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Screenshot  Screenshot of Netflix's English website in 2019 | |
| Type of business | Public |
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Type of site | OTT streaming platform |
| Available in | List
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List of languages List
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| Traded as |
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| Founded | August 29, 1997[3] in Scotts Valley, California, U.S. |
| Headquarters | Los Gatos, California, U.S. |
| Area served | Worldwide (excluding Mainland China, Russia, North Korea and Syria)[4][5] |
| Founder(s) |
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| Key people |
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| Industry | Technology & Entertainment industry, mass media |
| Products |
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| Services |
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| Revenue |  US$29.7 billion (2021) |
| Operating income | US$6.195 billion (2021) |
| Net income | US$5.116 billion (2021) |
| Total assets | US$44.585 billion (2021) |
| Total equity | US$15.849 billion (2021) |
| Employees | 12,135 (2021) |
| Divisions |
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| Subsidiaries |
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| URL | TBA |
| Registration | Required |
| Users |  221.6 million (paid; as of April 16, 2022[update]) |
| [10][11] | |
Netflix, Inc. is an American subscription streaming service and production company. Launched on August 29, 1997, it offers a film and television series library through distribution deals as well as its own productions, known as Netflix Originals.
As of March 31, 2022, Netflix had over 221.6 million subscribers worldwide,[12] including 74.6 million in the United States and Canada,[13] 74.0 million in Europe, the Middle East and Africa, 39.9 million in Latin America and 32.7 million in Asia-Pacific.[11] It is available worldwide aside from Mainland China, Syria, North Korea, and Russia. Netflix has played a prominent role in independent film distribution, and it is a member of the Motion Picture Association (MPA).
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History[]
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Launch as a mail-based rental business (1997–2006)[]
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Transition to streaming services (2007–2012)[]
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Development of original programming (2013–2017)[]
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Expansion into international productions (2017–2020)[]
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Expansion into gaming, Squid Game, decline in subscribers (2021–present)[]
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Products[]
- Main article: List of Netflix-compatible devices
Netflix can be accessed via an internet browser on PCs, while Netflix apps are available on various platforms, including Blu-ray Disc players, tablet computers, mobile phones, smart TVs, digital media players, and video game consoles (including Xbox 360 and newer, and PlayStation 3 and newer). The Wii, Wii U, Nintendo 3DS and PlayStation 2 were formerly compatible with Netflix as well.
In addition, a growing number of multichannel television providers, including cable television and IPTV services, have also added Netflix apps accessible within their own set-top boxes, sometimes with the ability for its content (along with those of other online video services) to be presented within a unified search interface alongside linear television programming as an "all-in-one" solution.[14][15][16][17]
4K streaming requires a 4K-compatible device and display, both supporting HDCP 2.2. 4K streaming on personal computers requires hardware and software support of the Microsoft PlayReady 3.0 digital rights management solution, which requires a compatible CPU, graphics card, and software environment. Currently, this feature is limited to 7th generation Intel Core or later CPUs, Windows 10, Nvidia GeForce 10 series and AMD Radeon 400 series or later graphics cards, and running through Microsoft Edge web browser, or the Netflix universal app available on Microsoft Store.[18][19][20][21][22]
Corporate affairs[]
Historical financials and membership growth[]
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| Year | Revenue in millions of US$ |
Net income in millions of US$ |
Price per Share in US$ |
Employees | Paid memberships in millions |
Fortune 500 rank |
|---|---|---|---|---|---|---|
| 2005 | 682 | 42 | 2.59 | 2.5 | ||
| 2006 | 997 | 49 | 3.69 | 4.0 | ||
| 2007 | 1,205 | 67 | 3.12 | 7.3 | ||
| 2008 | 1,365 | 83 | 4.09 | 9.4 | ||
| 2009 | 1,670 | 116 | 6.32 | 11.9 | ||
| 2010 | 2,163 | 161 | 16.82 | 2,180 | 18.3 | |
| 2011 | 3,205 | 226 | 27.49 | 2,348 | 21.6 | |
| 2012 | 3,609 | 17 | 11.86 | 2,045 | 30.4 | |
| 2013 | 4,375 | 112 | 35.27 | 2,022 | 41.4 | |
| 2014 | 5,505 | 267 | 57.49 | 2,450 | 54.5 | |
| 2015 | 6,780 | 123 | 91.90 | 3,700 | 70.8 | #474 |
| 2016 | 8,831 | 187 | 102.03 | 4,700 | 89.1 | #379 |
| 2017 | 11,693 | 559 | 165.37 | 5,500 | 117.5 | #314 |
| 2018 | 15,794 | 1,211 | 7,100 | 139.3 | #261 | |
| 2019 | 20,156 | 1,867 | 8,600 | 167.1 | #197 | |
| 2020 | 24,996 | 2,761 | 9,400 | 203.7 | #164 | |
| 2021 | 29,697 | 5,116 | 11,300 | 221.8 | #115 | |
| Source:[11] | ||||||
Watch Vooks On Netflix[]
Vooks Is A Movie Called 2025
Netflix Los Angeles offices at 5808 W Sunset Blvd.
