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Netflix, Inc. (/ˈnɛtflɪks/) is an American media-services provider and production company 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 service which offers online streaming of a library of films and television programs, including those produced in-house.^[11] 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.^[12] It is available worldwide except in mainland China (due to local restrictions), Syria, North Korea, and Crimea (due to U.S. sanctions). The company also has offices in India, Netherlands, Brazil, Japan, and South Korea.^[13] Netflix is a member of the Motion Picture Association (MPA).

Netflix, Inc.

Screenshot Screenshot of Netflix's English-language website
Type of business	Public
Type of site	OTT platform
Traded as	NASDAQ: NFLX NASDAQ-100 component S&P 100 component S&P 500 component
Founded	August 29, 1997; 22 years ago[1] in Scotts Valley, California
Headquarters	Los Gatos, California, U.S. Production hubs: Albuquerque, New Mexico, U.S.[2] Iver Heath, Buckinghamshire, U.K.[3] New York City, New York, U.S.[4] Tres Cantos, Madrid, Spain[5]
Area served	Worldwide (excluding Mainland China, Syria, North Korea and Crimea)[6]
Founder(s)	Reed Hastings Marc Randolph
Key people	Reed Hastings (Chairman, CEO) Ted Sarandos (CCO) Jessica Neal (CTO) Jackie Lee-Joe (CMO) Greg Peters (CPO)
Industry	Entertainment, mass media
Products	Streaming media   video on demand
Services	Film production   film distribution   television production
Revenue	US$20.156 billion (2019)[7]
Operating income	US$2.604 billion (2019)[7]
Net income	US$1.866 billion (2019)[7]
Total assets	US$33.975 billion (2019)[7]
Total equity	US$7.582 billion (2019)[7]
Employees	6,700 (2019)
Divisions	US Streaming International Streaming Domestic DVD
Subsidiaries	DVD.com Millarworld[8] LT-LA[9] ABQ Studios Netflix Animation Netflix Pte. Ltd. Netflix Services UK Limited Netflix Streaming Services International B.V. Netflix Streaming Services, Inc. Netflix Global, LLC Netflix Services Germany GmbH NetflixCS, Inc. Netflix Luxembourg S.a r.l. Netflix Studios Netflix Entretenimento Brasil LTDA. StoryBots
URL	www.netflix.com
Alexa rank	20 (March 2020)[10]
Registration	Required
Users	169 million (paid) [7]

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.^[11][14] 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,^[15] followed by Latin America and the Caribbean. Netflix entered the content-production industry in 2012, debuting its first series Lilyhammer.