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Netflix - Wikipedia

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Screenshot of Netflix's English internet site in 2019Type of businessPublic

Type of siteOTT streaming platformAvailable in

ListArabic (Egyptian and Modern Standard)Chinese (Cantonese and Mandarin)CroatianCzechDanishDutchEnglish (American and British)FilipinoFinnishFrenchGermanGreekHebrewHindi[1]HungarianIndonesian[2]ItalianJapaneseKoreanMalayNorwegian (Bokmål)PolishPortuguese (Brazilian and European)RomanianRussianSpanish (European and Latin American)SwedishTamilTeluguThaiTurkishVietnameseTraded asNasdaq: NFLXNasdaq-100 elementS&P 100 issueS&P 500 factorFoundedAugust 29, 1997; 24 years ago[three] in Scotts Valley, California, U.S.HeadquartersLos Gatos, California, U.S.Area servedWorldwide (apart from Mainland China, Crimea, North Korea and Syria)[4]Founder(s)Reed HastingsMarc RandolphKey human beingsReed Hastings (Chairman, Co-CEO)Ted Sarandos (Co-CEO, CCO)Greg Peters (COO, CPO)IndustryTechnology & Entertainment industry, mass mediaProductsStreaming mediaPay televisionVideo on demandServicesFilm productionFilm distributionTelevision manufacturingTelevision distributionRevenue US$25 billion (2020)Operating income US$four.585 billion (2020)Net profits US$2.761 billion (2020)Total belongings US$39.28 billion (2020)Total fairness US$11.half billion (2020)Employees12,135 (2021)DivisionsUS StreamingInternational StreamingDomestic DVDSubsidiariesDVD Netflix (dvd.netflix.com)Millarworld[5]LT-LA[6]Albuquerque StudiosNetflix PicturesNetflix StudiosNetflix AnimationStoryBots, Inc.Grauman's Egyptian Theatre[7]Broke and Bones (stake)[8]Roald Dahl Story CompanyNight School StudioScanline VFXURLnetflix.comRegistrationRequiredUsers 214 million (paid; as of October 19, 2021)[9][10]

Netflix, Inc. is an American subscription streaming provider and production organization. Launched on August 29, 1997, it gives a library of films and tv collection through distribution deals in addition to its own productions, referred to as Netflix Originals.

As of October 2021, Netflix has over 214 million subscribers international, which include seventy four million inside the United States and Canada, 70 million in Europe, the Middle East and Africa, 39 million in Latin America, and 30 million in Asia-Pacific.[10][eleven] It is to be had global besides in mainland China (because of local regulations), Syria, North Korea, and Crimea (because of US sanctions). Netflix has performed a prominent function in impartial movie distribution, and is a member of the Motion Picture Association (MPA).

Netflix can be accessed thru net browser on computers, or thru application software hooked up on smart TVs, set-top containers linked to televisions, tablet computers, smartphones, virtual media gamers, Blu-ray Disc players, video game consoles, and virtual truth headsets at the list of Netflix-compatible gadgets.[12][13][14][15] It is available in 4K decision.[16] In the US, the company offers DVD and Blu-ray rentals added in my view via the United States Postal Service from local warehouses.[17]

Netflix become based in 1997 via Reed Hastings and Marc Randolph in Scotts Valley, California. Netflix first of all both offered and rented DVDs through mail, but the income were removed within a yr to attention on the DVD condo business.[18][19] In 2007, Netflix added streaming media and video on demand. The corporation improved to Canada in 2010, accompanied via Latin America and the Caribbean. Netflix entered the content material production industry in 2013, debuting its first series House of Cards. In January 2016, it expanded to an additional a hundred thirty nations after which operated in a hundred ninety international locations.

