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


natalie portman

The Natalie Portman Action Movie On Netflix Is A Shoot-Em Up Classic

Natalie Portman’s 1994 feature film debut, Leon: The Professional, is currently streaming on Netflix. Billed as an action crime thriller, the …

10 months ago

dwayne johnson

Dwayne Johnson Hit Series Finds New Streaming Home On Netflix

There’s no love lost between The Rock and Warner Bros. First, the former wrestler-turned-actor had a falling out with DC …

10 months ago

Best Heist Movies On Netflix

To say that heist movies are a dime a dozen would be a crime. This genre of action movies has …

10 months ago

Clint eastwood

The Clint Eastwood Thriller On Netflix That Will Have You Rooting For Old People

If you’re a fan of Clint Eastwood’s classic films like Dirty Harry, Million Dollar Baby, and Unforgiven, then you need …

10 months ago

Watch One Piece Live-Action Netflix Series In Amazing First Trailer

A crew of young pirates is setting sail in the first trailer for Netflix’s live-action series, One Piece. Based on …

10 months ago

channing tatum

The Channing Tatum Action Movie On Netflix That Has Non-Stop Energy

Channing Tatum has long held his place as one of Hollywood’s hottest heartthrobs for his high-intensity roles in films such …

10 months ago

harrison ford jack ryan

The Harrison Ford Thriller On Netflix That Will Have You On The Edge Of Your Seat

Nothing hits like a 90s action/thriller, especially when Harrison Ford is involved. Ford stars in Clear and Present Danger, the …

10 months ago

night agent

The Mega-Budget Sci-Fi Flop On Netflix That’s Finally Getting Some Love

Once upon a time, surrealist filmmaker David Lynch was given a ton of money and told to adapt Frank Herbert’s …

10 months ago

ryan gosling

The Ryan Gosling Crime Comedy On Netflix That Deserves To Be A Classic

Ryan Gosling got his start as a teenage actor in the 90s, starring in the children’s horror stories, Are You …

10 months ago

Best Netflix Films For Your Next Family Movie Night

If you and your family regularly sit down to watch movies, there’s a good chance you find yourself trolling the …

10 months ago

Christopher Nolan

The Christopher Nolan Historic Epic Leaving Netflix That Will Take Your Breath Away

With Oppenheimer set to make a big showing this weekend, it’s worth taking a look at some of the other films created …

10 months ago

night agent

Netflix Loses $18 Billion In Value After One Day

Netflix Inc. shares experienced their largest decline this year due to a projected third-quarter revenue that missed Wall Street’s expectations, …

10 months ago

Netflix movies

Netflix Makes Final Decision On Streaming Pricing

Netflix won’t be increasing prices in major markets like the United States in the next year. The decision was announced …

10 months ago

jim carrey

The Jim Carrey Comedy On Netflix That Will Actually Shock You

In the 1990s, few actors were releasing as many classic comedy films as Jim Carrey. Carrey kicked off his 90s …

10 months ago

johnny depp

The Johnny Depp Crime Drama On Netflix That Will Break Your Heart

The Johnny Depp mafia film Donnie Brasco is streaming now on Netflix. The film tells the story of an FBI …

10 months ago

Netflix Password Sharing Crackdown Results In Millions Of New Subscriptions

In May, Netflix cracked down on password sharing, blocking any subscribers who are not in the same household from using …

10 months ago

grey's anatomy

Grey’s Anatomy Star Furious With Netflix Over Cheap Payments

Grey’s Anatomy star Ellen Pompeo called out Netflix over its failure to pay residuals to actors. The actress, who portrayed Meredith …

10 months ago

cameron diaz bad teacher

The Cameron Diaz Sexy Comedy That Will Make You Laugh And More

Though Cameron Diaz hasn’t been active in Hollywood in recent years, the Shrek star’s comedy bonafides cannot be denied. Long …

10 months ago

ryan gosling

The Ryan Gosling Fantasy On Netflix That Will Make Your Heart Soar

Before you go watch Ryan Gosling play Ken in the new Barbie movie, watch his classic fantasy film La La …

10 months ago

steve carell space force season 2

Netflix Streaming Options If You Love Space

As they say, space is the final frontier, and there is still a vast amount of our ever-expanding universe that …

10 months ago

chadwick boseman netflix feature

The Chadwick Boseman War Movie On Netflix That Will Leave You Speechless

Chadwick Boseman left us far too early, but he left behind some truly incredible performances, including the final movie released …

10 months ago

netflix

Netflix’s Biggest Failure Made Show Creator Lose His Mind

Since 2020, Netflix has been bringing reality TV lovers the goods with its unique and one-of-a-kind series, Love Is Blind. …

10 months ago

The Netflix Horror Movie That’s Become More Terrifying Thanks To AI

While we love very ambitiously crazy horror movies (we’re looking at you here, Nope), we think that horror is at …

10 months ago

night agent

Netflix Removes Popular Streaming Plan Forcing Members To Pay More

Last year, Netflix lost almost a million subscribers, and this affected the streamer’s stock value and sent the company scrambling …

10 months ago

how tall is kevin hart, kevin hart, kevin hart net worth, kevin hart height

The Kevin Hart Comedy On Netflix That Will Make You Laugh Out Loud

Ride Along, the buddy cop action comedy starring Kevin Hart is currently in the Netflix Top 10 streaming chart. According to FlixPatrol, …

10 months ago

He-Man Movie

He-Man Masters Of The Universe Movie Canceled By Netflix

Although Mattel may be looking forward to counting its pennies following the cinematic opening of Greta Gerwig’s Barbie this weekend, …

10 months ago

Netflix’s #1 Thriller Of All Time Now Has A Sequel

Get your popcorn and your blindfolds ready, because Bird Box: Barcelona is now streaming on Netflix. The sci-fi horror film …

10 months ago

angelina jolie

The Angelina Jolie Classic On Netflix That Will Leave You Sobbing

Angelina Jolie has had a long, storied Hollywood career and has proven she can do anything from high-octane action blockbusters …

10 months ago

grapes of wrath series

The Amy Adams Thriller On Netflix That Will Mess With Your Head

Netflix is packed with psychological thrillers that will keep you guessing, with your head spinning by the time the credits …

10 months ago

keanu reeves

The Keanu Reeves Sci-Fi Movie On Netflix That Deserves A Second Chance

The epic science fiction film The Matrix helped to make Keanu Reeves a household name, but that wasn’t the only …

10 months ago