Netflix Family, Real Name, Spouse, Profession, Eye Color, body stats, Feet Size, Wiki

Netflix Family, Real Name, Spouse, Profession, Eye Color, body stats, Feet Size, Wiki

Netflix, Inc. is an American technology and media services provider

and production company headquartered in Los Gatos, California. Netflix

was founded in 1997 by Reed Hastings and Marc Randolph in Scotts

Valley, California. The company's primary business is its

subscription-based streaming service which offers online streaming of

a library of films and television series, including those produced

in-house. As of April 2020, Netflix had over 193 million paid

subscriptions worldwide, including 73 million in the United States. It

is available worldwide except in the following: mainland China (due to

local restrictions), Syria, North Korea, and Crimea (due to U.S.

sanctions). The company also has offices in France, the United

Kingdom, Brazil, the Netherlands, India, Japan, and South Korea.

Netflix is a member of the Motion Picture Association (MPA). Today,

the company produces and distributes content from countries all over

the globe.Netflix's initial business model included DVD sales and

rental by mail, but Hastings abandoned the sales about a year after

the company's founding to focus on the initial DVD rental business.

Netflix expanded its business in 2007 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 2013, debuting its first

series House of Cards.Since 2012, Netflix has taken more of an active

role as producer and distributor for both film and television series,

and to that end, it offers a variety of "Netflix Original" content

through its online library. By January 2016, Netflix services operated

in more than 190 countries. Netflix released an estimated 126 original

series and films in 2016, more than any other network or cable

channel. Their efforts to produce new content, secure the rights for

additional content, and diversify through 190 countries have resulted

in the company racking up billions in debt: $21.9 billion as of

September 2017, up from $16.8 billion from the previous year. $6.5

billion of this is long-term debt, while the remaining is in long-term

obligations. In October 2018, Netflix announced it would raise another

$2 billion in debt to help fund new content. On July 10, 2020, Netflix

became the largest entertainment/media company by market

capitalization.
Netflix Family, Real Name, Spouse, Profession, Eye Color, body stats, Feet Size, Wiki


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