Netflix
Exclusive Netflix News
GIANT FREAKIN ROBOT is one of the leaders in breaking exclusive Netflix news and rumors.
Here’s just some of the most recent Netflix news stories we’ve broken….
Recent Netflix News Exclusives
- Brie Larson And Samuel L. Jackson Reteaming In The Forgotten At Netflix
- Timothee Chalamet In Talks For Gundam Movie At Netflix
- Keanu Reeves And Jason Statham Making The Redemption For Netflix
- Brie Larson Starring In The Mind’s Eye For Netflix, Details Revealed
- Will Smith Starring In The Family Man For Netflix
- Brie Larson Starring In The Agent For Netflix
- Jenna Ortega Starring And Producing True Story Heist Series For Netflix
- 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.
Netflix News For Each Series
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
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
Latest Netflix News
The Sci-Fi Classic On Netflix That Flopped Miserably In Theaters
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Adam Driver’s Sci-Fi Action Movie Is #1 On Netflix
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Jenna Ortega Gets Weird Encounter With Wednesday Fan
In the last two years, Jenna Ortega has become a Hollywood sensation after her hit roles in Scream and Scream …
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Pierce Brosnan Is A Famous Bank Robber In Netflix’s Newest Hit Comedy
When Pierce Brosnan isn’t appearing in action movies like the James Bond film Goldeneye, he’s usually flexing his serious funnyman …
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Netflix Reminds People Henry Cavill Is Still In The Witcher Season 3
Everyone knows one of the best things about Netflix’s The Witcher is Henry Cavill playing Geralt of Rivia, which is …
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Zack Snyder Chose Netflix For Rebel Moon Because Disney Would Have Ruined It
What do you do when Disney and George Lucas reject your new Star Wars movie idea? If you’re Zack Snyder, …
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Stranger Things Play Is A Prequel Set In 1959
A return to the Upside Down is coming sooner than expected. As reported by SlashFilm, the stage play Stranger Things: …
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Prime Video’s Mega-Millions Series Citadel Is Defeated By Netflix’s Barbecue Showdown
If you haven’t heard of the Amazon Prime series Citadel, you’re not alone, as the show is already being considered …
The Samuel L. Jackson Mystery On Netflix You’ll Be Trying Hard To Solve
There are few things as consistently enjoyable as Samuel L Jackson in a Quentin Tarantino film. While all of Tarantinto’s …
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Henry Cavill’s The Witcher Beaten By A Comedy Special
Forbes reports that Season 3 of The Witcher, starring Henry Cavill, has lost its number one spot on Netflix’s top …
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The Emma Stone Sex Comedy On Netflix That Will Break Your Funny Bone
Emma Stone has built an entire acting career off of being the cute and relatable “girl next door,” so the …
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The Jamie Foxx War Movie On Netflix That Will Knock You Out Of Your Seat
From Quentin Tarantino action flicks to Disney Pixar animated films, Jamie Foxx has appeared in just about every Hollywood genre …
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Daniel Craig’s Best James Bond Film Is Leaving Netflix
The name’s Craig, Daniel Craig and from 2006 until 2021 he was the face of the James Bond franchise. Over …
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Exclusive: Netflix Rebooting Dreamscape With Spike Jonze
Dennis Quaid (The Day After Tomorrow) made a lot of sci-fi movies in the 1980s that are far too often …
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Sex Education Is Canceled By Netflix
Popular Netflix series Sex Education will end with season four. The final season of the British teen sex comedy drama will debut …
Exclusive: Netflix Giving Black Mirror Creator New Series Called Alternate Realities
Apparently, Netflix is convinced Black Mirror creator Charlie Brooker has another anthology hit to give them. Our trusted and proven …
Netflix Is The New Home For Multiple HBO Original Shows
According to The Hollywood Reporter, things have gotten dire enough for Warner Bros. Discovery to shake hands with a competitor: …
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The Forgotten Miles Teller War Movie On Netflix That Will Break Your Heart
Ever since Top Gun: Maverick became a runaway hit, Miles Teller has become a more popular actor than ever before. …
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Natalie Portman Stars In The Smartest Sci-Fi Movie On Netflix
Sure, when it comes to Natalie Portman and sci-fi most people’s minds go to her role as Padmé Amidala in …
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Two Underrated Kevin Costner Titles On Netflix Every Fan Needs To See
If you’re a Kevin Costner fan, Netflix has added some solid entertainment for you to check out this week. Costner …
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Chris Hemsworth’s Awful Fantasy Movie Is Somehow Crushing On Netflix
These days, Chris Hemsworth is most well known for his portrayal of Thor, but in between Marvel movies, he played …
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The Channing Tatum Action Movie On Netflix That Is Blowing Away The Competition
White House Down was recently released on Netflix, and the decade-old film is making a surprising comeback. According to FlixPatrol, after releasing on …
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How Geralt Became The Witcher Explained
The Witcher is one of those franchises where timelines and character origins are especially difficult to keep track of, especially …
Netflix Desperately Reminding People Henry Cavill Is In The Witcher Season 3
It has long been reported that Henry Cavill, who played Superman in the soon-to-be-defunct DC Universe, was leaving Netflix’s fantasy …
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New Narnia Movies Happening For Netflix
Barbie director Greta Gerwig will write and direct two movies for Netflix based on The Chronicles of Narnia fantasy novels by British author …
The Arnold Schwarzenegger Netflix Documentary Series Audiences Are Loving
ARnold Schwarzenegger’s documentary series on Netflix is a massive critical and popular success.
Director Of Acclaimed Netflix Series Reveals Why Company Won’t OK Physical Release
A hit Netflix series may become unwatchable in the future, but the director has a plan, though there’s still one major problem.
BigBug Is The Weirdest Sci-Fi Movie On Netflix
Bigbug, a sci-fi film about household appliances gone amok, is the oddest film streaming on Netflix.
Monster Season 2 Finds Its Next Serial Killers
Monster Season 2 will cover the Menendez brothers, played by Cooper Kock and Nicholas Alexander Chavez.
Sylvester Stallone Documentary Series Heading To Netflix
Sylvester Stallone’s upcoming Netflix series will be exactly like Arnold Schwarzenegger’s Arnold.
