Netflix was founded in 1997 and is an American provider of
on-demand Internet streaming media available to North and South America, parts
of Europe (including the United Kingdom) and the Caribbean. They also provide
flat rate DVD-by-mail in the United States (where DVD’s are mailed and sent via
Permit Reply Mail). Netflix’s headquarters are in Los Gatos, California. In
1999, it started a subscription-based digital distribution service, and by 2009
it was offering over 100,000 titles on DVD and had also surpassed 10 million
subscribers.
On February 25th 2007, Netflix had announced
their billionth DVD delivery. In April 2011, Netflix had 23.6 million
subscribers in the United States and 26 million worldwide. Netflix’s revenue
reached at least $1.5 billion by 2011. By October 2012, Netflix had announced
an 88% fall in third quarter profits. By January 2013, Netflix had announced
they’d added another 2 million subscribers in the United States in the fourth
quarter of 2012, with the total up to 29.4 million subscribers worldwide.
By March 2013, Netflix had 33 million subscribers. That
number had then increased to 36.3 million by April 2013. By the end of the
year, Netflix reported 33.1 million subscribers in the United States.
Netflix also produce and distribute their own TV shows which
include House of Cards, Hemlock Grove, Orange is the New Black and Bad
Samaritans.
They also have many series in development including; Marvel's Daredevil, Marvel's Jessica Jones, Marvel's Luke Cage, Marvel's Iron Fist and Marvel's Defenders.
Written by Josh Jermy.
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