Interesting info about Netflix

ca-pub-8661721898834303 This article is about the media service. For other uses, see Netflix (disambiguation). Netflix, Inc. (/nɛtflɪks/) is an American media-services provider and production 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 its subscription-based streaming service which offers online streaming of a library of films and television programs, including those produced in-house.[9] As of April 2019, Netflix had over 148 million paid subscriptions worldwide, including 60 million in the United States, and over 154 million subscriptions total including free trials.[8] It is available almost worldwide except in mainland China (due to local restrictions) as well as Syria, North Korea, Iran, and Crimea (due to US sanctions). The company also has offices in the Netherlands, Brazil, India, Japan, and South Korea.[10] Netflix is a member of the Motion Picture Association of America (MPAA). Netflix, Inc. Netflix 2015 logo.svg Screenshot Netflix - English.jpg Screenshot of Netflix English website Type of business Public Type of site OTT platform Traded as NASDAQ: NFLX NASDAQ-100 component S&P 100 component S&P 500 component Founded August 29, 1997; 21 years ago[1] in Scotts Valley, California Headquarters Los Gatos, California, U.S. Area served Worldwide, except for Mainland China, Syria, North Korea and Crimea[2] Founder(s) Reed Hastings Marc Randolph Key people Reed Hastings (Chairman, CEO) Ted Sarandos (CCO) Industry Entertainment, mass media Products Streaming media video on demand Services Film production film distribution television production Revenue IncreaseUS$15.794 billion (2018)[3] Operating income IncreaseUS$1.605 billion (2018)[3] Net income IncreaseUS$1.211 billion (2018)[3] Total assets IncreaseUS$25.974 billion (2018)[3] Total equity IncreaseUS$5.289 billion (2018)[3] Employees Increase 5,400 (2017)[4] Divisions US Streaming International Streaming Domestic DVD[5] Subsidiaries DVD.com Millarworld[4] LT-LA[6] ABQ Studios Netflix Animation Netflix Pte. Ltd. Netflix Services UK Limited Netflix Streaming Services International B.V. Netflix Streaming Services, Inc. Netflix Global, LLC Netflix Services Germany GmbH NetflixCS, Inc. Netflix Luxembourg S.a r.l. Netflix Studios Netflix Entretenimento Brasil LTDA. StoryBots Website www.netflix.com Alexa rank Increase 24 (April 2019)[7] Registration Required Users 154 million worldwide (total), 148 million (paid)[8] 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.[9][11] 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,[12] followed by Latin America and the Caribbean. Netflix entered the content-production industry in 2012, debuting its first series Lilyhammer. 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.[13] By January 2016, Netflix services operated in more than 190 countries.[14] Netflix released an estimated 126 original series and films in 2016, more than any other network or cable channel.[15] Their efforts to produce new content, secure the rights for additional content, and diversity 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.[16] $6.5 billion of this is long-term debt, while the remaining is in long-term obligations.[17] In October 2018, Netflix announced it would raise another $2 billion in debt to help fund new content.[18]