About Netflix

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Netflix, Inc. is an American production business and pays television over-the-top media service that provides subscription-based video on demand from a library of films and television programs, 40% of which is original material created in-house.

Netflix has 214 million members as of October 2021, with 74 million in the US and Canada, 70 million in Europe, the Middle East, and Africa, 39 million in Latin America, and 30 million in Asia-Pacific. Except for mainland China (because of local limitations), Syria, North Korea, and Crimea, it is accessible globally (due to US sanctions). Netflix is a member of the Motion Picture Association and has played a significant role in independent film distribution (MPA).

Netflix may be viewed using a computer’s web browser or through application software installed on smart TVs, set-top boxes linked to televisions, tablet computers, smartphones, digital media players, Blu-ray Disc players, video game consoles, and virtual reality headsets, among other devices.

It comes with a 4K resolution. In the United States, the firm offers DVD and Blu-ray rentals from regional warehouses that are sent separately by the US Postal Service.

Reed Hastings and Marc Randolph launched Netflix in Scotts Valley, California, in 1997. Netflix sold and leased DVDs through mail at first, but the sales were phased out after a year to concentrate on the DVD rental business.

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Netflix launched streaming media and video on demand in 2007. In 2010, the firm moved to Canada, then to Latin America and the Caribbean. In 2013, Netflix debuted its first series, House of Cards, in the content creation sector. It added 130 more nations in January 2016, bringing the total number of countries it serves to 190.

On the Fortune 500[20], the firm is placed 164th, while on the Forbes Global 2000, it is ranked 284th.

By market capitalization, it is the biggest entertainment/media corporation. Morning Consult identified Netflix as the ninth most trustworthy brand in the world in 2021. Netflix was the best-performing stock in the S&P 500 stock market index during the 2010s, with a total return of 3,693 percent.

Netflix is based in Los Gatos, California, in Santa Clara County, with Hastings and Ted Sarandos splitting their time between the two cities.

The firm is associated with the high-tech sector of Silicon Valley. In Asia, Europe, and Latin America, it has offices in Canada, France, Brazil, the Netherlands, India, Japan, South Korea, and the United Kingdom, among others. Los Angeles, Albuquerque, London, Madrid, Vancouver, and Toronto are among the company’s production centers. Netflix pays more upfront for TV programming than traditional distributors but gets more upside on major successes.

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