- published: 01 Sep 2016
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Netflix is a global provider of streaming movies and TV series, and now has over 75 million subscribers. Netflix started as an American DVD-by-mail service in 1998, and began streaming in 2007. Netflix expanded with streaming to Canada in 2010 and now serves over 190 countries with streaming. Netflix first big original series was House of Cards, which debuted in 2013, and Netflix now produces hundreds of hours of original programming around the world
The company was established in 1997 and is headquartered in Los Gatos, California.
On February 25, 2007, Netflix delivered its billionth DVD. In April 2011, Netflix had over 23 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% decline in third-quarter profits. In January 2013, Netflix reported that it had added two million U.S. customers during the fourth 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.