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


Terminator Zero Netflix Poster Gets Us Even More Excited for Sci-Fi Franchise Rebirth

Terminator fans rejoice: Judgement Day draws near! In about a month, Netflix will launch the Terminator Zero animated series. The …

48 seconds ago

The Most Misunderstood Sci-Fi Movie On Netflix

Be honest: Have you ever been in a job interview, and when asked what your biggest weakness is, you want …

2 hours ago

Netflix Marvel Movie From Legendary Director Deserves A Second Chance

When Spider-Man 3 first came out, fans generally agreed that it was terrible…a film with too many bad guys and …

2 hours ago

R-Rated War Classic Leaving Netflix Will Break Your Heart

Oliver Stone has proven multiple times that he knows how to make a heart-breaking anti-war film that shows the cost …

3 hours ago

Netflix Violent Black Comedy Fantasy Series Will Make You Believe In Imaginary Friends

If you’re wondering what Christopher Meloni was up to while he was taking a break from portraying NYPD Detective Elliot …

4 hours ago

Netflix R-Rated Crime Comedy Is A-List Directing Duo’s Most Overlooked Movie

The dynamic films the Coen brothers have given film audiences in the past four decades make the filmmakers industry icons …

5 hours ago

uncle buck

Netflix ’80s Comedy Classic Gives Iconic Actor His Funniest Role

The late John Candy gave film audiences some of the most memorable comedic characters throughout the 1980s and 90s. Before …

6 hours ago

Netflix Sci-Fi Comedy Remake Flop Deserves Another Look

It’s not often that Will Ferrell lands a starring role in a film that winds up being a commercial flop. …

6 hours ago

Netflix Survival Horror Will Make You Never Want To Go Camping Again

Like camping? That’s great, but we’re about to fully ruin it for you by suggesting that for your next movie …

7 hours ago

rebel moon

Netflix Sci-Fi Epic Franchise Needs Shorter Movies

Zack Snyder’s Rebel Moon franchise currently encompasses two films which clock in at a combined total of 4 hours and …

7 hours ago

Netflix Action Comedy Brings Back World’s Worst Cop

Netflix’s recently released action comedy brings back Detroit’s beloved reckless detective, Axel Foley. Reprising his role from 1984, Eddie Murphy, …

9 hours ago

streaming

Streaming Services Being Abandoned For Better Option?

Streaming services are becoming the norm for a lot of our entertainment needs, but it has plenty of shortcomings. This …

10 hours ago

The Dinosaur Classic Leaving Netflix Needs To Be Seen By A New Generation

If you ask most people from my generation what the biggest dinosaur movie of their childhood was, they’ll say Jurassic …

11 hours ago

smokey and the bandit

Netflix Losing The Best ’70s Car Comedy Ever, Stream Before It Escapes

Everyone knows the biggest movie of 1977 was Star Wars, but what was the second biggest? Here’s a hint: it …

12 hours ago

Netflix Mystery Thriller Will Keep You Guessing To The End

Continuing the saga of Detective Benoit Blanc, Glass Onion provides a fun murder mystery with an interesting setting and an …

14 hours ago

Netflix Dark Sci-Fi Dystopia Series Is An Intense Battle For Survival

Following a rather successful second season, Netflix renewed Alice in Borderland, a sci-fi thriller drama TV series, for Season 3. …

14 hours ago

streamers

Disney+ Hulu Max Streaming Bundle Is Now Available

Disney and Warner Bros Discovery are surprisingly working together to bring consumers the Disney+, Hulu, and Max streaming bundle that …

23 hours ago

The Hated Star Trek Character Everyone Finally Loves

If you haven’t been watching Star Trek: Prodigy on Netflix, you’re missing out—among other great reasons to stream, this CGI …

23 hours ago

monster house

Netflix Is Getting The Perfect Family Horror Movie In Time For Halloween

Monster House was a sleeper hit when it was released in 2006, and it still goes vastly underappreciated by those …

1 day ago

The Stephen King Horror Series Netflix Needs To Reboot

Stephen King’s writings have given readers some of the best modern horror since he first published Carrie in 1974. Since …

1 day ago

circle netflix

Netflix Sci-Fi Thriller Keeps Finding Fans Almost 10 Years Later

Nearly a decade after it first graced small screens throughout the United States and beyond, the 2015 film Circle on …

1 day ago

Keanu Reeves Sci-Fi Novel Is A Must-Read Oddity We Want Now

On top of being an internet sweetheart, a musician, a comic book writer, and an accomplished actor, Keanu Reeves can …

1 day ago

Netflix Thriller Series Turns Serial Killer Into Twisted Antihero

There are plenty of shows and movies where the main characters are hunting down serial killers, but how often do …

1 day ago

The Best Adam Sandler Movies Ranked From Good To Great

Adam Sandler’s movies span years of comedy and drama. But which Adam Sandler movie is best? GFR ranks Adam Sandler’s movies using unbiased math.

1 day ago

dark waters

Netflix True Story Thriller Reveals Horror More Shocking Than Fiction

For those out there who love a good movie that pulls its tale from a true story, Netflix has plenty …

2 days ago

Netflix Canceled Fan-Favorite Series Revived In New Form

Despite being canceled in 2022, Netflix’s live-action series Fate: The Winx Saga will continue on in a new graphic novel. …

2 days ago

Netflix Crime Mystery Gives A-List Actress Her Most Unique Role

The Unforgivable is a far cry from what we usually see Sandra Bullock in, and it’s a great vehicle for …

2 days ago

R-Rated True Story Netflix Comedy Turns Truth Into Hilarity

For anyone who hasn’t seen Dumb Money, whether you’re familiar with the GameStop Wall Street scandal or not, this movie …

2 days ago

Netflix Gets The Best Godzilla Movie New Fans Need To See Now

When Godzilla Minus One first premiered back in December of 2023, the film became an instant international hit, drawing American …

2 days ago