Netflix started as a DVD rental & selling company in the year 1997. In 2007 it started providing video-on-demand service.
Fast forward to today still after having huge competition, Netflix is a number one in video streaming service. If you are a Netflix user, then here are some interesting facts that probably most users don’t know.
In case you aren’t using Netflix because it is expensive for you, then read this article of Globalbestoffer.
Table of Contents
9 Interesting Facts About Netflix
- Netflix Current Market Value is $230 Billion: Just imagine a 230-billion-dollar market for a second. I think the biggest reason is Netflix produces a lot of original content.
- Netflix is the 9th largest internet company: Netflix is even more giant than Uber & PayPal. Around 8,600 employers are working for Netflix currently. Its revenue is 20 Billion dollars per annum. That makes it part world’s top biggest internet companies.
- The company is Still In the loss: Yeah, they are still operating in the loss. Basically, it became THE NETFLIX in the year 2016. Before that, it was mainly operating in the USA.
- Because the company aims to reach as many people as possible, that’s why they are operating in the loss. Netflix’s debt is 12 Billion dollars.
- Its founder Tried To Sell Company For 50 Million: It happened in the year 2000. When CEO Reed Hastings tried it sell the company to BlockBuster for 50 million dollars. But then somehow, for a reason, Blockbuster step back. Now It even bigger than BlockBuster.
- 23% of users use Netflix daily: Netflix has 192 million users who make the world’s biggest video streaming service. Out of those, 23% visit daily for the entertainment.
- 26% Global Streaming Traffic: Netflix consumes 15% of total internet traffic. That takes 26% of Global streaming traffic.
- This year’s (2020) Report isn’t out the released yet. But due to the pandemic, it will more significant than last year.
- Netflix spends more than $150 million on improving its recommendation system every year: Except for 8 Billion costs on producing original content every year, its recommendation is also a considerable expense. Probably that’s the reason for Netflix’s success.
- Its library size is around 10 million GB; showing some selected pieces of items on the home page isn’t a piece of cake.
- Money Heist show was considered a failure and was nearly canceled before it was picked up by Netflix: Money heist is the most-watched non-English series on Netflix. Or the only series that I have finished so far. Could you believe that it was a failure?
That is the power of Netflix. It can turn failure into success –
- Grey’s Anatomy has most episodes 344 & 15 seasons: Grey’s Anatomy is the longest web series that exist on the Netflix library. But this isn’t Netflix’s original content. This series is even longer than 15 episodes. But due to some reason, further seasons aren’t available on Netflix.
- Extraction movie first title was Dhaka: Extraction also became the most-watched original movie. But deciding its name was big for the team. Initially, they decided Dhaka (Bangladesh capital). But finally, it was released with Title of Extraction.
- 41% of Netflix users are watching without paying thanks to password and account sharing: Thanks to people who share their passwords. Some people are super expert, so they hack other’s accounts.
- Netflix could fix it quickly, but I guess the company wants to make people addicted to their content. That’s why they didn’t take even serious action so far.
- Its Content is Hosted on Amazon Web service:AWS is amazon services; yeah, that we use shopping. Netflix used for hosting content. Every month Company pays close to 10 Million dollars every month. That makes it the biggest client for Amazon web service.
- How Does Kibble Sound? Netflix owners struggled in the starting to find a good name. Initially thought about Kibble But later on, agreed on Netflix.
- Netflix still offers DVD Service: If this is shocking for you, then let me tell you that close to 3 Million People Still Subscribed to their DVD services.
Conclusion
You probably have discovered a few fascinating facts about Netflix. Next time while watching the quick episode on Netflix, thanks to their engineers who make it possible. By the home, page recommendation & Design is a cost of 150 million dollars.
In case you think I missed any interesting fact, share in the comments section.
