Netflix is a company that runs in entertainment industry. Netflix provides service of streaming in which you can enjoy any kinds of TV shows without having to watch any commercials. This company was built by Reed Hastings and Marc Randolph in 1997. At first, this company just specializes in and provides media of streaming and also video on demand online and DVD by mail. But then, Netflix expanded the company into film and TV production and also online distribution.
The headquarter office of Netflix is in Los Gatos, California. But, Netflix also has the other offices in Brazil, Netherlands, Japan, Korea and India. Now, the service of Netflix has operated in more than 190 countries. It got into the industry of content-production in 2013 and debuted the first series namely House Of Cards. It has highly expanded the production of both film and TV series since then. It offers Netflix Original content via its online library of films and TV.
This company released an estimated 126 original series or movies in 2016, more than any other network or cable channel. Until October 2017, this company achieves 109.25 million subscribers worldwide and it includes 52.77 million in the United States. Their efforts to generate new content, secure the rights for additional content and also the diversify up to 190 countries has resulted in the company racking up billions in debt: $21.9 billion until September, 2017, up from $16.8 billion from the similar time the prior year.
In 2010, the stock price of this company increased 219% to $175.70 and then it added 8 million subscribers and bought the total to 20 million. Revenue of this company jumped 29% to $2.16 billion and net income was up 39% to $161 million. This company has had a strong stock history. Its acquisition since its 2002 IPO amount to about 8,000% which means that for each $1,000 you originally invested, you would have $81,000 now. A closer look reveals 4 different periods during which the stock put in its best performance.
In late 2003 and early 2004, this company shares responded positively to the success of the company in dominating the DVD by mail space. At the time, Netflix was a forerunner of mail delivered video content and the fact that it proposed unlimited rentals without late fees distinguished it from competitors such as Blockbuster Video. The acquisition prompted this company to do the first ever stock split in early 2004. Then, the next big run up for Netflix came in 2010 and 2011. By then, the company had turned the focus to video streaming. Early in the video streaming industry, it was a difficult thing for the companies to gain the rights to new TV shows and movies. When Netflix began lining up contracts with great content producers, the writing was on the wall for traditional video retail locations and then Netflix soared from here. You are able to know the stock price history of Netflix in detail in the sites that provide it. But, for your information, the recent closing price for Netflix (NFLX) as of November 24, 2017 is 195.75.