Netflix

Netflix, Inc. is an American provider of on-demand Internet streaming media available to viewers in North and South America, the Caribbean, and parts of Europe (Denmark, Finland, Ireland, the Netherlands, Norway, Sweden, and the United Kingdom), and of flat rate DVD-by-mail in the United States, where mailed DVDs are sent via Permit Reply Mail. The company was established in 1997 and is headquartered in Los Gatos, California. It started its subscription-based digital distribution service in 1999, and by 2009 it was offering a collection of 100,000 titles on DVD and had surpassed 10 million subscribers. It is considered one of the most successful startup companies of all time by market capitalization, revenue, growth, and cultural impact.

On February 25, 2007, Netflix announced its billionth DVD delivery. In April 2011, Netflix announced 23.6 million subscribers in the United States and over 26 million worldwide. By 2011, the total digital revenue for Netflix reached at least $1.5 billion. On October 23, 2012, however, Netflix reported an 88% fall in third-quarter profits. In January 2013, Netflix reported they had added 2 million U.S. customers during the 4th quarter of 2012 with a total of 27.1 million U.S. streaming customers, and 29.4 million total streaming customers. In addition, revenue was up 8% to $945 million for the same period.

As of mid-March 2013, Netflix had 33 million subscribers. That number increased to 36.3 million subscribers (29.2 million in U.S.) in April 2013. As of September 2013, Netflix Q3 2013, Netflix reported global streaming subscribers at 40.4 million (31.2 million in U.S.). By Q4 2013, Netflix reported 33.1 million U.S. subscribers.

On January 16, 2014, the nomination of The Square (2013) for an Academy Award became the first ever nomination for a Netflix Original production.