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Netflix launches as a DVD-by-mail service
Netflix began as a DVD-by-mail service in 1998, providing customers with a convenient and affordable way to rent and watch movies at home. This model disrupted the traditional video rental industry and paved the way for the company's future success. -
Netflix introduces streaming
In 2007, Netflix introduced streaming, allowing subscribers to instantly watch TV shows and movies on their computers. This marked a significant shift for the company, and streaming would eventually become the primary way that people consume content on the platform. Reference:
H. Jain (Dec 12, 2022). The History of Netflix- Founding, Model, Timeline, Milestones (2023 Updated). Retrieved from : https://www.vdocipher.com/blog/2017/06/netflix-revolution-part-1-history/ -
Netflix releases its first original series, "House of Cards"
"House of Cards" was the first original series produced by Netflix, marking the company's entry into the world of content creation. The show was a critical and commercial success and helped to establish Netflix as a major player in the industry. -
Netflix expands globally
In 2016, Netflix expanded its service to 130 new countries, becoming a truly global platform. This move significantly increased the company's potential audience and helped to further solidify its position as a major force in the entertainment industry. -
Netflix surpasses 100 million subscribers
In 2017, Netflix announced that it had surpassed 100 million subscribers worldwide, solidifying its position as the world's leading streaming platform. This milestone marked a significant achievement for the company and underscored the growing importance of streaming in the entertainment industry. Ref:
L. Thomas (Apr 24, 2017). Netflix hits 100 million subscriber milestone. Ret. from: www.cnbc.com/2017/04/24/netflix-shares-rise-after-video-streamer-hits-100-million-subscriber-milestone.html -
Netflix wins its first Best Picture Oscar
In 2021, Netflix won its first Best Picture Oscar for "The Trial of the Chicago 7," a major milestone for the company and for the streaming industry as a whole. This win highlighted the growing influence of streaming services in the film industry and demonstrated that streaming platforms can produce high-quality, award-winning content.