness, …

1 year ago

The Owen Wilson Thriller On Netflix That Is A Suspenseful Nailbiter

Owen Wilson isn’t exactly known for crushing it on the action thriller front, but there’s a movie on his resume …

1 year ago

tom hardy

The Tom Hardy Western On Netflix Everyone Has Rudely Forgotten

Tom Hardy is undeniably one of the biggest movie stars in the world, having delivered remarkable performances in blockbusters like …

1 year ago

Best Mystery Series on Netflix: Puzzles, Thrills And Murder Streaming Now

A good mystery series is hard to beat. Whether it’s a detective story, police procedural, or legal drama, there’s a …

1 year ago

One Of Eddie Murphy’s Most Iconic Movies Is Finally Hitting Netflix

It’s been a long time coming, but Eddie Murphy’s iconic 1988 rom-com Coming To America is finally coming to Netflix. …

1 year ago

Jackie Chan And John Cena’s New Buddy Action Movie Just Hit Netflix

If you’re an action film junkie, you’re probably very familiar with the work of Jackie Chan, one of the fiercest …

1 year ago

Channing Tatum’s Military Movie On Netflix Is A Tearjerker

Channing Tatum stars with Amanda Seyfried in Dear John

1 year ago

paul walker takers

A Paul Walker Heist Movie On Netflix Is An Action-Packed Thrill Ride

Get ready for an adrenaline-pumping heist as the late and beloved Paul Walker stars in the electrifying movie Takers, now …

1 year ago

jennifer garner

Barbie Is Now A Massive Hit On Netflix

Usually, movies based on a popular brand are only made to promote that brand. Barbie bucked this trend by creating …

1 year ago

Fast X

Fast And Furious Franchise Heading To Netflix

Fans of the Fast and Furious movies might have a binge-watch in their future, as the first five films of …

1 year ago

Amy Adams man of steel

Amy Adams Feel-Good True Story Is Leaving Netflix

July is almost over, which means time is running out to check out Julie & Julia on Netflix. Based on …

1 year ago

Netflix Saving Another Canceled Show After Massive Streaming Numbers?

Netflix has long destroyed viewership numbers with shows including Stranger Things and Squid Game, but it’s a canceled series that’s …

1 year ago

salma hayek

The Salma Hayek Adventure Movie That’s Destroying The Competition On Netflix

With a career as lengthy as Salma Hayek’s, the critically-acclaimed actress has seen her fair share of cinematic hits. Now, …

1 year ago

The Denzel Washington Soul-Crushing Movie Leaving Netflix

Get ready to embark on a heart-pounding journey as the incomparable Denzel Washington takes to the skies in the gripping …

1 year ago

Exclusive: Battle Royale Series In Development At Netflix

Netflix is home to countless international properties that have found new audiences on streaming, and the streamer seems to understand …

1 year ago

one piece

Netflix’s One Piece Live-Action Series Will Include The Franchise’s Best Scene

The highly anticipated live-action series adaptation of the acclaimed anime One Piece is arriving on Netflix next month, and fans …

1 year ago

New Insane Reality Show Uses Deepfakes Of Partners Cheating On Spouses

The newest Netflix series a deepfake reality show, Falso Amor, which will show AI videos of partners cheating.

1 year ago

netflix lord rings
patrick swayze

Patrick Swayze Was Never Better Than In This Action Movie Classic On Netflix

Patrick Swayze stars in Road House which is streaming on Netflix

1 year ago

Aaron Eckhart Turns Classic Movie Monster Into Superhero In Netflix Action Movie

Prepare to embark on a dark and action-packed journey as Aaron Eckhart breathes life into the iconic character of Frankenstein’s …

1 year ago

dark souls 3

Exclusive: Dark Souls Anime In The Works For Netflix

Netflix isn’t giving up on anime adaptations just yet. Our trusted and proven sources tell us the streamer is developing …

1 year ago