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


Hatchet Wielding Hitchhiker

Netflix’s Ad-Supported Plan Is Horrible, Won’t Have Key Features And Content

Netflix has rolled out its ad-based tier, which includes a horrible 720p resolution cap and missing shows and movies.

2 years ago

mila kunis

Mila Kunis Has The #1 Movie On Netflix

Luckiest Girl Alive, the new revenge mystery led by Mila Kunis, is the #1 movie streaming on Netflix.

2 years ago

dahmer

Dahmer Is Close To Setting An Unbelievable Netflix Record

Dahmer is now the second-most popular English language Netflix series of all time

2 years ago

sofia vergara

See Sofia Vergara Working Out In A Full Orange Bodysuit

Sofia Vergara shared an intense workout on Instagram that shows the actress in an orange bodysuit.

2 years ago

joseph gordon-levitt

Joseph Gordon-Levitt Is Joining A Comedy Classic Sequel

Joseph Gordon-Levitt has joined the cast of Beverly Hills Cop 4!

2 years ago

power rangers

Power Rangers Officially Retiring An Icon

Jason Lee Scott, the Red Ranger, loses his ability to become the Red Ranger in BOOM! Studios Mighty Morphin Power Rangers #100.

2 years ago

netflix wednesday

See Fred Armisen As Uncle Fester In Netflix’s Wednesday

Fred Armisen will play Uncle Fester in the Netflix Addams Family series Wednesday.

2 years ago

daniel craig knives out 2

Knives Out 2 Is Headed To Theaters

Knives Out 2 will officially hit movie theaters in November before heading to Netflix in December.

2 years ago

cobra kai season 4

See The Cast Added To Cobra Kai Creators Obliterated Series

Eleven new names have been added to the cast of Obliterated, including those of Carl Lumbly, Virginia Madsen, and David Costabile.

2 years ago

cobra kai

Cobra Kai Has Beaten The Rings Of Power

Cobra Kai has officially been watched more than The Lord of the Rings: The Rings of Power.

2 years ago

brad pitt

Brad Pitt And Angelina Jolie Are At The Top Of The Netflix Charts

Brad Pitt and Angelina Jolie might be fighting currently, but their Mr. & Mrs. Smith movie is tearing up the streaming charts.

2 years ago

jason momoa

See Jason Momoa Invade Dreams In Slumberland

Jason Momoa stars in the children’s adventure movie, Slumberland, which has dropped its first trailer.

2 years ago

netflix lord of the rings

Netflix Pitched A Lord Of The Rings Series That Freaked Out The Tolkien Estate

Netflix apparently “freaked out” the Tolkien estate by pitching a Marvel model of connected Lord of the Rings series.

2 years ago

florence pugh

See Florence Pugh As A Miraculous 19th Century Irishwoman

The trailer for Florence Pugh’s upcoming Netflix film The Wonder has arrived.

2 years ago

dahmer netflix

Netflix’s Dahmer Series Has Broken Another Record

Viewers have watched close to 500 million hours of Dahmer – Monster: The Jeffrey Dahmer Story on Netflix.

2 years ago

See Jeffrey Dahmer In Stranger Things Season 4

Fans noticed that in Stranger Things season 4, a teenager that strongly resembles Jeffrey Dahmer walks by in the background.

2 years ago

florence pugh

See Florence Pugh Free The Nipple In See-Through Dress

Florence Pugh wears a transparent outfit at this fashion show.

2 years ago

bruce willis survive the game

A Forgotten Bruce Willis Action Movie Is Killing On Netflix

Bruce Willis starred in Marauders, a forgotten feature that is tearing up the Netflix charts.

2 years ago

gerard butler

Gerard Butler Has The #1 Movie On Netflix

Gerard Butler’s action thriller Last Seen Alive is the #1 movie on Netflix.

2 years ago

brad pitt

A Classic Brad Pitt Action Comedy Just Landed On Netflix

Mr. and Mrs. Smith, starring Brad Pitt and Angelina Jolie, is now streaming on Netflix.

2 years ago

al pacino

An Epic Al Pacino Drama Just Arrived On Netflix

The Al Pacino football drama Any Given Sunday is now streaming on Netflix.

2 years ago

keanu reeves

Keanu Reeves’ First Action Movie Just Came To Netflix

Keanu Reeves’ first action movie Point Break is now on Netflix.

2 years ago

russell crowe

Russell Crowe’s Greatest Movie Is Now On Netflix

Russell Crowe’s Gladiator is now on Netflix.

2 years ago

ana de armas

Ana de Armas’ New Movie Attacked For Fetishizing Female Pain

Some critics are saying Ana de Armas’s portrayal of the late Marilyn Monroe in Blonde is an example of the glorification of the pain of women.

2 years ago

jason bateman

Jason Bateman Directing A Netflix Series About The FBI’s Biggest Conspiracy

Jason Bateman is directing Dark Wire, a film about an FBI conspiracy to create a fake telecom company.

2 years ago

stranger things finn wolfhard

Stranger Things Star Says Fan Racism Affected Him

Stranger Things star Caleb McLaughlin says he encountered racist behavior from fans as a child.

2 years ago

evan peters netflix jeffrey dahmer

Netflix’s Dahmer Receiving Backlash From LGBTQ Community

The new Netflix Dahmer series has come under fire for adding the LGBTQ tag to the series.

2 years ago

evan peters jeffrey dahmer

Jeffrey Dahmer Victim’s Family Breaks Silence About Netflix Series

Rita Isbell, the sister of one of the victims of Jeffrey Dahmer, has spoken out against the new Netflix series.

2 years ago

ozark

Ozark’s Best Villain Has Eerie Similarities To A Real Life Killer

Ozark character Darlene Snell has eerie similarities to a real-life killer named Lisa Marie Montgomery.

2 years ago

Netflix account sharing

Netflix Just Canceled Another Comic Book Adaptation

Netflix has officially canceled its adaptation of Grendel.

2 years ago