Netflix.com
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| Public | |
| Traded as |
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| Industry | Entertainment |
| Founded | August 29, 1997 in Scotts Valley, California, U.S. |
| Founder |
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| Headquarters | Los Gatos, California, United States |
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Key people
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| Products | |
| Services | |
| Revenue |
 US$8.83 billion (2016) |
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US$380 million (2016) |
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US$187 million (2016) |
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| Total assets |
US$13.6 billion (2016) |
| Total equity |
US$2.7 billion (2016) |
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Number of employees
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3,500 (2015) |
| Divisions | Domestic Streaming International Streaming Domestic DVD |
| Subsidiaries |
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| Website | www |
Netflix is an American entertainment company founded by Reed Hastings and Marc Randolph on August 29, 1997, in Scotts Valley, California. It specializes in and provides streaming media and video-on-demand online and DVD by mail. In 2013, Netflix expanded into film and television production, as well as online distribution. As of 2017, the company has its headquarters in Los Gatos, California.
Netflix's initial business model included DVD sales and rental, although Hastings jettisoned DVD sales about a year after Netflix's founding to focus on the DVD rental by mail business. In 2007, Netflix expanded its business with the introduction of streaming media, while retaining the DVD and Blu-ray rental service. The company expanded internationally, with streaming made available to Canada in 2010 and continued growing its streaming service from there; by January 2016, Netflix services operated in over 190 countries.
Netflix entered the content-production industry in 2013, debuting its first series, House of Cards. It has greatly expanded the production of both film and television series since then, offering "Netflix Original" content through its online library of films and television. Netflix released an estimated 126 original series or films in 2016, more than any other network or cable channel.
In July 2017, Netflix reported having 103.95 million subscribers worldwide, including 51.92 million in the United States.
Netflix was founded on August 29, 1997, in Scotts Valley, California, by Marc Randolph and Reed Hastings. Randolph worked as marketing director for Hastings' company, Pure Atria Corporation. Randolph was a co-founder of MicroWarehouse, a computer mail order company, and was later employed by Borland International as vice president of marketing. Hastings, a computer scientist and mathematician, sold Pure Atria to Rational Software Corporation in 1997 for $700 million in what was then the richest acquisition in Silicon Valley history. He and Randolph came up with the idea for Netflix while commuting between their homes in Santa Cruz and Pure Atria's headquarters in Sunnyvale while waiting for government regulators to approve the merger.
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Wikipedia