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


Marvel’s Iron Fist Knows Why The Show Failed

Finn Jones, the actor behind Danny Rand, explains that Iron Fist failed because it was rushed due to scheduling conflicts with The Defenders.

2 years ago

the witcher henry cavill

The Best Witcher Character Gets A New Love Interest In Season 3

Jaskier’s actor, Joey Batey, hints that the bard will get one or more love interests in the upcoming The Witcher Season 3.

2 years ago

glass onion

Rian Johnson Hates One Big Part Of Glass Onion

Rian Johnson hates that Glass Onion had to have “A Knives Out Mystery” attached to the title.

2 years ago

wednesday Kaleidoscope

Wednesday Is Defeated As Netflix’s #1 Show

Wednesday has been dethroned as the #1 series on Netflix by Emily in Paris.

2 years ago

netflix matilda

A New Netflix Movie Has An Unbelievable Perfect Score

Roald Dahl’s Matilda the Musical has achieved a perfect audience score on Rotten Tomatoes!

2 years ago

the witcher blood origin

The Witcher Just Got The Worst Score In The Franchise’s History

The Witcher: Blood Origin has a very poor 8% audience approval rating on Rotten Tomatoes.

2 years ago

jenna ortega wednesday

Netflix’s Wednesday Creators On Plans To Give Wednesday A Same-Sex Romance

Miles Millar and Al Gough, creators of Wednesday, have stated they are in no rush to give Wednesday and Enid a romantic relationship.

2 years ago

glass onion

Edward Norton Based His Knives Out 2 Character On Hollywood’s Biggest Actor?

Edward Norton’s Glass Onion character, Miles Bron, was heavily influenced by Tom Cruise’s award-winning performance of Frank Mackey from Magnolia.

2 years ago

Netflix account sharing

Netflix Is Being Dominated By A New Release Movie

Glass Onion: A Knives Out Mystery

2 years ago

daniel craig glass onion

Knives Out 3 Happening? Is There A Glass Onion Sequel?

Rian Johnson, creator of the franchise, has just started work on Knives Out 3 following the successful streaming debut of Glass Onion.

2 years ago

jenna ortega wednesday season 2

Jenna Ortega’s Wednesday Season 2 Plot Details Revealed?

Jenna Ortega returning to Wednesday Season 2 would see her and Enid’s relationship blossom, with the other friendships being tested.

2 years ago

Sean Connery

The Best Sean Connery Movie Ever Is Now On Netflix

Sean Connery may have become a household name with his portrayal of James Bond, and while fans can debate which …

2 years ago

monty python netflix

The Movie That Made Monty Python A Worldwide Controversy Is Now On Netflix

Monty Python’s Life of Brian beset the group with controversary from religious groups, and governments, but now it stands as a comedy classic and is finally available on Netflix.

2 years ago

Netflix jojo's bizarre adventure

Netflix’s Best Series Is Getting An Anime Spinoff?

Stranger Things is continuing to go global with rumors of an anime series spinoff set in 1980s Tokyo.

2 years ago

Netflix password sharing

Canceled Actor Somehow Gets A Major Netflix Role

Canceled actor Jeff Garlin, who is no longer welcome on the sitcom The Goldbergs, has a new Netflix original.

2 years ago

kate hudson

Netflix Password Sharing Officially Coming To An End, Here’s When

Netflix is set to end password sharing in early 2023, by adding an extra $3 charge to those who do it.

2 years ago

That ’90s Show Officially Brings Back All The Originals, See How They Look

With one exception, the entire cast of That 70’s Show is back in the first trailer for Netflix’s That 90’s show.

2 years ago

showtime paramount

The Most Streamed Movie Of 2022 Was Only Available In One Way

Netflix is the only place you can watch the year’s most streamed movie: A Madea Homecoming.

2 years ago

the witcher henry cavill

The Big Plan For Henry Cavill’s Final Moment As The Witcher

Henry Cavill will get a “heroic sendoff” when he ends his time as Geralt in The Witcher Season 3.

2 years ago

jennifer coolidge

A Jennifer Coolidge Modern Fairy Tale Movie Is Leaving Netflix Soon

A Cinderella Story, starring Jennifer Coolidge and Hilary Duff, is leaving Netflix on January 1.

2 years ago

netflix wednesday jenna ortega

Netflix’s Wednesday Is Crushing All Streaming Records

Netflix’s Wednesday has become the second-most streamed show in its first week; surpassed only by Stranger Things.

2 years ago

netflix password sharing

Netflix Customers Face Criminal Charges For Sharing Passwords

The U.K. Intellectual Property Office says sharing a Netflix password is a violation of copyright law.

2 years ago

netflix nike

Netflix And Nike Are Coming After Your Health

Netflix is bringing videos from the Nike Training Club app to its streaming platform.

2 years ago

zack snyder netflix rebel moon

First Look At Netflix’s Star Wars Rip-Off

Netflix has finally released the first look at Zack Snyder’s Rebel Moon.

2 years ago

Mila Kunis Bad Moms

A Mila Kunis Holiday Movie Is Killing It On Streaming

Mila Kunis’s A Bad Moms Christmas is currently top 10 on Netflix.

2 years ago

Back to the Future netflix

Exclusive: Back To The Future Netflix Series In Development

Back to the Future will become an animated series on Netflix.

2 years ago

Millie Bobby Brown Slammed For Sexually Assaulting Her Co-Star?

Millie Bobby Brown shares a story from the making of Enola Holmes 2 that gets called out by a Hollywood intimacy coordinator for violating her co-star’s consent.

2 years ago

the witcher netflix

Critics Hate The Witcher Prequel Series On Netflix

Critics have given The Witcher prequel series on Netflix a 39% approval rating on Rotten Tomatoes.

2 years ago

henry cavill witcher

Henry Cavill Kicked From The Witcher For Being Sexist?

A new rumor suggests that Henry Cavill was fired from The Witcher for being sexist and “toxic.”

2 years ago

charlize theron

Last Chance To Watch Charlize Theron’s Oscar-Winning Performance On Netflix

The 2003 film Monster, starring Charlize Theron as serial killer Aileen Wuornos, is about to leave Netflix.

2 years ago