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


iron chef
Stranger things season 4

Stranger Things Season 4 Producer Admits It’s Too Scary For Younger Viewers

Stranger Things season 4 executive producer Shawn Levy thinks the Netflix show is too scary, which is kind of the point.

2 years ago

netflix workin moms

The Dumbest Netflix Show Actually Got Renewed For Season 2

Netflix has no issues with canceling shows, but it also has no issue with bringing back some of its dumbest shows, as the dumbest series has received a season two.

2 years ago

netflix

A Terrifying Kidnapping Story Is The #1 Movie On Netflix

This one flew under a lot of radars.

2 years ago

stephen king the dark tower

Stephen King Slams Stranger Things Season 4 For One Specific Reason

Stephen King is a celebrated horror author, and he recently praised Stranger Things Season 4 on Twitter, however, he also criticized the show for a big reason.

2 years ago

matt damon

Matt Damon’s Darkest Movie Just Arrived On Netflix

Matt Damon’s darkest movie involves no happy endings and one of the bleakest finales in recent memory. Now it’s on Netflix.

2 years ago

stranger things season 4

Stranger Things Star Is Getting Their Own Series

A Stranger Things actor is getting their own starring series, just as Netflix’s original cultural breakout show comes to an end.

2 years ago

stranger things season 4
netflix trolls movie

Netflix Password Sharing Crackdown Is Already A Mess?

Netflix password sharing is a hot button subject for the company, but it has appeared to get itself in trouble with the new policy change.

2 years ago

Netflix

Netflix Star Hospitalized For Mental Health After Filming Hit Series

One of the stars of a critically acclaimed Netflix drama has some words regarding hospitalization and mental health.

2 years ago

bradley cooper

Bradley Cooper Is Unrecognizable In First Look At Leonard Bernstein Biopic

Bradley Cooper looks almost unrecognizable in the makeup for the new film that he has written, directed, and will star in.

2 years ago

Julia Roberts

A Critically-Acclaimed Julia Roberts Movie Is Crushing On Netflix

Julia Roberts delivers one of her finest performances in a film that is critically-acclaimed and is currently tearing up the Netflix charts.

2 years ago

defenders marvel netflix

Marvel Netflix Shows Get An Impressive Upgrade On Disney+

The Marvel Netflix shows were transferred over to Disney+, and it caused some drama. Now the shows have been given a huge upgrade.

2 years ago

millie bobby brown stranger things cast

Stranger Things Season 4 Just Made A Classic ’80s Song Hit #1 On The Charts

Stranger Things Season 4 is now out, and its massive popularity has led to a song from the 1980s skyrocketing to the #1 spot.

2 years ago

other guys

Mark Wahlberg Is Using AI To Decide What You Eat

The latest craze in fast food has to deal with A.I. and Mark Wahlberg is invested in a technological advancement that decides what food people might want to eat.

2 years ago

weird al

Weird Al Hilariously Responds To Being Featured In Stranger Things Season 4

Weird Al is one of the biggest 1980s icons, and he hilarously responded to being featured during an episode of Stranger Things Season 4.

2 years ago

Netflix account sharing

Netflix CEO Takes Shocking Stance On Controversial Content

The CEO of Netflix has taken a strong stance against the controversy that is surrounding some of the content that is being provided on the streaming platform.

2 years ago

wesley snipes

Wesley Snipes’ Most Iconic Movie Is Leaving Netflix

Wesley Snipes is one of our greatest living action stars and his most iconic movie is about to leave Netflix soon.

2 years ago

Sony, Horizon Zero Dawn

Netflix Developing Live-Action Horizon Zero Dawn, Our Scoop Confirmed

Horizon Zero Dawn is being turned into a series, and we confirmed this news a year ago, though it was initially reported to be a movie.

2 years ago

guillermo del toro
the gray man chris evans

See Ryan Gosling And Chris Evans At War In Action-Packed The Gray Man Trailer

The trailer for the new Ryan Gosling-Chris Evans action thriller The Gray Man is here and we have some facial hair related thoughts.

2 years ago

stranger things season 4

Stranger Things Fans Extremely Unhappy With Season 4’s Episodes For One Reason

Stranger Things Season 4 is just days away, but one huge element about the new season has been upsetting fans across the board.

2 years ago

stranger things season 4
johnny depp

A Johnny Depp Disaster Is Climbing The Charts On Netflix

This one was not the most popular.

2 years ago

Dacre Montgomery

Major Characters Dying in Stranger Things Season 4?

Deaths are a part of any big series, and it sounds as if some big-name characters will be dying as a result of the events in Stranger Things Season 4.

2 years ago

love death robots season 3 robot

Love, Death + Robots Season 3 Review: The Best Season Yet

Love, Death + Robots Season 3 brings the celebrated anthology animation series back to Netflix and it’s better than it has ever been. Check out our full review here!

2 years ago

stranger things season 5 millie bobby brown

Stranger Things Creators Furious At Netflix Over Season 4

Spoilers ruin everything!

2 years ago

umbrella academy

See A Fan-Favorite Umbrella Academy Hero Come Back From The Dead In Season 3 Trailer

Umbrella Academy is finally back, and the season three trailer offers a look at an alternate academy, and the return of a fan-favorite character.

2 years ago

jennifer lopez

Jennifer Lopez Shares An Emotional Look At The Realities Of Her Life In New Video

Superstar Jennifer Lopez posted a short video revealing some of her closely guarded personal life in anticipation of new project.

2 years ago

Netflix account sharing

Netflix Just Laid Off Over 200 Employees After Major Loss

The increasingly embattled streaming giant Netflix has just announced over 200 worker layoffs as it tries to deal with its recent setbacks.

2 years ago