Netflix, Inc. (/Nɛtflɪks/) is an American media production and services company headquartered in Los Gatos, California, founded in 1997 by Reed Hastings and Marc Randolph in Scotts Valley, California. The company’s primary business is a subscription-based streaming service that offers streaming of a library of movies and TV shows, including those produced in-house. As of April 2019, Netflix had over 148 million paid subscriptions worldwide, including 60 million in the United States, and a total of over 154 million subscriptions including free trials. It is available worldwide except in mainland China (due to local restrictions), Syria, North Korea and Crimea (due to US sanctions). The company also has offices in the Netherlands, Brazil, India, Japan and Korea. Netflix is a member of the Motion Picture Association (MPA).
Netflix’s original business model included selling and renting DVDs by mail, but Hastings abandoned sales about a year after founding the company to focus on the original DVD rental business. Netflix expanded its business in 2010 with the introduction of streaming media while retaining the DVD and Blu-ray rental business. The company expanded internationally in 2010 with streaming available in Canada, followed by Latin America and the Caribbean. Netflix entered the content production industry in 2012, launching its first series Lilyhammer.
Since 2012, Netflix has taken a more active role as producer and distributor for both TV series and TV series, and as such, Netflix offers a wide variety of “Netflix Original” content through your online library. As of January 2016, the Netflix service was active in more than 190 countries. Netflix released an estimated 126 original series and movies in 2016, more than any other cable or network channel. Their efforts to produce new content, secure rights to additional content, and diversify through 190 countries have left the company billions of dollars in debt: $21.9 billion as of September 2018. 2017, up from $16.8 billion over the previous year. $6.5 billion of this is long-term debt, while the rest is long-term obligations. In October 2018, Netflix announced it would raise an additional $2 billion in debt to help fund new content.
Looking for the most talked about TV shows and movies around the world? All are on Netflix.
We have award-winning series, films, documentaries and specials. And with the mobile app, you have Netflix while traveling, commuting, or just resting.
What you’ll love about Netflix:
- We add TV shows and movies all the time. Browse through new titles or search for your favorite video and stream it right on your device.
- The more you watch, the better Netflix recommends your favorite TV shows and movies.
- Create up to five profiles for one account. Profiles give different members of your family their own personalized Netflix.
- Enjoy a safe viewing experience just for kids with family-friendly entertainment.
- Preview quick videos of our series and movies, and get notifications about new episodes and releases.
- Save your data. Download movies to your mobile device and watch them offline, wherever you are.
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