Netflix

The streaming service Netflix was founded by Reed Hastings and Marc Randolph in August 1997 in Scotts Valley, California. It began as a DVD rental-by-mail service and later introduced its online streaming service in 2007, allowing users access to a wide range of content to consume.

Netflix is headquartered in Los Gatos, California, United States. From being a platform that broadcasts licensed audio-visual content, it has expanded its horizon to become a producer of its own original content with Netflix Originals such as Stranger Things, Squid Game, Lucifer, The Witcher, and The Crown.

Paid subscriptions provide users with access to various kinds of entertainment such as TV shows, movies, documentaries, and anime. They can then view these on their devices. The application allows users to sign up for various plans based on the number and types of devices on which they wish to stream the content.

With personal recommendations and a user-friendly interface, Netflix has attracted a large audience across 190 countries. As per Nasdaq data, Netflix has a market capitalisation of $167.11 Billion as of 29 September 2023.

According to the company’s second-quarter financial statement, Netflix had 238.4 Million paid subscribers worldwide with the EMEA region having 79.81 Million subscribers, followed by the US and Canada region having 75.57 Million subscribers. The major competitors of Netflix include Amazon Prime Video, Disney+ and Apple TV+.