The organization is ranked 164th at the Fortune 500[20] and 284th at the Forbes Global 2000.[21] It is the most important entertainment/media business enterprise by marketplace capitalization.[22] In 2021, Netflix become ranked as the eighth-maximum depended on logo globally by means of Morning Consult.[23] During the 2010s, Netflix changed into the top-performing inventory within the S&P 500 stock market index, with a complete go back of 3,693%.[24][25]

Netflix is headquartered in Los Gatos, California, in Santa Clara County,[26][27] with the 2 CEOs, Hastings and Ted Sarandos, cut up among Los Gatos and Los Angeles, respectively.[28][29] The business enterprise is visible as part of the Silicon Valley excessive-tech global.[30] It additionally operates worldwide workplaces in Asia, Europe, and Latin America which includes in Canada, France, Brazil, Netherlands, India, Japan, South Korea, and the United Kingdom. The organisation has manufacturing hubs in Los Angeles,[31] Albuquerque,[32] London,[33] Madrid, Vancouver and Toronto.[34] Compared to other distributors, Netflix pays greater for TV suggests up the front, but keeps extra upside on big hits.[35][36]History[edit]

First emblem, used from 1997 to 2000

Second emblem, used from 2000 to 2001

Netflix emblem used from 2001 to 2014

Netflix N icon used on the grounds that 2016Launch as a mail-based totally apartment business (1997–2006)[edit]

Opened Netflix rental envelope containing a DVD of Coach Carter (2005)

Marc Randolph, co-founding father of Netflix and the first CEO of the organisation

Reed Hastings, co-founder and the modern chairman and CEO

Availability of Netflix, as of January 2016:

Netflix's longtime Los Gatos headquarters region and contemporary legal address at 100 Winchester Circle (Building A)

Netflix's Los Gatos headquarters expansion campus at 90 to 160 Albright Way (Building G, a hundred and one Albright Way).[26][27]

Netflix Los Angeles workplaces at 5808 W Sunset Blvd.

On August 29, 1997, Marc Randolph and Reed Hastings founded Netflix in Scotts Valley, California. Hastings, a computer scientist and mathematician, become a co-founder of Pure Atria, which became obtained through Rational Software Corporation in 1997 for $seven-hundred million, then the largest acquisition in Silicon Valley history.[37] Randolph had labored as a marketing director for Pure Atria after Pure Atria acquired a business enterprise where Randolph worked. He was previously a co-founder of MicroWarehouse, a pc mail-order corporation as well as vice president of advertising for Borland International.[38] Hastings and Randolph came up with the idea for Netflix even as carpooling between their houses in Santa Cruz, California and Pure Atria's headquarters in Sunnyvale.[19] Patty McCord, later head of human sources at Netflix, turned into additionally inside the carpool group.[39] Randolph well-known Amazon.com and wanted to discover a big class of transportable items to sell over the Internet the usage of a comparable model. Hastings and Randolph taken into consideration and rejected promoting and renting VHS tapes as too high-priced to stock and too sensitive to ship.[38] When they heard approximately DVDs, first delivered inside the United States on March 24, 1997, they tested the idea of promoting or renting DVDs through mail through mailing a compact disc to Hastings's house in Santa Cruz.[38] When the disc arrived intact, they decided to go into the $16 billion home-video income and apartment industry.[38][19] Hastings is frequently quoted saying that he decided to start Netflix after being fined $40 at a Blockbuster keep for being overdue to return a replica of Apollo 13, however he and Randolph designed this apocryphal story to provide an explanation for the organisation's enterprise version and motivation.[19] Hastings invested $2.five million in coins from the proceeds of the Pure Atria sale into Netflix.[forty][19] Netflix released as the arena's first on-line DVD-condominium store, with only 30 employees and 925 titles to be had—nearly the complete catalogue of DVDs at the time.[19][41][forty two]

Initially, Netflix presented a consistent with-apartment version for every DVD, however introduced a month-to-month subscription idea in September 1999.[forty three] The in step with-apartment version was dropped by means of early 2000, allowing the company to consciousness on the commercial enterprise version of flat-price unlimited leases without due dates, past due prices, shipping and handling charges, or according to-title condo costs.[forty four]

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