Wednesday, April 10, 2019

Some little known facts about NETFLIX!

  • Netflix CEO Reed Hastings owns 10.8 million shares or 2.49% of the company. That puts his Netflix net worth (on paper) just a tad over $4 billion at today's market price of ~$405/share (June 2018).
  • The company leases approximately 1 million square feet for offices in Los Gatos, Los Angeles and Fremont, California and for DVD operations scattered across the US.
  • As of December 31, 2017, Netflix had approximately 5,500 total employees. Of these employees, approximately 5,400 were full-time, including approximately 600 categorized as temporary.
  • If you invested $10,000 into the company during in the first quarter of 2016, it would now be worth $46,000 two years later (June 2018).
  • In 1998, Netflix's revenue was $1.3 million. In 2017, it was $11.7 billion, an increase of 873,142%
  • International subscriptions grew by 40% to 57.8 million subscribers in 2017. The year before that, it grew by 50%. That’s pretty impressive, considering we’re talking tens of millions of ‘new’ customers per year.
  • International subscriptions have now taken over domestic streaming subscribers in 2017.
  • Netflix DVD envelopes are shaped like a rectangle because it would cost more to mail a square-shaped envelope. Other than that, the rectangle shaped mailer makes no sense, considering what is inside.
  • You’ll never see a physical mailing address on a DVD mailer. They do not want customers knowing the physical locations of their distribution centers, as this would almost be an invitation for people to drive down to drop off and attempt to pick up DVDs. I’ve read employees are ‘sworn to secrecy’.
  • Before deciding on the name Netflix as the company name, the other names that were kicked around included Replay, Directpix, Luna and Kibble.
  • It takes the average Netflix user about two minutes to decide what they want to watch.
  • Subscribers watch two hours of content per day, on average.
  • Netflix is older than Google by a year. The two companies were born in 1997 and 1998, respectively.
  • Netflix has now expanded their streaming services into every country on the planet, except for China and a few smaller countries (where no American companies are allowed to operate).
  • If you’re frustrated you don’t see a title you’ve been dying to see, not many people know this but Netflix accepts movie or TV show requests. No guarantees of course, but allowing you to have a voice in the matter is a lot better than them saying, “You’re at my mercy.”
  • Netflix once held an open competition for the best collaborative filtering algorithm to predict ratings for films. The prize was a million dollars.
  • Blockbuster could have bought Netflix back in 2000 for $50 million. They didn’t. Today, Blockbuster is out of business and Netflix’s market capitalization is more than $150 billion. Shoulda, woulda, coulda…

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