Netflix grants all employees extremely broad discretion with respect to business decisions, expenses, and vacation—but in return expects consistently high performance, as enforced by what is known as the "keeper test."[25][26] All supervisors are expected to constantly ask themselves if they would fight to keep an employee. If the answer is no, then it is time to let that employee go.[27] A slide from an internal presentation on Netflix's corporate culture summed up the test as: "Adequate performance gets a generous severance package."[26] Such packages reportedly range from four months' salary in the United States to as much as six months in the Netherlands.[27]
The company offers unlimited vacation time for salaried workers and allows employees to take any amount of their paychecks in stock options.[28]
About the culture that results from applying such a demanding test, Hastings has said that "You gotta earn your job every year at Netflix,"[29] and, "There's no question it's a tough place...There's no question it's not for everyone."[30] Hastings has drawn an analogy to athletics: professional athletes lack long-term job security because an injury could end their career in any particular game, but they learn to put aside their fear of that constant risk and focus on working with great colleagues in the current moment.[31]
Environmental impact[]
In March 2021, Netflix announced that it would work to reach net zero greenhouse gas emissions by the end of 2022, while investing in programs to preserve or restore ecosystems. The company stated that it would cut emissions from its operations and electricity use by 45 percent by 2030. Due to the COVID-19 pandemic and lack of content production, Netflix had a 14 percent drop in emissions in 2020.[32][33] In 2021, Netflix bought 1.5 million carbon credits from 17 projects around the world.[34]
Content[]
Original programming[]
- Further information: List of ended Netflix original programming
- Further information: List of Netflix India originals
A "Netflix Original" is content that is produced, co-produced, or distributed by Netflix exclusively on their services. Netflix funds their original shows differently than other TV networks when they sign a project, providing the money upfront and immediately ordering two seasons of most series.[35]
Over the years, Netflix's output has ballooned to a level unmatched by any television networks and streaming services. According to Variety Insight, Netflix produced a total of 240 new original shows and movies in 2018, then climbed to 371 in 2019, a figure "greater than the number of original series that the entire U.S. TV industry released in 2005."[36] Netflix's total budget allocated to production increased annually, reaching $13.6 billion in 2021 and projected to hit $18.9 billion by 2025, a figure that once again overshadowed any of its competitors.[37]
Film and television deals[]
Netflix has exclusive pay TV deals with several studios. The deals give Netflix exclusive streaming rights while adhering to the structures of traditional pay TV terms.
Distributors that have licensed content to Netflix include Warner Bros., Universal Pictures, Sony Pictures Entertainment and previously The Walt Disney Studios (including 20th Century Fox). Netflix also holds current and back-catalog rights to television programs distributed by Walt Disney Television, DreamWorks Classics, Kino International, Warner Bros. Television and CBS Media Ventures, along with titles from other companies such as Allspark (formerly Hasbro Studios), Saban Brands, and Funimation. Formerly, the streaming service also held rights to select television programs distributed by NBCUniversal Television Distribution, Sony Pictures Television and 20th Century Fox Television.
Netflix also negotiated to distribute animated films from Universal that HBO declined to acquire, such as The Lorax, ParaNorman, and Minions.[38]
Netflix also holds exclusive streaming rights to the film library of Studio Ghibli (with the exception of Grave of the Fireflies) worldwide except in the U.S., Canada, China and Japan as part of an agreement signed with Ghibli's international sales holder Wild Bunch in 2020.
Production companies who provide films and TV programs to Netflix[]
The following list only applies to the United States. Listed companies may still or may not have licensing agreements with Netflix in other territories.
- 9 Story Media Group
- A&E Networks
- Aardman Animations
- Adult Swim
- Aniplex of America
- Bad Robot Productions
- Bandai Namco
- Bento Box Entertainment
- BET
- Big Idea Entertainment
- Bleecker Street
- Blumhouse Productions
- Boat Rocker Media
- Cake Entertainment
- Capcom
- Chernin Entertainment
- Chicken Soup for the Soul Entertainment
- Cinemax
- Comedy Central
- Constantin Film
- DHX Media
- DreamWorks Animation
- Entertainment One
- Epic Pictures
- ErosSTX
- FilmRise
- Frederator Studios
- Funimation
- Gaumont Film Company
- Hasbro
- HBO
- HIT Entertainment
- Kino International
- Konami
- Legendary Entertainment
- Lionsgate
- Magnolia Pictures
- MarVista Entertainment
- Mattel
- Metro-Goldwyn-Mayer
- MTV
- NBC
- Nelvana
- Nickelodeon
- Nordisk Film
- Open Road Films
- Oscilloscope Laboratories
- Paramount Global
- Pathé
- PBS
- PBS Kids
- The Pokémon Company
- QED International
- Rat Pack Filmproduktion
- Red Chillies Entertainment
- Relativity Media
- Saban Brands
- Scholastic
- Shout! Factory
- Skydance Media
- Sony Pictures
- Square Enix
- Studio 100
- Studio Trigger
- Sun Pictures
- TBS
- Titmouse, Inc.
