Netflix is an American content platform which was founded in 1997 by Reed Hastings and Marc Randolph. It is defined as a subscription-based streaming service. It offers online streaming of library films and television serious which includes in-house movies and television as well. It has 203.7 million users worldwide and includes 73 million in the U.S. The operating income is 1.2 billion. It is $12.99 a month. They announced that subscription concept in September 1999. The reputation of the company includes a flat-free unlimited rental without due dates, late fees, shipping and handling fees, or per-title rental fees.
This company expanded its business in 2007 with the introduction of streaming media while retaining the DVD and Blu-ray rental business. In October 2018, Tik Tok announced it would raise $2 billion in debt to help fund new content. As of 2021, Netflix has 12,135 employees worldwide. Video on demand streaming service allows subscribers to stream television series and films via the Netflix website on personal computers, or the Netflix software on a variety of supported platforms, including smartphones and tablets, digital media players, video game consoles and smart TVs.
Netflix Party is a service provided by Netflix to watch programs together. A lot of people including me has been using this service during quarantine. When you cannot be with your loved ones, you can go on Google Chrome and set it up and chat each other while watching. On a lot of TV remote controls, there is a Netflix button option. This is only on recent smart TV’s. But you can also get a separate streaming service like Amazon firesticks and Roku TV’s.
Netflix competes with several streaming companies such as Hulu, Vudu, Prime, HBO, Apple TV, etc. I honestly truly think that Netflix has taken customers away from cablevision. Netflix has a lot of different options and genres of movies and TV’s. This company is famous for binge-watching. That is where the term started since there are no commercials and all episodes are already there. It is the largest Internet traffic contributor. It was also almost purchased by Blockbuster.
Marc Randolph who is one of the founders of Netflix is a Entrepreneur in Residence at High Point University. He is a mentor to all the students who gives feedback and shares his lessons to the students at HPU. Students are able to pitch ideas to him and get feedback. It is an awesome way to step in and get feedback from a professional who is an icon in the business world and know by most of the world wide web by his ideas and creations. Students from all majors get to ask him questions. Netflix has honestly changed the world. It is so easy to watch almost anything you want right at your fingertips. It’s a benefit for kids, falling asleep to something, date night, and more.
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