Netflix

About

Netflix is a renowned media and entertainment company that has undergone significant transformations since its inception. Founded in 1997 by Reed Hastings and Marc Randolph, it initially operated as a DVD rental service, revolutionizing the way people accessed movies and TV shows by eliminating late fees and offering a vast selection through mail-order subscriptions[1][3]. This innovative approach disrupted traditional video rental stores like Blockbuster, setting the stage for future growth[1][4]. Netflix's pivotal shift to streaming in 2007 marked a new era, transforming it into a global streaming giant[2][4]. The company expanded internationally, launched original content, and invested heavily in technology to enhance user experience[2][4]. Today, Netflix is a leading player in the streaming industry, known for its diverse content library and technological advancements[4][5]. Despite facing increased competition, Netflix continues to evolve, focusing on original content and strategic innovations to maintain its market leadership[5].