Netflix is an American company which provides media services. It was founded by Reed Hastings and Mare Randolph in Scotts Valley, California in 1997. Netflix has its headquarters located in Los Gatos, California. The production company first started by providing DVD renting services and gradually started producing its own web content. This US company’s revenue hit 20.15 US billion dollars in 2019.
Netflix provides video Services that offers video, movies, television series, dramas available at a viewers convenience. Netflix provides various facilities and preferable content to its users. Netflix has made it easy for all it’s subscribers to watch any video content anywhere and also a tough competitor to other platforms such as Amazon prime.
After the pandemic hit, Netflix saw a drastic growth in it’s business. It gained a lot of paid subscribers all over the globe. As covid-19 Locked us up in our homes, Netflix grabbed the opportunity to widen it’s services by releasing entertainment content for its users. This media services provider even joined hands with several companies worldwide to provide relatable content to its subscribers in the particular geographical areas.
Netflix currently stands at $486.77per share (NASDAQ:NFLX) . It has millions of users worldwide because of it’s services provided to countries all over the globe.
Though Netflix is available worldwide, there are few exceptions. Countries like China, Syria, North Korea, and Crimea do not provide Netflix facilities.
Netflix generates annual revenue of $15.8 billion.The covid pandemic has helped the Vod( Video on demand) platforms to gain large profits.
Now Netflix is available in 190 countries worldwide with 139 million subscribers.
Netflix has become one of the most used online web entertainment/ mass media applic