by madelyn leckman
All about netflix
Reeds idea back in 1997 was to make it easier for people to watch movies.How he got this idea is when he had a $40 dollar fee for Apollo 13 movie from block buster. When Netflix was first open to the pubic lots of people got it. What Netflix did was to mail DVD's to peoples house for a low price and then you could return the when ever they liked.
As time moved on Netflix had to change. they went from DVD's to online. With every passing year more and more people got the monthly Netflix plan. Now you can tell how Netflix became a big company as you may know it today.
Fun fact of the idea of Qwikster
The red envelope
before Netflix went online, the company mailed the DVD's to peoples houses.
Now a days on netflix
now Netflix is online and easy to use
How can you find Netflix
Netflix is now able to be used on all different devices including TV, game stations, phones, and lots more
Time line of Netflix
1997:NetFlix.com, Inc. is formed in California by Reed Hastings and Marc Randolph
1998:The company begins offering DVD rentals and sales.1999:Sales are halted; Group Arnault invests $30 million in the firm and a subscription plan debuts.
2000:Revenue sharing deals are signed with Warner Brothers and Columbia film studios; CineMatch is introduced.
2001:A partnership with Best Buy gives Netflix exposure in the chain's 1,800 stores.
2002:The company goes public and changes its name to Netflix, Inc.
2003:Subscribers top 1,000,000, and Netflix has its first profitable quarter.
Introduction of Video Streaming Services.
Qwikster Decision announced and then Scrapped.