Netflix News
  • Launched On: August 29, 1997
  • Platform: Streaming

  • Netflix currently ranks as the top streaming service in the world, with more than 230 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

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

Latest Netflix News

Netflix Releases Avatar: The Last Airbender Poster And Fans Are Stunned

Fully immersing itself in the live-action biz, Netflix has revealed a vibrantly stunning poster for their upcoming series, Avatar: The …

4 weeks ago

stranger things finn wolfhard

Stranger Things Season 5 Reveals Very First Scene

Netflix’s popular Stranger Things is expected to premiere sometime in early 2025 since the production is severely hindered by the …

4 weeks ago

The Netflix Gritty Crime Comedy Is An ’80s Classic New Generations Need To See

1988’s Midnight Run is currently streaming on Netflix, and this action comedy is a must-see for any fan of the …

4 weeks ago

Zack Snyder

Zack Snyder Announces Netflix Sequel Canceled

Bad news for fans of Zack Snyder’s Army of the Dead franchise. According to Total Film, Snyder’s animated series Army …

4 weeks ago

millie bobby brown damsel 1

Millie Bobby Brown Netflix Fantasy Damsel Reveals Epic Poster

Netflix’s Geeked Week is bringing us some pretty exciting reveals, not the least of which is a glimpse of Millie …

4 weeks ago

Enola Holmes 3 Is Happening At Netflix, Here’s What We Know

If you’re a fan of Millie Bobby Brown’s Enola Holmes franchise, then you’re in luck. Collider revealed that Netflix is …

4 weeks ago

sylvester stallone

The Sylvester Stallone Crime Thriller On Netflix That Deserves Way More Attention

Sylvester Stallone might have made a name for himself by playing badass roles in franchises like Rocky and Rambo, but …

4 weeks ago

sci-fi movie

Netflix Losing A Modern Sci-Fi Classic, See It Before It’s Gone

Let’s face it: our’s is an era in which sci-fi films favor high-octane action and over-the-top spectacles. Not that we’re …

4 weeks ago

The New Netflix Anime Brings Cute Hell Demons To Earth

Netflix is continuing to release more anime, and My Daemon is an upcoming original title that will bring hell to …

4 weeks ago

Netflix Makes Major Layoffs, Are They Changing Their Content Strategy?

Netflix has just made more cuts within the company, laying off a handful of executives in the drama and overall …

4 weeks ago

showtime paramount

Streaming Costs You More Than Ever And It’s Going To Get Worse

American wallets continue to groan under the yoke of inflation. Unfortunately, they’re about to undergo even more hardship, and from …

4 weeks ago

The Netflix Sci-Fi Thriller Reboot That Made Up For A ’90s Blunder

We previously discussed the influence some of the most prominent releases have on cinematic and television history, and the significance …

4 weeks ago

Wednesday Season 2 Lead Actor Quits Show Before Scenes Are Finished

While it still may be a long way off, audiences have been eager to sink their teeth into any information …

4 weeks ago

groundhog day remake

The Best ’90s Comedy Of All Time Is Leaving Netflix

Bill Murray and Andie MacDowell star in Groundhog Day, one of the greatest 90s movies of all time. The film, …

4 weeks ago

the crown

Netflix’s The Crown Now Getting A Prequel Series?

Netflix has had trouble maintaining its value and its subscribers in the last year, and that has made its exclusive …

4 weeks ago

dwayne johnson

The Dwayne Johnson Fantasy Adventure On Netflix Needs A Real Sequel

Step into the ancient world of high adventure with The Scorpion King, where Dwayne Johnson flexes his muscles in his …

4 weeks ago

The Bodyswap Comedy Streaming On Netflix Is The Best Of Its Kind

Get ready to dust off your leg warmers and dive into a time-traveling, feel-good romp with 13 Going on 30, …

4 weeks ago


The Futuristic Sci-Fi Movie On Netflix Tackles Overpopulation And Global Warming In A Crazy Way

Picture this: a world where you can literally shrink your problems away. That’s what Downsizing with Matt Damon on Netflix …

4 weeks ago

The Acclaimed Military Movie Now Streaming On Netflix Is A Terrible True Story

Step into the heart of conflict with 13 Hours on Netflix. This intense, action-packed film plunges you into the 2012 …

4 weeks ago

Scott Pilgrim Takes Off Netflix Anime Opening And Banger Theme Song Revealed

Scott Pilgrim Takes Off, the new anime adaptation of the Scott Pilgrim universe, premieres later this month. But fans can …

1 month ago

The Tom Cruise Monster Movie On Netflix Should Have Started A Franchise

Step into a world where ancient curses and modern action collide in The Mummy from 2017, starring Tom Cruise. Buckle …

1 month ago

jason statham crank

The Violent Crime Thriller On Netflix Stars Jason Statham As His Greatest Character

Jason Statham stars in Crank 2: High Voltage, now streaming on Netflix, a film for which the star has been …

1 month ago

disney hulu

Disney Gaining Full Control Of Hulu, Are They Coming After Netflix?

Disney will take complete control of Hulu, following a deal with Comcast, which had owned a third of the streaming …

1 month ago

The Marvel Movie On Netflix That Needs A Sequel In The Worst Way

Ready to dive into a world where justice meets vengeance? The Punisher, starring Thomas Jane, is your ticket to an …

1 month ago

netflix orbiter 9

The Space Movie On Netflix Is A Different Kind Of Sci-Fi Story

Prepare to embark on a celestial voyage with Orbiter 9, streaming now on Netflix. This sci-fi gem invites you into …

1 month ago

Bridgerton Star Calls Out Netflix For Doing Nothing During Psychotic Breaks

Bridgerton, Netflix’s extremely successful Regency romance, is praised for skillfully weaving a captivating tapestry of society while also delving into …

1 month ago

The Neo-Noir Sci-Fi Movie On Netflix If You Love Blade Runner

Step into the neon-drenched, cyberpunk landscape of Mute, streaming on Netflix, where the future is as mysterious as it is …

1 month ago

The Comic Adaptation On Netflix Is Much Better Than The Book

Embark on a whirlwind of mystery and adventure with Adventures of Tintin, streaming now on Netflix. This visually stunning film, …

1 month ago

The New Crime Thriller Netflix Hit Is Based On DC Comic

When viewers think “based on a comic book,” they think of capes and big beams of energy shooting out of …

1 month ago