Netflix is a US-headquartered digital film and TV platform available via subscription.

In addition to licensing television shows and movies, Netflix also creates its own programming – Netflix Originals – with examples including House Of Cards, The Crown, and 13 Reasons Why.

Netflix was co-founded by Reed Hastings and Mark Randolph in August 1997 as a DVD mail order rental company.

In September 1999, Netflix launched a monthly subscription model for DVD rental. And in early 2007, it began to offer online digital streaming visual content to audiences.

Finances and reach

In January 2021, via a letter to shareholders, Netflix confirmed that at the close of December 2020, it counted 203.66 million paying subscribers worldwide.

That was up on 167.09 million in the prior year period.

Netflix’s annual revenue in the 12 months to end of 2020 hit $25 billion (+24% year over year).

Its annual operating profit grew 76% year-on-year to $4.6 billion.Music Business Worldwide

Netflix In The News

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