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


scarlett johansson

Scarlett Johansson’s Anticipated Netflix Movie Is Canceled And Fans Are Not Happy

Nancy Meyers’ rom-com Paris Paramount – which Scarlett Johansson was in talks to star in – has been canceled at Netflix.

2 years ago

Netflix’s Best Series Finally Gets Season 2 Release Date After Far Too Long

Sweet Tooth season 2 will release on Netflix on April 27th.

2 years ago

stranger things

Netflix Subscribers Want The Company To Stop Doing One Irritating Thing With TV Seasons

According to a new report, Netflix subscribers are tired of the streamer splitting the season releases of its popular original TV series.

2 years ago

last of us

Netflix Beats The Last Of Us In The Streaming Wars With One Popular Show

Netflix’s dark thriller You beat out HBO Max’s The Last of Us to claim the top spot on the Neilsen streaming chart.

2 years ago

chris rock netflix

Chris Rock’s Will Smith Joke Has Been Canceled By Netflix, Are They Censoring Other Things?

One of the jokes Chris Rock made about Will Smith on his Netflix special Selective Outrage has been edited out because the comedian messed up the delivery.

2 years ago

Will Smith Last of Us

Will Smith’s Netflix Movie Is Back On, Career Fully Recovered?

Will Smith’s Netflix movie Fast and Loose is back in production after being put on hold following the Chris Rock slap at the 2022 Oscars.

2 years ago

streamers

The Funniest Show On Television Is Coming Back Soon, Here’s The Date

I Think You Should Leave will return to Netflix on May 30.

2 years ago

jenna ortega wednesday

Jenna Ortega Almost Passed On Wednesday For A Very Silly Reason

Jenna Ortega almost passed on Wednesday because she did not want to get locked into a television role and potentially miss film jobs.

2 years ago

New Girl Is Leaving Netflix, Here’s Where To Stream Zooey Deschanel’s Popular Sitcom

New Girl is leaving Netflix after 10-years and will be available to stream on Hulu and Peacock starting on April 17th.

2 years ago

the witcher cast

The Witcher Fans Are Attacking Netflix For Their Arrogance About The Fantasy World

Netflix announced that they are changing The Witcher lore, and fans are not happy.

2 years ago

millie bobby brown

Millie Bobby Brown Reveals Her Future After Stranger Things Ends

Post-Stranger Things, Millie Bobby Brown wants to direct films.

2 years ago

adam driver

An Intense Adam Driver Drama Is Top Of The Charts On Netflix

Adam Driver’s This Is Where I Leave You, a family -drama starring Jason Bateman and Tina Fey, is now in Netflix’s Top Ten just days after being added to the service.

2 years ago

Hatchet Wielding Hitchhiker

Netflix Defeated The Courts In Order To Show Documentary About Religious Sex Cult

Netflix defeated an injunction against In the Name of God: A Holy Betrayal that tried to stop the documentary from airing.

2 years ago

Netflix jojo's bizarre adventure

Netflix Is Giving The Most Famous Child Molester Of All Time A Series

A true crime series based on the most infamous child molester of all time, Gary Glitter, is coming to Netflix.

2 years ago

Scarlett Johansson

Scarlett Johansson’s Next Movie Will Be The Most Expensive Of Its Type Ever To Be Made

Scarlett Johansson is reportedly circling the lead role of an upcoming Netflix rom com directed by Nancy Meyers with a staggering budget of between $130 and $150 million.

2 years ago

bradley cooper

Bradley Cooper’s Wildest And Raunchiest Film Is Dominating Streaming

Bradley Cooper’s Hangover 3 is the second most popular movie on Netflix.

2 years ago

Jeff Bridges

Jeff Bridges’ Worst Movie Of All Time Is Somehow Killing It On Netflix

R.I.P.D., the box office disaster comic book film starring Jeff Bridges and Ryan Reynolds, is a hit on Netflix.

2 years ago

Netflix account sharing

Netflix Is Getting Rid Of Another Original Series, And It’s An Important One

The very first Netflix Original animated series Turbo Fast will no longer be available on the platform starting April 1.

2 years ago

tom cruise

Netflix Is About To Lose Two Of The Best Tom Cruise Movies Ever Made, Watch Them Right Now

The Tom Cruise films Minority Report and Top Gun are leaving Netflix soon.

2 years ago

robert de niro

Robert De Niro’s Netflix Project Finally Gets The Green Light After Months Of Waiting

Robert De Niro will star in Netflix’s Zero Day, his first leading role in a streaming series.

2 years ago

Outer Banks Just Hit An Amazing Milestone And Streaming Viewers Need To Take Notice

Outer Banks third season was streamed for 154 hours in its debut week, claiming the top spot on Netflix.

2 years ago

ash ketchum pokemon

Netflix And Pokemon Are Teaming Up For The First Time Ever

Pokemon Concierge is a Netflix original series that in a first for the franchise, is stop-motion and doesn’t focus on a Pokemon trainer.

2 years ago

netflix lord rings

A Game-Changing Sci-Fi Movie Series Is Now Fully Available On Netflix

The Hunger Games series is now on Netflix.

2 years ago

stranger things spinoff

A Weird Stranger Things Prequel Is Coming And It’s The Oddest Possible Production

A Stranger Things prequel called Stranger Things: The First Shadow is on its way not to the small screen, but to the stage.

2 years ago

arnold schwarzenegger

See Arnold Schwarzenegger In His Huge Netflix Action Comedy 

The trailer for Arnold Schwarzenegger’s new Netflix action comedy, FUBAR, has been released.

2 years ago

netflix password sharing

Must Watch Netflix Reality Show In Trouble Due To Serious Allegations

Several contestants on the Netflix reality show Physical: 100 have been accused of assault.

2 years ago

Major Hollywood Directors Are Bashing Streaming Services For A Very Good Reason

Hollywood professionals like Rian Johnson and Jerry Bruckheimer are speaking out against streaming’s latest trend of canceling completed projects.

2 years ago

netflix lord rings

Netflix Is Stealing A Superhero Show From HBO

The comic book adaptation of Dead Boy Detectives has moved from HBO to Netflix.

2 years ago

david harbour

David Harbour’s New Film Is The #1 Movie On Streaming

David Harbour’s new supernatural comedy We Have a Ghost is number one on Netflix.

2 years ago

Netflix account sharing

1899 Creators Adapting The Best Horror Comic For Netflix

The creative team behind 1899 is adapting Something is Killing the Children for Netflix.

2 years ago