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


Jenna Ortega Wednesday

Netflix Announces Whether Wednesday Is Renewed For Season 2

Netflix has finally announced that massive streaming hit, Wednesday, has been renewed for a second season.

2 years ago

kate hudson

An Accident On The Set Of Glass Onion Made It Into The Movie

Actress Jessica Henwick accidentally broke a sculpture on set, but the Glass Onion cameras were rolling, keeping the shot in the final cut of the movie.

2 years ago

wednesday Kaleidoscope

Wednesday Has Been Dethroned By Another Netflix Series

Wednesday has been defeated in ratings by the new multi-billion dollar heist show Kaleidoscope.

2 years ago

tom cruise

Tom Cruise’s Best Sci-Fi Movie Just Landed On Netflix

Minority Report, starring Tom Cruise, is streaming on Netflix.

2 years ago

bridgerton prequel

See A Younger Version Of Netflix’s Best Character In Highly-Anticipated Prequel

Netflix has released the first look at Queen Charlotte: A Bridgerton Story

2 years ago

tom hanks

Tom Hanks’s Weirdest Movie Started Streaming On Netflix

Tom Hanks’s most bizarre movie, The ‘Burbs, is now on Netflix.

2 years ago

warner bros discovery david zaslav

Warner Bros. Discovery Pulling All Of Its Content From Netflix?

Warner Bros. could be pulling its content off Netflix, as David Zaslav is not happy with the pay structure currently.

2 years ago

An Intense Leonardo DiCaprio Biopic Is Now On Netflix

Leonardo DiCaprio and Martin Scorsese teamed up for The Aviator, an award-winning biopic based on the life of Howard Hughes, which is now available on Netflix.

2 years ago

arnold schwarzenegger marvel

Arnold Schwarzenegger’s Breakthrough Comedy Just Landed On Netflix

Arnold Schwarzenegger made the jump from action films to comedies with the success of Twins, alongside Danny DeVito.

2 years ago

tom cruise top gun: maverick

A Charmingly Funny Tom Cruise Blockbuster Is Now On Netflix

One of Tom Cruise’s most charming movies, Jerry Maguire, is now available on Netflix.

2 years ago

dwayne johnson

A Dwayne Johnson Blockbuster Hit Sequel Is Dominating Netflix

Dwayne Johnson’s Jumanji: The Next Level is the fourth most-watched movie on Netflix.

2 years ago

Netflix jojo's bizarre adventure

A Fan-Favorite Superhero Show Is Leaving Netflix

The popular superhero animated series Miraculous: Tales of Ladybug and Cat Noir is leaving Netflix for Disney+.

2 years ago

millie bobby brown stranger things cast

Stranger Things Star Hates One Of Their Character’s Biggest Quirks

Stranger Things star Millie Bobby Brown hates waffles, unlike her character Eleven.

2 years ago

netflix 1899

Another Hit Netflix Series Officially Canned After Just One Season

The Netflix science fiction mystery thriller 1899 has been canceled after one season.

2 years ago

the witcher henry cavill

The Witcher Being Entirely Rebooted After Henry Cavill’s Exit?

A fan podcaster suggests the end of The Witcher: Blood Origin opens the door for the main series to be completely rebooted after Henry Cavill’s departure.

2 years ago

netflix trolls movie

An Underrated Troll Movie Is Trending On Netflix

The Trolls movie is in the top 10 most-watched movies on Netflix.

2 years ago

glass onion

Glass Onion Star Is Still Confused About Their Part

Hugh Grant is still confused at his small cameo in Glass Onion: A Knives Out Mystery.

2 years ago

stranger things season 5

Stranger Things Star Reveals How Series Will End

Stranger Things Season 5 will end “perfectly” according to Noah Schnapp, who plays Will Byers.

2 years ago

daniel craig glass onion

Daniel Craig Is Trending For Fans’ Favorite Part Of Glass Onion

Fans are obsessed and have left Daniel Craig trending for his cabana outfit in Glass Onion.

2 years ago

Daniel Craig

The Reality Of When Knives Out 3 Will Be Released

Franchise creator Rian Johnson gives an honest assessment that it will be years before Knives Out 3 is released, as he has yet to write a script.

2 years ago

witcher blood origin

Witcher: Blood Origin Creator Producing Even More Spin-Offs?

The Witcher: Blood Origin co-creator Declan De Barra hints that more spinoffs of The Witcher are on the way.

2 years ago

knives out 2

You Probably Missed This Major Cameo In Glass Onion

Noah Segan, the actor that played Trooper Wagner in Knives Out, returns in Glass Onion as the beer-loving Derol.

2 years ago

daredevil

Charlie Cox Reveals Whether Or Not He’s In The Running For James Bond

Charlie Cox admits he is not in the running for James Bond, no matter how much fans ask for it on social media.

2 years ago

A Gritty Johnny Depp Movie Is Leaving Netflix Soon

Johnny Depp’s cocaine trafficker crime thriller, Blow, is leaving Netflix on December 31st.

2 years ago

a clockwork orange

Last Chance To Watch One Of The Most Influential Films Of All Time On Netflix

Stanley Kubrick’s Oscar-nominated dystopian classic A Clockwork Orange is leaving Netflix after New Year’s Eve.

2 years ago

al pacino

Al Pacino Delivers His Greatest Speech In This Hit Movie Leaving Netflix

Al Pacino’s best speech was given in Any Given Sunday, which is leaving Netflix on December 31st.

2 years ago

martin lawrence demascus

One Of Martin Lawrence’s Funniest Films Is Coming To Netflix

Blue Streak, one of Martin Lawrence’s best buddy comedies, will be available on Netflix starting on January 1.

2 years ago

quentin tarantino star trek

Quentin Tarantino’s Critically Acclaimed Debut Film Is Coming To Netflix

Reservoir Dogs, Quentin Tarantino’s first film and still one of his best, will soon be available to stream on Netflix.

2 years ago

henry cavill the witcher

The Witcher: Blood Origin’s Terrible Reviews Are Henry Cavill’s Fault?

Henry Cavill fans might be responsible for review bombing The Witcher: Blood Origin.

2 years ago

netflix the gray man

Netflix’s Most Popular 2022 Movie Was A Critical Disaster

Netflix’s The Gray Man was the most popular movie of 2022, but it was a miss with critics, as it has a 46% approval rating on Rotten Tomatoes.

2 years ago