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


the foreigner

The Netflix Revenge Thriller With The Greatest Action Star Ever

Jackie Chan is known for playing cheerful characters with a penchant for martial arts. But, as the 69-year-old actor continues …

3 months ago

Ben Affleck Matt Damon

New Netflix Thriller Reunites Ben Affleck And Matt Damon

Best bros onscreen and off, is there any Hollywood friendship purer than that of Ben Affleck and Matt Damon? The …

3 months ago

Netflix Losing Legendary Action Star’s Most Thrilling Movies

Liam Neeson’s Taken and Taken 2 will be leaving Netflix forever on February 1, 2024. Well, with the way intellectual …

3 months ago

The Netflix True Story Space Thriller Keeps You On The Edge Of Your Seat

When Apollo 13 hit theaters in the summer of 1995, the cinematography and acting performances present within each scene were …

3 months ago

The Netflix Dark True Story Thriller Series Investigates The Devil

The 2022 suspense thriller Devil in Ohio is available to stream on Netflix. The limited eight-episode series is based on the 2017 …

3 months ago

WWE Vince McMahon
prometheus

The Netflix Bloody Sci-Fi Thriller Prequel Leaving Soon

Alien: Romulus, the latest film in Ridley Scott’s beloved sci-fi franchise, will be hitting the big screen in 2024. While …

3 months ago

The Netflix Sci-Fi Thriller Predicts AI’s Terrifying Takeover

The rise and increasing implementation of AI technologies are slowly revolutionizing our society. But the truth is that AI has …

3 months ago

seinfeld

The Netflix Sitcom That Changed Comedy Forever

Seinfeld is one of those sitcoms that you either celebrate excessively or downright hate. For some reason, there is no …

3 months ago

star trek

Star Trek: Voyager’s Best Character Should Show Up In Discovery, Here’s How

The premiere of Star Trek: Discovery‘s fifth and final season is on the way, and I’ve got an idea that …

3 months ago

The Netflix True Story Unhinged Ride From Start To Finish

The rock and roll biopic genre has seen quite the resurgence over the past several years, so it’s only fitting …

3 months ago

The Netflix Crime Thriller Mystery That Proves Going Viral Can Be Fatal

The 2021 drama Clickbait is available to stream on Netflix. The eight-episode miniseries was created by Tony Ayres and Christian White, with …

3 months ago

black mirror

Netflix Turning Black Mirror Episode Into Standalone Series

Creating a new story with every episode is challenging for any anthology series. But it’s even more so for Black …

3 months ago

Netflix Killing Cheapest Subscription Tier Forever

When companies have an incredible year, pull in record-setting profits, and are lauded at award shows, there’s a naive belief …

3 months ago

Netflix Raising Prices Once Again After Record Holiday

Per recent news reports, Netflix is preparing to hike its prices yet again in 2024. This news comes after the …

3 months ago

the kitchen

The Netflix R-Rated Sci-Fi Thriller Tackles Dark Subject Matter

If you like your science fiction films with a hefty dose of insightful social commentary, like many great sci-fis have, …

3 months ago

The Netflix True Crime Series Hooks You From The First Shot

If you’re a true crime junkie but also love it when truth is stranger than fiction, then Evil Genius should …

3 months ago

the first purge

The Netflix Violent Sci-Fi Thriller Doesn’t Pull Any Punches

The Purge franchise took the home invasion genre to a whole new level when Blumhouse Productions started toying with the …

3 months ago

halle berry moonfall

Netflix Cancels Halle Berry Sci-Fi Thriller After Filming Finishes

It sounds as though Netflix is pulling a move previously made by those in control of Warner Bros. Discovery as …

3 months ago

black swan

The Netflix Dark Thriller That Messes With Your Mind

Ballet dancing is often associated with graceful jetés, chassés, and pirouettes expertly executed over a stunning musical backdrop. But if …

3 months ago

squid game movie

Squid Game Season 2 Heading To Netflix Way Sooner Than Expected

Jonesing for more dystopian takes on classic playground games? Don’t worry, Netflix has you covered. Squid Game Season 2 is …

3 months ago

Netflix Sued By Drug Lord’s Family

When it comes to using a person’s likeness for a film or television project, there’s always a chance you may …

3 months ago

Netflix Gets Streaming Debut Of Infamous 2000s Star Vehicle

2024 is already shaping up to be a historic year for Netflix, and this latest piece of news only adds …

3 months ago

book of eli

Denzel Washington Sci-Fi Fan Favorite Getting Prequel Series

Attention, sci-fans: the 2010 film starring Denzel Washington, The Book of Eli, is set to receive a star-studded prequel treatment. Who’s …

3 months ago

Netflix Nabs Exclusive Rights To The Biggest Sports Entertainment Series

Netflix has entered the realm of sports entertainment, locking in a monumental 10-year deal worth over $5 billion for the …

3 months ago

The Netflix Stephen King Drama Is One Of His Top 10 Greatest Movies

The 1986 coming-of-age film Stand By Me is streaming on Netflix. The movie is based on Stephen King’s novella The Body from the short …

3 months ago

david fincher netflix

Netflix Secures Modern Master Director For Three More Years

David Fincher has renewed his contract with Netflix for another three years, in a clear showing of his allegiances toward …

3 months ago

The Netflix R-Rated Dark Violent Crime Thriller Is Not For The Faint Of Heart

The 2017 neo-noir prison action thriller Brawl in Cell Block 99 is available on Netflix. Written and directed by S. Craig Zahler, …

3 months ago

netflix

Netflix Head Of Film Leaving To Start Rival Media Company

The chairman of Netflix is leaving the streaming company to start his own enterprise due to a difference in philosophy. …

3 months ago