Netflix 101

Meridian, Idaho

I spent some time yesterday catching up on computer stuff. Now that I have DSL, that’s actually FUN! Yep, I’m a computer geek…

And what made that time even MORE FUN was the ability to watch something on Netflix while I’m working on the computer.

I love Netflix.

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It’s so great to have something on while working on something else. During those times,¬†I only watch something I’ve watched before. The only time I watch something new is when I’m not working on something else.

(I just wanted to see how many times I could use ‘something’ in a paragraph and hopefully make some sense… ūüôā Apparently, it’s five times. )

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I watch TV series or miniseries the most. I was intrigued by House of Cards so much that I actually bought the trilogy of books it was based on from England. (Very good books.) Law and Order reruns, any of the three, are perennial favorites of mine.¬†Top of the Lake¬†was excellent. And I’ve lost count how many times I’ve watched (let alone read)¬†Lonesome Dove.

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While I was deciding what to watch yesterday, I got to wondering a bit about Netflix. So here’s a little Netflix 101 with most information coming from Wikipedia…

First,  the most shocking statistic about Netflix:

Nearly 35% of ALL Internet downstream traffic is for Netflix!

Now some less shocking information.

  • Founded in 1997 by Marc Randolph, a former math teacher, and Reed Hastings, a co-founder of a computer mail-order firm.
  • Randolph and Hastings worked together at a software company that Hastings founded–Pure Software.
  • Hastings sold Pure Software for $700 million and invested $2.5 million of that into starting up Netflix.
  • Hastings came up with the idea for Netflix when he was forced to pay $40 in overdue fines after returning¬†Apollo 13 well past its due date.
  • Netflix launched in August 1996 with 30 employyes and 925 titles available for rent.
  • In 2000, Netflix was offered for acquisition to Blockbuster for $50 million, but Blockbuster declined.
  • Netflix initiated an IPO in May 2002 ¬†and June of 2002 selling over 6 million shares of common stock for $15 per share. ($83+ million)
  • ¬†Netflix did incur substantial losses during its first few years, and it posted its first profit in 2003–earning $6.5 million on revenues of $272 million.
  • In 2005, 35,000 different titles were available and Netflix shipped 1 million DVDs out every day.
  • In July 2014, Netflix surpassed 50 million global subscribers, 36 million of them from the United States.

Happy Streaming!