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


citadel premiere

Prime Video’s Mega-Millions Series Citadel Is Defeated By Netflix’s Barbecue Showdown

If you haven’t heard of the Amazon Prime series Citadel, you’re not alone, as the show is already being considered …

1 year ago

Samuel L Jackson

The Samuel L. Jackson Mystery On Netflix You’ll Be Trying Hard To Solve

There are few things as consistently enjoyable as Samuel L Jackson in a Quentin Tarantino film. While all of Tarantinto’s …

1 year ago

henry cavill

Henry Cavill’s The Witcher Beaten By A Comedy Special

Forbes reports that Season 3 of The Witcher, starring Henry Cavill, has lost its number one spot on Netflix’s top …

1 year ago

emma stone

The Emma Stone Sex Comedy On Netflix That Will Break Your Funny Bone

Emma Stone has built an entire acting career off of being the cute and relatable “girl next door,” so the …

1 year ago

jamie foxx feature

The Jamie Foxx War Movie On Netflix That Will Knock You Out Of Your Seat

From Quentin Tarantino action flicks to Disney Pixar animated films, Jamie Foxx has appeared in just about every Hollywood genre …

1 year ago

daniel craig star wars

Daniel Craig’s Best James Bond Film Is Leaving Netflix

The name’s Craig, Daniel Craig and from 2006 until 2021 he was the face of the James Bond franchise. Over …

1 year ago

dreamscape netflix

Exclusive: Netflix Rebooting Dreamscape With Spike Jonze

Dennis Quaid (The Day After Tomorrow) made a lot of sci-fi movies in the 1980s that are far too often …

1 year ago

sex education netflix

Sex Education Is Canceled By Netflix

Popular Netflix series Sex Education will end with season four. The final season of the British teen sex comedy drama will debut …

1 year ago

netflix

Exclusive: Netflix Giving Black Mirror Creator New Series Called Alternate Realities

Apparently, Netflix is convinced Black Mirror creator Charlie Brooker has another anthology hit to give them. Our trusted and proven …

1 year ago

netflix

Netflix Is The New Home For Multiple HBO Original Shows

According to The Hollywood Reporter, things have gotten dire enough for Warner Bros. Discovery to shake hands with a competitor: …

1 year ago

miles teller

The Forgotten Miles Teller War Movie On Netflix That Will Break Your Heart

Ever since Top Gun: Maverick became a runaway hit, Miles Teller has become a more popular actor than ever before. …

1 year ago

natalie portman

Natalie Portman Stars In The Smartest Sci-Fi Movie On Netflix

Sure, when it comes to Natalie Portman and sci-fi most people’s minds go to her role as Padmé Amidala in …

1 year ago

yellowstone kevin costner

Two Underrated Kevin Costner Titles On Netflix Every Fan Needs To See

If you’re a Kevin Costner fan, Netflix has added some solid entertainment for you to check out this week. Costner …

1 year ago

chris hemsworth mad max

Chris Hemsworth’s Awful Fantasy Movie Is Somehow Crushing On Netflix

These days, Chris Hemsworth is most well known for his portrayal of Thor, but in between Marvel movies, he played …

1 year ago

channing tatum

The Channing Tatum Action Movie On Netflix That Is Blowing Away The Competition

White House Down was recently released on Netflix, and the decade-old film is making a surprising comeback. According to FlixPatrol, after releasing on …

1 year ago

the witcher season 3

How Geralt Became The Witcher Explained 

The Witcher is one of those franchises where timelines and character origins are especially difficult to keep track of, especially …

1 year ago

henry cavill witcher

Netflix Desperately Reminding People Henry Cavill Is In The Witcher Season 3

It has long been reported that Henry Cavill, who played Superman in the soon-to-be-defunct DC Universe, was leaving Netflix’s fantasy …

1 year ago

New Narnia Movies Happening For Netflix

Barbie director Greta Gerwig will write and direct two movies for Netflix based on The Chronicles of Narnia fantasy novels by British author …

1 year ago

The Arnold Schwarzenegger Netflix Documentary Series Audiences Are Loving

ARnold Schwarzenegger’s documentary series on Netflix is a massive critical and popular success.

1 year ago

night agent

Director Of Acclaimed Netflix Series Reveals Why Company Won’t OK Physical Release

A hit Netflix series may become unwatchable in the future, but the director has a plan, though there’s still one major problem.

1 year ago

BigBug Is The Weirdest Sci-Fi Movie On Netflix

Bigbug, a sci-fi film about household appliances gone amok, is the oddest film streaming on Netflix.

1 year ago

Cast Of Monster: The Jeffrey Dahmer Story

Monster Season 2 Finds Its Next Serial Killers

Monster Season 2 will cover the Menendez brothers, played by Cooper Kock and Nicholas Alexander Chavez.

1 year ago

sylvester stallone

Sylvester Stallone Documentary Series Heading To Netflix

Sylvester Stallone’s upcoming Netflix series will be exactly like Arnold Schwarzenegger’s Arnold.

1 year ago

witcher premiere

The Witcher Season 3 Premiere Review: A Fun, Bloody Start To Cavill’s Send Off

The Witcher season 3 premiere is worth the wait, though the story could use a more selective focus.

1 year ago

denzel washington

The Denzel Washington Forgotten Drama On Netflix That Will Leave You Speechless

Denzel Washington stars in Hard Lessons, the gripping true story of a high school principal on a mission.

1 year ago

tom hardy spider-man venom

The Tom Hardy Action Epic On Netflix That Will Make Your Heart Race

If you’re looking for excitement, this Tom Hardy movie is the right film to stream.

1 year ago

bill murray

The Bill Murray Classic On Netflix That Everyone Needs To See

Groundhog Day is streaming on Netflix.

1 year ago

jackie chan rush hour

Jackie Chan Kicks Butt In An Action-Packed Trilogy Coming To Netflix

The Rush Hour trilogy will soon be streaming on Netflix.

1 year ago

margot robbie

Exclusive: David Fincher Making Sci-Fi Serenity’s Edge For Netflix, Margot Robbie Eyed For Lead

David Fincher is bringing another movie to Netflix, and it’s a sci-fi story that will bend and blow your mind!

1 year ago

squid game season 2

Squid Game Makes Nearly $1 Billion For Netflix And The Creator Sees Almost None Of It

Squid Game is Netflix’s biggest hit, but thanks to a lop-sided contract, the series creator made no money off of it.

1 year ago