-
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. -
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/ -
"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. -
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. -
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 -
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.