When did Netflix come into existence? The origins of the service

Pay a fixed monthly price and you automatically have access to Netflix's entire lineup. With the streaming giant, you can watch countless titles at any time. If you don't want the subscription, it can be canceled monthly via the website. But since when has this modern form of television actually existed?

When did the streaming service Netflix come into being?

The US-based company was initially an online video store. As a subscriber, you could select DVDs and Blu-rays and then get them sent to you. The company, which was still small at the beginning, has since grown to 139 million users worldwide and has a total of 7,100 employees.

1. Marc Randolph and Reed Hastings founded Netflix back on August 29, 1997 in Los Gatos, California.
2. The start-up capital of the two amounted to 2.5 million dollars.
3. In the beginning, there were 20 employees. In addition, you had a choice of 925 films.
4. If you returned a DVD too late, you did not have to pay a fee, as was the case with other video stores.
5. Two years after the founding, Randolph and Hastings introduced a flat rate model.
6. In 2000, subscribers were already recommended films, which were determined based on previous rental behavior.
7. Only seven years later, in 2007, the two entered the video-on-demand business with your company. Ab diesem Zeitpunkt waren alle Inhalte als Stream erhältlich.
8. Mittlerweile produziert Netflix auch eigene Filme und Serien.