Netflix the revolution, perhaps this would be a name that could make total sense, displacing film stores around the world.
THE Netflix is a streaming service in popular video all over the world, but how exactly did this entertainment platform come about?
The history of Netflix goes back to the late s 1990, when Reed Hastings, the company's founder rented a film from a video store and had to pay a fine for returning it late.
That's when he had an idea: what if he could rent movies without leaving home?
In 1997, Hastings and Marc Randolph founded Netflix, a company that provided customers with the ability to rent DVDs by mail.
Customers could choose from a wide range of titles, add them to a wish list and receive them in the mail in personalized red envelopes.
After watching, they could return the DVD in the mail and get another one from the list.
A small operations company
In the beginning, Netflix was just a small operation with just 30 employees and a limited catalog of films.
However, the company quickly gained popularity and the service was adopted by customers across the United States.
In 2007, Netflix launched its online streaming service, which allows customers to watch movies and TV shows directly from their computers.
This was an important milestone for the company as it allowed it to reach an even larger audience and become a global entertainment platform.
In the years since, Netflix has continued to expand its content offerings, adding original films, TV shows, and documentaries to its library.
They also began producing original content, such as the hit series “House of Cards,” which debuted in 2013.
Since then, Netflix has become one of the most valuable entertainment companies in the world, with a global customer base and a catalog of films and TV shows that cater to a wide range of tastes and interests.
Netflix was born from a simple but innovative idea: the possibility of renting films without leaving home.
Since then, the company has grown and expanded to become one of the most popular and influential entertainment platforms in the world.
How much is Netflix worth today?
According to financial market data in March 2023, Netflix has a market value of approximately US$ 300 billion.
This value can change daily depending on stock market dynamics and other economic variables.
Netflix is one of the most valuable companies in the entertainment industry, with a global subscriber base of more than 200 million people and a growing library of original and licensed films, TV shows and documentaries.
