Netflix, Inc. is an American entertainment company founded by Reed Hastings and Marc Randolph on August 29, 1997, in Scotts Valley, California.[1] It specializes in and provides streaming media and video-on-demand online and DVD by mail. In 2013 Netflix expanded into film and television production, as well as online distribution. Template:As of the company has its headquarters in Los Gatos, California
Netflix's initial business model included DVD sales and rental, although Hastings jettisoned DVD sales about a year after Netflix's founding to focus on the DVD rental by mail business.[1][2] In 2007, Netflix expanded its business with the introduction of streaming media, while retaining the DVD and Blu-ray rental service. The company expanded internationally, with streaming made available to Canada in 2010[3] and continued growing its streaming service from there; by January 2016, Netflix services operated in over 190 countries.[4]
Netflix entered the content-production industry in 2013, debuting its first series, House of Cards. It has greatly expanded the production of both film and television series since then, offering "Netflix Original" content through its online library of films and television.[5] Netflix released an estimated 126 original series or films in 2016, more than any other network or cable channel.[6]
Netflix is available since 8 January 2016.
In January 2017, Netflix reported having over 93 million subscribers worldwide, including more than 49 million in the United States.[7]
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