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Birth of Marc Randolph
April, 29, 1958 was the day Marc Randolph, one of Netflixes founders was born. Marc founded one of the largest online movie rental companies ever in 1997 and kept growing it until it become a huge success. "Marc Randolph." - Founder @ Looker. N.p., n.d. Web. 02 Dec. 2015. .11 -
Birth of Reed Hastings
October 8, 1960, The co-founder of Netflix Reed Hastings is born. He was born in Boston and attended Stanford University. He serves on the boards of Facebook and a few other non-profit organizations. "Google." Google. N.p., n.d. Web. 07 Dec. 2015. https://www.google.com/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=reed%20hastings. -
Netflix is Founded
Sometime during the year 1997, Netflix is founded by Reed Hastings and Marc Randolph. Netflix was orignally designed to be movie rentals only. Soon after they switched to movie streaming because it was far more popular and convienent. https://pr.netflix.com/WebClient/loginPageSalesNetWorksAction.do?contentGroupId=10477 -
Netflix offers a subscription service
On the year 1999 netflix began to offer a subscription service which allowed users to watch unlimited movies for one monthly subscription.
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Netflix offers new reccomended movies
Netflix begins showing you reccomended movies that are personalized by what you have watched previously. This made users able to find more content that they would enjoy.
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Netflix Makes it's IPO
Netflix initiated an initial public offering (IPO) on May 29, 2002, selling 5.5 million shares of stock at the price of $15.00 per share. On June 14, 2002, the company sold an additional 825,000 shares of stock at the same price.
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Netflix introduces streaming
Netflix introduces streaming which allows users to watch their favorite television shows instantly at any time on their computers.
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Netflix becomes availible in other countries
Netflix became available in Europe including the United Kingdom, Ireland and in the Nordic Countries. Netflix also won its first Primetime Emmy Engineering Award.
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Netflix expands to the Netherlands
Netflix becomes availible to the Netherlands. Netflix wins 31 primetime Emmy nominations. One of the Netflix's original shows, House of Cards won three Primetime Emmy Awards. Netflix was the first internet TV service nominated for the primetime Emmy.
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Netflix's Profits
Netflix makes about 5.5 billion dollars a year. This means that they make about 458 million dollars a month. They recently increased the price by 1 dollar, which increased proftis by millions. "How Much Revenue Does Netflix Make a Month Compared to HBO?Frequently Asked in." How Much Revenue Does Netflix Make a Month Compared to HBO? N.p., n.d. Web. 02 Dec. 2015. .
