Are you a Netflix enthusiast? Do you love to watch all the latest shows and movies? If so, you might be surprised by some of the lesser-known facts about the streaming service. Here are the top 10 Netflix facts that you probably didn’t know. From its humble beginnings as a DVD rental service to its current status as one of the most popular streaming services, Netflix has come a long way. In this blog post, we will explore the most interesting facts about Netflix that you probably never knew!
1) Netflix originally started out as a way to change how movies were rented and customized
It was founded in 1997 by Reed Hastings and Marc Randolph. Their goal was to create a more convenient rental experience for consumers, allowing them to rent movies from home without having to return them to the store. The idea quickly gained traction and Netflix soon became a leading online movie rental service.
2) Reed Hastings, the CEO of Netflix, came up with the idea for the company after being charged $40 for a late movie rental
In 1997, Reed Hastings was charged an excessive fee of $40 for a movie he had rented and then returned late. This incident sparked an idea in Hastings’ mind, leading him to create Netflix in 1998 – a revolutionary new way of renting movies without the hefty late fees.
3) In 2007, Netflix introduced a streaming service which allowed instant streaming of television shows and movies on personal computers
Netflix revolutionized how we watch TV and movies with the introduction of its streaming service in 2007. It allowed users to instantly stream content directly to their computers and other devices. This opened up a world of possibilities, allowing people to watch shows and movies anytime and anywhere.
4) In 2010, they became available on devices like Xbox, Playstation, Apple products, and smart TVs
Netflix was made available on these devices, revolutionizing the way people watched movies and shows. With this new level of convenience, customers started watching even more of their favorite content from the comfort of their own homes. This wasn’t all Netflix did to make streaming more accessible though; they also developed their own streaming-specific user interface to make navigating easier for their customers. This user interface is constantly being updated with new features and design tweaks to ensure that customers have an easy time finding what they want to watch.
5) In 2013, they produced their own series (House of Cards) and released all episodes at once so that viewers could binge watch the entire series
This was a revolutionary move for the entertainment industry, and it allowed viewers to watch the entire series at their own pace. Netflix has since produced several other original series in the same way, allowing fans to watch them all without waiting for new episodes each week. They have become the largest streaming platform in the world, with over 193 million subscribers in more than 190 countries.
6) As of 2016, Netflix is available in 190 countries
From the United States to India, Netflix is a global streaming service. With millions of subscribers in 190 countries, Netflix offers a wide variety of movies and television shows for everyone. As of 2016, it was the world’s largest video-on-demand service, with over 81 million subscribers. It’s certainly come a long way since its launch in 1997!
7) Netflix spends about $6 billion on content every year
Netflix is committed to producing high-quality content and invests a significant amount of money each year to do so. In 2016, they invested around $6 billion in content production and plan to invest even more in 2017. This investment allows Netflix to stay ahead of the competition and provide their customers with the best streaming experience possible.
8) They have over 86 million subscribers
Netflix has an impressive 86 million subscribers around the world. This number continues to grow as more people become aware of their streaming service and the variety of content available. With such a large user base, Netflix is continuing to expand its offering to meet the needs of its viewers. They produce their own original content, acquire the rights to stream other movies and TV shows, and have even released a few of their own feature films.
9) The average person spends two hours per day on Netflix
This is quite a substantial amount of time spent on the streaming service. Netflix offers a variety of content that keeps people coming back for more. From original series to classic movies, there is something for everyone. With its convenience and wide range of options, it’s no wonder why so many people are spending so much time on Netflix.
10) The company plans to release 1,000 hours of original content in 2017
Netflix is upping its content production game in 2017 by releasing 1,000 hours of original content. This includes films, television series, stand-up specials, documentaries and more. The move is set to solidify Netflix’s place as one of the biggest names in streaming entertainment. To keep up with the influx of new content, Netflix is planning to spend an estimated six billion dollars on new projects in 2017.