- TNT
- TruTV
- Universal Pictures
- Viz Media[39]
- Warner Bros. Discovery
- WildBrain
- Wow Unlimited Media
- Xilam
- XOF Productions
Awards[]
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Criticism[]
- Main article: Criticism of Netflix
Netflix has been subject to criticism from various groups and individuals as its popularity and market reach increased in the 2010s.
Customers have complained about price increases in Netflix offerings dating back to the company's decision to separate its DVD rental and streaming services, which was quickly reversed. As Netflix increased its streaming output, it has faced calls to limit accessibility to graphic content and include viewer advisories for issues such as sensationalism and promotion of pseudoscience. Netflix's content has also been criticized by disability rights advocates for lack of captioning quality.[40]
Some media organizations and competitors have criticized Netflix for selectively releasing ratings and viewer numbers of its original programming. The company has made claims boasting about viewership records without providing data to substantiate its successes or using problematic estimation methods. During the COVID-19 pandemic, some government agencies called for Netflix and other streamers to limit services due to increased broadband and energy consumption as large amounts of the world’s population were at home. In March 2020, the company announced it would reduce bit rates across all streams in Europe, thus decreasing Netflix traffic on European networks by around 25 percent. These same steps were later taken in India.[41]
Its distribution model for films labeled "Netflix originals" has led to conflicts with the legacy of the film industry. Some cinema chains have refused to screen films distributed theatrically by Netflix as the company's release method reduces or extinguishes standard release windows. Questions have been raised in reference to the eligibility of Netflix's original films for prestigious accolades like the Academy Awards. The United States Department of Justice warned the Academy that attempts to change its rules to discriminate against Netflix and other streaming platforms could violate antitrust laws, as the parent companies of the traditional major studios have been making investments into streaming services that are in direct competition with Netflix. After the COVID-19 pandemic forced theaters around the country to close for several months in 2020, the next year WarnerMedia, Disney and Universal each released films on their respective streaming services, HBO Max, Disney+, and Peacock, on the same day they were released in theaters.[42]
In May 2022, Netflix's shareholder Imperium Irrevocable Trust filed a lawsuit against the company for violating the U.S. securities laws.[43]
See also[]
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- List of streaming media services
References[]
- ↑ Template:Cite press release
- ↑ Template:Cite press release
- ↑ [TBA Business Search – Results]. Secretary of State of California.
- ↑ [TBA Where is Netflix available?].
- ↑ Cite error: Invalid
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<ref>tag; no text was provided for refs namedMillarworld - ↑ Page Module:Citation/CS1/styles.css has no content.Hipes, Patrick (July 18, 2018). [TBA "Netflix Takes Top Awards Strategist Lisa Taback Off The Table"] Check
|url=value (help). Deadline Hollywood. - ↑ Cite error: Invalid
<ref>tag; no text was provided for refs namedegyptian - ↑ Cite error: Invalid
<ref>tag; no text was provided for refs namedBrooker - ↑ [TBA US SEC: 2020 Form 10-K Netflix, Inc.]. U.S. Securities and Exchange Commission (January 28, 2021).
- ↑ 11.0 11.1 11.2 [TBA Company Profile].
- ↑ [TBA Netflix Shares Plunge 25% After Company Loses 200,000 Subscribers] (en).
- ↑ [TBA Netflix may ban shared accounts after losing 200K subscribers - National | Globalnews.ca] (en-US).
- ↑ Template:Cite magazine
- ↑ Template:Cite magazine
- ↑ Statt, Nick (December 7, 2017). [TBA Verizon Fios quietly adds Netflix integration to three set-top box models].
- ↑ Page Module:Citation/CS1/styles.css has no content.[TBA "How Cable Companies Learned to Love Netflix (or Hulu) and Chill Out"] Check
|url=value (help). Bloomberg.com. November 27, 2017. Retrieved April 28, 2019. - ↑ [TBA All about PlayReady 3.0, Microsoft's secret plan to lock down 4K movies to your PC] (April 24, 2015).
- ↑ [TBA How to watch Netflix in UHD] (August 28, 2015).
- ↑ [TBA Netflix 4K streaming comes to the PC—but it needs Kaby Lake CPU] (November 22, 2016).
- ↑ [TBA Preview of 4K UHD Netflix content on NVIDIA GPUs].
