History of Netflix

Netflix, founded by Reed Hastings and Marc Randolph in 1997, began as a DVD rental service, leveraging the burgeoning internet to offer a more convenient alternative to traditional video rental stores. The company initially operated on a pay-per-rental model but soon shifted to a subscription-based model, allowing customers unlimited rentals for a flat monthly fee. This pivot proved successful, driving rapid growth and setting the stage for Netflix's transformative influence on the entertainment industry.

In 2007, Netflix launched its streaming service, fundamentally altering how viewers consumed media. By providing instant access to a vast library of films and TV shows, Netflix capitalized on the increasing availability of high-speed internet. The company continued to innovate by investing in original content, beginning with the critically acclaimed series 'House of Cards' in 2013. This move not only distinguished Netflix from competitors but also established it as a major player in content production. Today, Netflix is a global entertainment giant, with a presence in over 190 countries and a diverse array of original programming that caters to a wide range of tastes and preferences.