Netflix - Secrets, Revenue, History behind Best Video Streaming Service
Netflix - Secrets, Revenue, History behind Best Video Streaming Service. Netflix is an American entertainment company founded by Reed Hastings and Marc Randolph on August 29, 1997, in Scotts Valley, California.
Posted 1 year ago in Entertainment, updated 1 year ago.
Netflix is an American entertainment company founded by Reed Hastings and Marc Randolph on August 29, 1997, in Scotts Valley, California. It specializes in and provides streaming media and video-on-demand online and DVD by mail. In 2013, Netflix expanded into film and television production as well as online distribution. It is headquartered in Los Gatos, California.
Netflix entered the content-production industry in 2013, debuting its first series, House of Cards. It has greatly expanded the production of both film and television series since then, offering "Netflix Original" content through its online library of films and television. Netflix released an estimated 126 original series or films in 2016, more than any other network or cable channel.
Netflix's headquarters are in 100 Winchester Circle, Los Gatos, California, United States. They also have other offices in the Netherlands, Brazil, India, Japan, and South Korea.
As of 2017, Netflix shares are mainly held by institutional investors, including Capital Group Companies, The Vanguard Group, BlackRock, and others.
Sales and Marketing
Netflix's website attracted at least 194 million visitors annually, according to a Compete.com survey from 2008. This was about five times the number of visitors to Blockbuster's main website. As of January 28, 2018, Netflix's website ranks as the 30th most trafficked website in the world and 9th most trafficked website in the United States
During Q1 2011, sales and rentals of DVDs and Blu-ray discs plunged about 35%, and the sell-through of packaged discs fell 19.99% to $2.07 billion, with more money spent on subscription than in-store rentals. This decrease was attributed to the rising popularity of Netflix and other streaming services.
Did you know: Netflix is the world's sixth-largest internet company by revenue.
Netflix on Forbes Lists
#111 Growth Champions
#15 Top Regarded Companies
#76 World's Best Employers
#5 Innovative Companies (#15 in 2016)
#996 Global 2000
#71 World's Most Valuable Brands
#276 America's Top Public Companies
#372 America's Best Employers (2015)
NETFLIX is a Video on Demand(VOD) platform means the user can stream/watch shows/movies according to their subscription. It is like an online paid TV. The contents may be original( means offered bt the Netflix itself and may be from various distribution house) or acquired for distribution purpose.
Nowadays many entrepreneurs are also looking to build a platform like Netflix. But, it’s very tough to compete with them because they are already the best in the industry. Netflix is the king of current video streaming business.