Setting a record of 57.4 million unique subscribers online and the biggest players in Latin America, Netflix is a provider of on-demand Internet streaming media, now operational is more than 40 countries worldwide. The company was established in 1997, a year earlier to when Google was founded, and is headquartered in Los Gatos, California. It started its subscription services in 1999 and by 2009, Netflix was offering a collection of 1, 00,000 titles on DVD and had surpassed 10 million subscribers.
Find out many more such interesting facts about Netflix below:
- One of the most hard to believe facts about Netflix is that it outranks cable TV in the U.S. when it comes to ratings, with approximately 33 million subscribers.
- Ofcourse, the million dollar idea came to Reed Hastings, the CEO, in 1997 when the Blockbuster charged him a late fee of $40 for a VHS copy of Apollo 13.
- Netflix was called Kibble.com in its initial stages while it was being incorporated. They really had a tough time deciding a name for the company and considered names like Directpix.com, Replay.com and even Luna.com.
- Netflix is the first original online programming service to have won Golden Globe. House of Cards’ Robin Wright won Best Actress in a drama television for her performance and in addition Netflix received two other Golden Globes for “Orange is the New Black” and “Arrested Development”.
- Netflix was also nominated for an Oscar in 2013 for its Egyptian-American documentary called “The Square”. It was directed by Jehane Noujaim and was nominated for Best Documentary Feature at the 86th Academy Awards.
- Now Netflix has its own awards called “The Flixies”, where users are invited to vote for their favorite shows under categories like Best Tantrum Tamer, Best Marathon TV Show, Best Bromance, or Best Commute Shortener.
- Blockbuster had many offers to buy Netflix, starting quotes from for $50 million, but each time they turned it down. Now, Netflix is worth at $20 billion.
- Netflix held a million-dollar contest in 2006, which asked for entries to come up with the best DVD Recommendations algorithm. The most difficult movie for the algorithm to recommend was “Napoleon Dynamite”.
- Interestingly, Netflix instant streaming is the single largest contributor to U.S. internet traffic, meaning 1/3 of the total internet hours spent is solely on Netflix. As per statistics, an average subscriber streams around 90 minutes a day on Netflix.
- Its test movie, which was shot to test the standard film frame rates, is still up on the site. Just search for “Example Show” and watch some wacky footage.
- Netflix’s most watched show till date is “Breaking Bad”, which created a history when thousands of people started watching the entire series from the beginning just before the season’s finale.
- Netflix, as a business move, usually monitors Bittorent and other various pirating sites to see what’s trending before purchasing any series.
- Netflix envelopes are never square, wonder why? Well they are always rectangular to save some dollars. USPS charges more money for square envelopes and the differentiation, as said, is huge. They saved approximately $225 million in 2011 by skipping square envelopes. Smart move.
- Netflix also offers world’s most wanted job where you get paid for to stay at home, watch their content and tag it with words from a pool of 1,000 keywords. The process is called Netflix Quantum Theory and is used to improve the service’s video recommendations.
- Netflix offers over 76,000 categories, including “Cool Moustaches”, “Imaginative Time Travel Movies from the 1980s”, “Mind-bending Romantic Foreign Movies” and interesting sections like April Fool’s Day “Movies That Are English But Still Require Subtitles”.