NETFLIX COMPANY OPERATING IN THE INTERNET DISTRIBUTION OF
NETFLIX COMPANY OPERATING IN THE INTERNET DISTRIBUTION OF FILMS, TELEVISION SERIES AND OTHER ENTERTAINMENT CONTENT.
FOUNDING OF NETFLIX THE STORY OF HOW REED HASTINGS CAME UP WITH THE IDEA… 1 2 In the mid-Nineties, he was said to have rented Apollo 13 from his local Blockbuster Video store and lost it. The penalty for such an infraction was a $40 fine. Here’s how Hastings told it in Fortune Magazine eight years ago: I remember the fee because I was embarrassed about it. That was back in the VHS days, and it got me thinking that there’s a big market out there. HOMEPAGE 3 So I started to investigate the idea of how to create a movie-rental business by mail. I didn’t know about DVDs, and then a friend of mine told me they were coming. I ran out to Tower Records in Santa Cruz, California, and mailed CDs to myself, just a disc in an envelope. It was a long 24 hours until the mail arrived back at my house, and I ripped them open and they were all in great shape. That was the big excitement point.
The growth of Netflix’s revenue over the years! In several charts, it is shown how Netflix has grown over the years. Top Applications By Downstream Bytes Share Netflix Revenue the 2017 past 4 years 2014 over 2015 2016 Netlfix HTTP Youtube Bit. Torrent 560 450 26% 30% 330 280 5% 10% 11% 2014 2015 2016 HOMEPAGE 2017 18% Flash Video Others
MEMBERSHIP • • • PICK YOUR PRICE, PICK YOUR PLAN! NETFLIX OFFERS 3 MEMBERSHIP PLANS TO SUIT YOUR NEEDS. YOUR PLAN WILL DETERMINE HOW MANY PEOPLE CAN STREAM NETFLIX CONTENT AT ONCE, AND WHETHER YOU CAN VIEW IN STANDARD DEFINITION (SD), HIGH DEFINITION (HD), OR ULTRA HIGH DEFINITION (UHD). BASIC PLAN: 1 SCREEN PLAN SD (WATCH ON 1 DEVICE AT A TIME, STANDARD DEFINITION) STANDARD PLAN: 2 SCREEN PLAN HD (WATCH ON 2 DEVICES AT THE SAME TIME, HIGH DEFINITION WHEN AVAILABLE) PREMIUM PLAN: 4 SCREEN PLAN HD/UHD 4 K (WATCH ON 4 DEVICES AT THE SAME TIME, INCLUDES HIGH DEFINITION AND ULTRA HIGH DEFINITION WHEN AVAILABLE) DVD PLAN (ONLY AVAILABLE IN THE US): US CUSTOMERS CAN SIGN UP FOR A DVD-ONLY PLAN, OR ADD DVDS TO THEIR CURRENT STREAMING PLAN. HOMEPAGE
NETFLIX ORIGINALS • A "NETFLIX ORIGINAL" IS CONTENT THAT IS PRODUCED, CO- PRODUCED, OR DISTRIBUTED BYNETFLIX 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. • IN 2018, AFTER THE SUCCESS OF NETFLIX'S ORIGINAL CONTENT, THE COMPANY DECIDED TO ATTRIBUTE 85% OF TOTAL $12 AND $13 BILLION ON ORIGINAL SERIES AND MOVIES. HOMEPAGE
MONEY AND NETFLIX • • • HOMEPAGE REED HASTINGS, WITH A CURRENT NET WORTH OF ABOUT $2. 3 BILLION, HAS BEEN NAMED TO THE FORBES 400 LIST OF THE RICHEST AMERICANS FOR THE FIRST TIME. ” AS OF THIS WRITING ONE YEAR LATER, FORBES HAS HIM WORTH $4. 1 BILLION - DOUBLE WHAT HE WAS WORTH LAST YEAR. IN ORDER TO GROW, NETFLIX OFFERED A $1, 000 PRIZE TO THE FIRST DEVELOPER OF A VIDEO-RECOMMENDATION ALGORITHM THAT COULD BEAT IT’S EXISTING ALGORITHM, CINEMATCH, AT PREDICTING CUSTOMER RATINGS BY MORE THAN 10%. THIS WAS 5 YEARS AFTER THE COMPANY STARTED.
REVIEW 1 Reed Hastings and his $40 late fee! Founded by Reed Hastings and Marc Randolph on August 29, 1997 in Scotts Valley, California. To subscribe, you pay $9. 99 per month for the standard package. 2 The revenue of Netflix in 2017 came to about 11. 69 billion US dollars. The standard package is considered the best considering quality and price! 3 Netflix is the top Application by downstream bytes share! HOMEPAGE
INDEX • CS NETFLIX. DOCX: WORD DOCUMENT • LAILAFINAL. XLSX: EXCEL DOCUMENT o Netflix Originals o Money and Netflix o Review Click here to learn more about the founding process of Netflix! Click here to learn more about the different subscriptions available on Netflix! Click here to view the growth of Netflix's revenue over the years!
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