Discuss the innovational journey of Netflix from its inception in 1997 to.
Answers
Answer:
Netflix, Inc. is an American over-the-top content platform 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 a subscription-based streaming service offering online streaming from a library of films and television series, including those produced in-house.[14] As of October 2020, Netflix had over 195 million paid subscriptions worldwide, including 73 million in the United States.[15] It is available worldwide except in the following: mainland China (due to local restrictions), Syria, North Korea, and Crimea (due to US sanctions). It was reported in 2020 that Netflix's operating income is $1.2 billion.[16] The company has offices in France, the United Kingdom, Brazil, the Netherlands, India, Japan, and South Korea.[17] Netflix is a member of the Motion Picture Association (MPA), producing and distributing content from countries all over the globe.
Explanation:
When Reed Hastings and Marc Randolph founded Netflix (formerly known as Kibble) in 1997, the company appeared to be little more than an upstart DVD rental business whose only real value proposition was the mail-order element of its operation. Fast forward two decades and Netflix has become one of the biggest TV and movie studios in the world, with more subscribers than all the cable TV channels in America combined. How did Netflix go from renting movies to making them in just 20 years