Netflix

About

Netflix is a pioneering entertainment company founded in 1997 by Reed Hastings and Marc Randolph. Initially, it operated as a DVD-by-mail service, offering a subscription-based model without late fees. This innovative approach disrupted traditional video rental stores like Blockbuster. In 1998, Netflix launched its website, allowing users to browse and order DVDs online. By 1999, the company had implemented a subscription service, allowing unlimited rentals for a monthly fee. Netflix's transformation into a streaming giant began in 2007. The company introduced online streaming, shifting from physical DVDs to digital content. This move revolutionized content consumption, offering users on-demand access to a vast library of movies and TV shows. Netflix further enhanced its offerings by producing original content, such as "Stranger Things" and "The Crown," which have garnered critical acclaim. Today, Netflix is a global leader in streaming services, available in over 190 countries with millions of subscribers worldwide.