Netflix | Wikipedia audio article
Channel: wikipedia tts
Date: 2018-12-20

This is an audio version of the Wikipedia Article:
https://en.wikipedia.org/wiki/Netflix


00:02:16 1 History
00:02:25 1.1 Establishment
00:04:41 1.2 Membership fee, Blockbuster acquisition offer, growth start
00:06:57 1.3 Video on demand introduction, declining DVD sales, global expansion
00:10:34 1.4 Early Netflix Original content
00:11:13 1.5 Entertainment dominance and presence and continued growth
00:15:38 1.6 Rebranding and wider international expansion
00:20:58 2 Ownership
00:21:17 3 Finance
00:21:59 4 Services
00:24:59 4.1 History
00:26:51 4.2 Disc rental
00:28:33 4.2.1 Qwikster
00:30:27 4.3 Profiles
00:31:43 4.3.1 Reintroduction
00:33:54 4.4 Subsidiaries
00:35:23 5 Products
00:37:30 6 Content
00:37:39 6.1 Netflix Originals
00:43:24 6.2 Film and television deals
00:50:01 6.2.1 Producers and distributors
00:50:56 6.3 Video games
00:51:55 7 Device support
00:53:03 8 Sales and marketing
00:54:25 9 International expansion
00:55:11 10 Competitors
00:59:25 11 Awards
01:03:42 12 Finance and revenue
01:03:52 12.1 2010
01:04:22 12.2 2011
01:05:58 12.3 2014
01:07:01 12.4 2016
01:07:32 13 Legal issues and controversies
01:09:09 14 Effects and legacy
01:12:19 15 See also



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SUMMARY
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Netflix, Inc. is an American media-services provider headquartered in Los Gatos, California, founded in 1997 by Reed Hastings and Marc Randolph in Scotts Valley, California. The company's primary business is its subscription-based streaming OTT service which offers online streaming of a library of films and television programs, including those produced in-house. As of October 2018, Netflix has 137 million total subscribers worldwide, including 58.46 million in the United States. It is available worldwide except in mainland China, Syria, North Korea, and Crimea. The company also has offices in the Netherlands, Brazil, India, Japan, and South Korea.Netflix's initial business model included DVD sales and rental by mail, but Hastings jettisoned the sales about a year after the company's founding to focus on the DVD rental business. Netflix expanded its business in 2007 with the introduction of streaming media while retaining the DVD and Blu-ray rental service. The company expanded internationally in 2010 with streaming available in Canada, followed by Latin America and the Caribbean. Netflix entered the content-production industry in 2012, debuting its first series Lilyhammer.
Netflix has greatly expanded the production and distribution of both film and television series since 2012, and offers a variety of "Netflix Original" content through its online library. By January 2016, Netflix services operated in more than 190 countries. Netflix released an estimated 126 original series and films in 2016, more than any other network or cable channel.  Their efforts to produce new content, secure the rights for additional content, and diversity through 190 countries have resulted in the company racking up billions in debt: $21.9 billion as of September 2017, up from $16.8 billion from the previous year. $6.5 billion of this is long-term debt, while the remaining is in long-term obligations. In October 2018, Netflix announced it would raise another $2B in debt to help fund new content.