The 29th Day of August

Netflix is launched as an internet DVD rental service 1997

Netflix, Inc. is an American technology and media services provider and production company headquartered in Los Gatos, California. Netflix was founded in 1997 by Reed Hastings and Marc Randolph in Scotts Valley, California and launched on the 29th August, 1997.

The company’s primary business is its subscription based streaming service which offers online streaming of a library of films and television series, including those produced in house.

Netflix is launched as an internet DVD rental service 1997

Netflix can be accessed via an internet browser on PCs, while Netflix apps are available on various platforms, including Blue ray Disc players, tablet computers, mobile phones, smart TVs, digital media players, and video game consoles including Xbox One, PlayStation 4, Wii U, Xbox 360, and the PlayStation 3.

For the fiscal year 2018, Netflix reported earnings of US$1.21 billion, with annual revenue of US$15.8 billion, an increase of approximately 116% over the previous fiscal cycle. In 2020, during the COVID-19 pandemic Netflix reported revenue for the quarter ending March 31, 2020 of $5.768B.

Extra Note: It is available worldwide except in the following: mainland China, Syria, North Korea, and Crimea.

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