- ↑ Page Module:Citation/CS1/styles.css has no content.Oh, Nate. [TBA "AMD 18.4.1 Driver Brings Beta PlayReady 3.0 Support for Polaris; Support for Vega GPUs & APUs Still to Come"] Check
|url=value (help). AnandTech. Retrieved May 9, 2018. - ↑ Page Module:Citation/CS1/styles.css has no content.Donato-Weinstein, Nathan (December 11, 2012). [TBA "Netflix officially signs on to new Los Gatos campus"] Check
|url=value (help). American City Business Journals. - ↑ Page Module:Citation/CS1/styles.css has no content.Donato-Weinstein, Nathan (September 4, 2015). [TBA "Netflix seals big Los Gatos expansion"] Check
|url=value (help). American City Business Journals. - ↑ Page Module:Citation/CS1/styles.css has no content.Allyn, Bobby (September 15, 2020). [TBA "Netflix CEO Embraces 'No Rules,' But Work Is Anything But Chill"] Check
|url=value (help). NPR. National Public Radio, Inc. Retrieved 16 September 2020. - ↑ 26.0 26.1 Page Module:Citation/CS1/styles.css has no content.Chmielewski, Dawn (September 7, 2020). [TBA "How Netflix's Reed Hastings Rewrote The Hollywood Script"] Check
|url=value (help). Forbes. pp. 76–82. Retrieved October 5, 2020. This article was written by Forbes staff and was the Forbes magazine cover story for the month of publication. - ↑ 27.0 27.1 Page Module:Citation/CS1/styles.css has no content.[TBA "Can Reed Hastings preserve Netflix's culture of innovation as it grows?"] Check
|url=value (help). The Economist. 436 (9211). 12 September 2020. pp. 52–53. Retrieved 16 September 2020. - ↑ Page Module:Citation/CS1/styles.css has no content.Blitstein, Ryan (March 22, 2007). [TBA "Vacation policy at Netflix: Take as much as you want"] Check
|url=value (help). Pittsburgh Post-Gazette. Retrieved November 10, 2008. Check|archive-url=value (help) - ↑ Page Module:Citation/CS1/styles.css has no content.Jarvey, Natalie (September 10, 2020). [TBA "Reed Hastings Says Netflix Won't Buy a Theater Chain, But Thinks Moviegoing Will Return"] Check
|url=value (help). The Hollywood Reporter. Retrieved 16 September 2020. - ↑ Page Module:Citation/CS1/styles.css has no content.Buddenhagen, Richard (September 6, 2020). [TBA "How Netflix reinvented entertainment — and corporate culture"] Check
|url=value (help). CBS News. CBS Interactive Inc. Retrieved September 16, 2020. - ↑ Page Module:Citation/CS1/styles.css has no content.Spangler, Todd (September 7, 2020). [TBA "Reed Hastings on New Book, Netflix's Future and One of His Toughest 'Keeper Tests'"] Check
|url=value (help). Variety. Retrieved 16 September 2020. - ↑ [TBA Netflix promises to wipe carbon footprint in under two years] (March 31, 2021).
- ↑ [TBA Netflix Pledges Net-Zero Emissions by 2023] (April 1, 2021).
- ↑ Page Module:Citation/CS1/styles.css has no content.[TBA "Netflix Bought 1.5 Million Carbon Credits in 2021"] Check
|url=value (help). - ↑ [TBA The Netflix Backlash: Why Hollywood Fears a Content Monopoly] (en-US) (2016-09-14).
- ↑ [TBA Netflix Released More Originals in 2019 Than the Entire TV Industry Did in 2005] (en-US) (2019-12-17).
- ↑ [TBA Netflix's Amortized Content Spending to Rise 26% to $13.6 Billion in 2021, Analysts Project] (en-US) (2021-09-23).
- ↑ Page Module:Citation/CS1/styles.css has no content.Szalai, Georg (December 5, 2012). [TBA "Netflix's Ted Sarandos Calls Disney Content Deal a 'Game Changer'"] Check
|url=value (help). The Hollywood Reporter. Check|archive-url=value (help) - ↑ Template:Cite press release
- ↑ Page Module:Citation/CS1/styles.css has no content.Cooper, Kelly-Leigh (June 29, 2018). [TBA "Queer Eye host backs Netflix subtitle change"] Check
|url=value (help). BBC News. Retrieved July 8, 2019. - ↑ [TBA Netflix execs say they'll finally start releasing viewership data soon]. The Verge (April 17, 2019).
- ↑ Error on call to Template:cite web: Parameters url and title must be specifiedKay, Jeremy. .
- ↑ Cho, Winston (May 4, 2022). [TBA Netflix Hit With Shareholder Lawsuit After Disclosing Subscriber Loss].
Further reading[]
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External links[]
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