Netflix

From Wikipedia, the free encyclopedia

Jump to navigationJump to search
This article is about the media service. For other uses, see Netflix (disambiguation).

Netflix, Inc.

show
Screenshot

Type of Public

business

Type of site OTT platform

• Nasdaq: NFLX
Traded as
• NASDAQ-100 component

• S&P 100 component

• S&P 500 component

Founded August 29, 1997; 23 years ago[1] in Scotts Valley,

California

Headquarters Los Gatos, California, U.S.

Area served Worldwide (excluding mainland

China, Syria, North Korea and Crimea)[2]

Founder(s) • Reed Hastings

• Marc Randolph

Key people • Reed Hastings (Chairman, Co-CEO)

• Ted Sarandos (Co-CEO, CCO)[3]

• Greg Peters (COO, CPO)

Industry Tech & Entertainment, mass media

Products • Streaming media

 • video on demand

Services • Film production

• film distribution

• television production

• television distribution

Revenue US$25 billion (2020)

Operating US$4.585 billion (2020)

income

Net income US$2.761 billion (2020)

Total assets US$39.28 billion (2020)

Total equity US$11.065 billion (2020)

Employees 12,135 (2021)

Divisions US Streaming

International Streaming

Domestic DVD

Subsidiaries • DVD Netflix (DVD.com)

• Millarworld[4]

• LT-LA[5]

• ABQ Studios

• Netflix Pictures

• Netflix Animation

• Netflix Pte. Ltd.

• Netflix Services UK Limited

• Netflix Streaming Services International

B.V.

• Netflix Streaming Services, Inc.

• Netflix Global, LLC

• Netflix Services Germany GmbH

• NetflixCS, Inc.

• Netflix Luxembourg S.a r.l.

• Netflix Studios

• Netflix Entretenimento Brasil LTDA.

 • Netflix Pty. Ltd.

• StoryBots, Inc.

• Egyptian Theatre[6]

• Broke and Bones (stake)[7]

URL netflix.com

Registration Required

Users 204 million (paid; as of January 19, 2021)

[8]

Netflix, Inc. is an American content platform and production company headquartered

in Los Gatos, California. Netflix was founded in 1997 by Reed Hastings and Marc
Randolph in Scotts Valley, California. The company's primary business is a
subscription-based streaming service offering online streaming from a library of films
and television series, including those produced in-house.[9] In January 2021, Netflix
reached 203.7 million subscribers, including 73 million in the United States.[10][11] It is
available worldwide except in the following: mainland China (due to local
restrictions), Syria, North Korea, and Crimea (due to US sanctions). It was reported in
2020 that Netflix's operating income is $1.2 billion.[12] The company has offices in
France, Brazil, the Netherlands, India, Japan, South Korea, and the United
Kingdom.[13] Netflix is a member of the Motion Picture Association (MPA), producing and
distributing content from countries all over the globe.
Netflix's initial business model included DVD sales and rental by mail, but Hastings
abandoned the sales about a year after the company's founding to focus on the initial
DVD rental business.[9][14] Netflix expanded its business in 2007 with the introduction of
streaming media while retaining the DVD and Blu-ray rental business. The company
expanded internationally in 2010 with streaming available in Canada,[15] followed by Latin
America and the Caribbean. Netflix entered the content-production industry in 2013,
debuting its first series House of Cards.