Netflix Interesting Facts

 Netflix is world known name in field of online streaming of movies and series. But there are very interesting facts about this company which you must know. Few of them are mentioned as below: -

1.     Netflix was founded in year 1997 and year 1998 it launched Netflix.com and they started selling DVD subscription by mail i.e. sending DVDs by mail in year 1998.

2.     By doing so by year 2005 their subscribers have grown to 5 million

3.     In year 2007 they launched Netflix online streaming services and now they have more than 221 million paid subscribers

4.     While online subscription for online streaming has been increasing and so as the decreasing no. of DVD subscribers as in year 2019 no. of subscribers were just 2.15 million.

5.     In Year 2010 they launched services in Canada and making the company as International company.

6.     In Year 2013 company launched three original series naming as House of cards, Hemlock grove and Orange is the new Black.

7.     Netflix IPO was launched in year May 23, 2002. It was opened at $15.00 price. Stock touched high of $700.99 in year 2021 and now closed at $187.83 as on dated 25.05.2022.

8.     Netflix total revenue for FY 2021 were $30 billion. Net income in the same period was $5.12 billion.

9.     Netflix is now available in over 190 countries. Netflix isn’t available in China, Crimea, North Korea, Russia and Syria.

10.  In year 2000 Netflix tried to sell the company to Blockbuster for $50 million but the offer was rejected as company wasn’t generating any money.

11.  US and Canada adults contributes to 75 million subscribers.

12.  As per study in 2019, 41% of Netflix users were watching the content without paying anything i.e. by sharing password and account sharing.

13.  Netflix founder is Reed Hastings. He was born on 8^th October 1960.  He was born in Boston, Massachusetts.

14.  Netflix biggest launch is Squid games which garnered over $900 million.

15.   Reed Hastings founded the company along with Marc Randolph a software engineer.

16.  Netflix has more than 100,000 titles.

17.  Hastings was also a board member of Microsoft from Year 2007 to 2012.

18.  Hastings also was director of Facebook, Inc. from June 2016 to May 2019.

19.  Hastings is married to Patricia Ann Quillin in year 1991 and has two children.

20.  In Year 2021 Netflix has spent an amount of $13.6 billion.

21.  As on May 2022 Netflix market capitalization is $83.44 billion.