Netflix has gone through a whirlwind of changes since it began in 1997 as a DVD-by-mail service. The company transformed the way we watch TV. It’s a great success story about a small DVD rental company that develop into a global leader disrupting the big networks worldwide.
Netflix was founded in Scotts Valley, California in 1997 by Marc Randolph and Reed Hasting. They’ve started with 30 employees and 925 movies available for rent. In September 1999 Netflix introduced a new rental model that changed the way we live in the online era – monthly subscription. It worked so well that in early 2000 Netflix was offering unlimited rentals without any due dates and extra fees.
In 2007 the founders decided that the world will move into the digital era and in 2008 they’ve launched their first online streaming series.
In 2010 Netflix launched the service in Canada and South America. In 2012 in UK, Ireland and Scandinavia. At that time geeks from all over the world were already watching Netflix using VPN services. Only since 2017 Netflix it has been officially launched to most of the countries globally (besides China, North Korea, Syria and Crimea). Despite the worldwide availability, the local Netflix library differentiates between the countries, a fact the might disappoint many users. The most content “rich” libraries are still the US and UK one. Routing your connection via a US/UK IP address is easily solving this nuisance. Netflix noticed this loop hole, and since then keep blacklisting VPN services IP addresses. According to bestonlinereviews.com, Despite Netflix tremendous efforts, there are still many VPN services that are able to dodge the blacklist like ExpressVPN & NordVPN.
In 2009, the year before it expanded to its first international market, Netflix earned $5.2 million. Seven years later, in 2016, it earned $4.8 billion. That’s over 96x growth in just eight years. But Netflix hasn’t just changed the way we consume television: it’s changed the way it is made. Netflix’s first foray into producing its own shows has been House of Cards where all the episodes of each series were available to stream on the day of its launch.
Netflix is one of those brilliantly simple business ideas that the competition only realizes the full potential of when it’s way too late. And this is why we love it.