Netflix: How a $40 Late Fee Revolutionized Television


Netflix is an American entertainment company founded on August 29, 1997, in Scotts Valley, California, by Reed Hastings and Marc Randolph. In 1998, about a year after Netflix's founding, the company grew by starting in the DVD by mail business. In 2007, Netflix expanded its business with the introduction of streaming media, while retaining the DVD and Blu-ray rental service. Netflix entered the content-production industry in 2013, debuting its first series, House of Cards. It has greatly expanded the production of both film and television series since then, offering "Netflix Original" content through its online library of films and television. Netflix released an estimated 126 original series or films in 2016, more than any other network or cable channel. In January 2017, Netflix reported having over 93 million subscribers worldwide, including more than 49 million in the United States. ⭑ Subscribe to Business Casual → http://gobc.tv/sub ⭑ Enjoyed the vid? Hit the like button! 📚 If you enjoyed this video about Netflix and want to learn even more, we recommend you read the book "That Will Never Work: The Birth of Netflix and the Amazing Life of an Idea" by Randolph, Marc👉 https://amzn.to/3eqbxmL (note: as an Amazon Associate, we earn from qualifying purchases). Your support makes our content possible! ❤️ Follow us on: ► Twitter → http://gobc.tv/twtr ► Instagram → https://gobc.tv/ig ► Facebook → http://gobc.tv/fb ► LinkedIn → https://gobc.tv/linkedin ► Reddit → https://gobc.tv/reddit ► Medium → https://gobc.tv/medium ⬇️ Exclusive Sponsor Offers (Only For BC Fans) ⬇️ ✪ Sign-up for Acorns! 👉 https://gobc.tv/acorns ✪ Skillshare (get 2 months free) 👉http://gobc.tv/skillshare ✪ Try DollarShaveClub (just $5!) 👉http://dollarshaveclub.com/bc ✪ Try Blinkist free for 7 days! 👉https://gobc.tv/readblinkist #Netflix #History #ReedHastings
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