Netflix | Wikipedia audio article
Channel: wikipedia tts
Date: 2019-06-22

This is an audio version of the Wikipedia Article:
https://en.wikipedia.org/wiki/Netflix


00:03:41 1 History
00:03:51 1.1 Establishment
00:07:08 1.2 Membership fee, Blockbuster acquisition offer, growth start
00:10:24 1.3 Video on demand introduction, declining DVD sales, global expansion
00:15:42 1.4 Early Netflix Original content
00:16:36 1.5 Entertainment dominance, presence, and continued growth
00:23:02 1.6 Rebranding and wider international expansion
00:31:33 2 Ownership
00:31:57 3 Finance
00:33:01 4 Services
00:37:50 4.1 History
00:40:35 4.2 Disc rental
00:43:04 4.2.1 Qwikster
00:45:47 4.3 Profiles
00:47:38 4.3.1 Reintroduction
00:50:47 4.4 Subsidiaries
00:52:55 5 Products
00:55:55 6 Content
00:56:05 6.1 Original programming
01:04:51 6.2 Film and television deals
01:14:43 6.2.1 Producers and distributors
01:14:58 6.3 Video games
01:16:23 7 Device support
01:18:43 8 Sales and marketing
01:21:01 9 International expansion
01:22:47 9.1 Worldwide users
01:22:57 10 Competitors
01:29:25 11 Criticism
01:29:35 11.1 Viewership claims
01:31:26 12 Incidents
01:31:52 13 Awards
01:39:05 14 Finance and revenue
01:39:16 14.1 2010
01:39:56 14.2 2011
01:42:13 14.3 2014
01:43:43 14.4 2016
01:44:23 15 Legal issues and controversies
01:47:21 16 Effects and legacy
01:51:58 17 See also



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SUMMARY
=======
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 April 2019, Netflix had over 148 million paid subscriptions worldwide, including 60 million in the United States, and over 154 million subscriptions total including free trials. It is available almost worldwide except in mainland China (due to local restrictions) as well as Syria, North Korea, and Crimea (due to US sanctions). The company also has offices in the Netherlands, Brazil, India, Japan, and South Korea. Netflix is a member of the Motion Picture Association of America (MPAA).
Netflix's initial business model included DVD sales and rental by mail, but Hastings abandoned the sales about a year after the company's founding to focus on the initial DVD rental business. Netflix expanded its business in 2010 with the introduction of streaming media while retaining the DVD and Blu-ray rental business. 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.
Since 2012, Netflix has taken more of an active role as producer and distributor for both film and television series, and to that end, it 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 $2 billion in debt to help fund new content.