{"id":56998,"date":"2021-08-14T18:01:31","date_gmt":"2021-08-14T10:01:31","guid":{"rendered":"https:\/\/www.hongkiat.com\/blog\/?p=56998"},"modified":"2022-10-14T19:49:28","modified_gmt":"2022-10-14T11:49:28","slug":"netflix-facts","status":"publish","type":"post","link":"https:\/\/www.hongkiat.com\/blog\/netflix-facts\/","title":{"rendered":"20+ Things You Don&#8217;t Know About Netflix"},"content":{"rendered":"<p>Netflix is <strong>no doubt the best<\/strong> of video streaming services, thanks to its large and popular list of original movies and television shows. That\u2019s not all, Netflix \u2014 apart from its <strong>features like <a target=\"_blank\" href=\"https:\/\/www.hongkiat.com\/blog\/netflix-offline-mode\/\" rel=\"noopener\">offline mode<\/a><\/strong> \u2014 has a lot more interesting facts and statistics under its sleeve. And that\u2019s exactly what we\u2019re going to discuss below.<\/p>\n<div class=\"ref-block ref-block--post\" id=\"ref-post-1\">\n\t\t\t\t\t<a href=\"https:\/\/www.hongkiat.com\/blog\/netflix-special-codes\/\" class=\"ref-block__link\" title=\"Read More: Netflix\u2019s Secret Codes for Movies You Should Know\" rel=\"bookmark\"><span class=\"screen-reader-text\">Netflix\u2019s Secret Codes for Movies You Should Know<\/span><\/a>\n<div class=\"ref-block__thumbnail img-thumb img-thumb--jumbo\" data-img='{ \"src\" : \"https:\/\/assets.hongkiat.com\/uploads\/thumbs\/250x160\/netflix-special-codes.jpg\" }'>\n\t\t\t\t\t\t\t<noscript>\n<style>.no-js #ref-block-post-60025 .ref-block__thumbnail { background-image: url(\"https:\/\/assets.hongkiat.com\/uploads\/thumbs\/250x160\/netflix-special-codes.jpg\"); }<\/style>\n<\/noscript>\n\t\t\t\t\t\t<\/div>\n<div class=\"ref-block__summary\">\n<h4 class=\"ref-title\">Netflix\u2019s Secret Codes for Movies You Should Know<\/h4>\n<p class=\"ref-description\">\n\t\t\t\t\t\tWhat makes Netflix one of the most popular streaming services in the world? Well, there are dozens of...\t\t\t\t\t\t<span>Read more<\/span><\/p>\n<\/div>\n<\/div>\n<h2>The history behind Netflix<\/h2>\n<h3>#1<\/h3>\n<p>Do you know the inspiration behind the company? A movie \u2014 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/qz.com\/1062888\/netflix-was-founded-20-years-ago-today-because-reed-hastings-was-late-a-returning-video\/\">Apollo 13 \u2014 was rented by Reed Hastings<\/a>, and he had to pay <strong>forty dollars for late fees<\/strong>. When he questioned the renting business model, he founded Netflix.<\/p>\n<figure><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/assets.hongkiat.com\/uploads\/netflix-facts\/an-image-apollo-13-movie.jpg\" width=\"1024\" height=\"672\" alt=\"An image from Apollo 13 Movie\"><\/figure>\n<p><small>Source: Apollo 13 Movie<\/small><\/p>\n<h3>#2<\/h3>\n<p><strong>Netflix is a year older than Google<\/strong>. It\u2019s unbelievable, right? It was founded by Reed Hastings (its CEO) and Marc Randolph on August 29, 1997.<\/p>\n<h3>#3<\/h3>\n<p><strong>Reed Hastings almost sold 49%<\/strong> stake of Netflix to Blockbuster \u2014 a rental giant worth $4.8B \u2014 in 2000. However, Blockbuster declined the buyout. And guess what happened later? It filed for bankruptcy in 2010. If only it had bought Netflix in 2000, the story would have been different now.<\/p>\n<figure><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/assets.hongkiat.com\/uploads\/netflix-facts\/blockbuster-was-movie-rental-service.jpg\" width=\"1200\" height=\"684\" alt=\"Blockbuster was a movie rental service\"><\/figure>\n<h3>#4<\/h3>\n<p><strong>Netflix reported its <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.digitalcommerce360.com\/2003\/07\/18\/netflix-reports-first-profit-on-74-increase-in-q2-revenue\/\">first profit<\/a><\/strong> in 2003 after seven years of existence as a company. It had a profit of $6.5 million with $272 million in revenues.<\/p>\n<h3>#5<\/h3>\n<p>Netflix was not a streaming service at first. It was an online movie rental store in the US that offered a subscription-based DVD-via-mail service. It launched <strong>its streaming service in 2007<\/strong> \u2014 a year before the recession.<\/p>\n<h3>#6<\/h3>\n<p>In an online survey conducted by Netflix in 2013, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.cinemablend.com\/television\/Unsurprising-Netflix-Survey-Indicates-People-Like-Binge-Watch-TV-61045.html\">61% of people said to binge-watch<\/a> regularly. They shared that they regularly watch at least 2-3 episodes of a television series in a single sitting. <strong>Do you binge-watch?<\/strong><\/p>\n<figure><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/assets.hongkiat.com\/uploads\/netflix-facts\/the-netflix-binge-scale.jpg\" width=\"692\" height=\"774\" alt=\"The Netflix binge scale\"><\/figure>\n<h3>#7<\/h3>\n<p>Netflix launched in 60 countries after launching its streaming service in 2007. It expanded to 130 countries in 2016, thus it\u2019s now <strong>available in 190+ countries<\/strong>. Its current subscriber base fills most of the map (shown below) with exceptions including China, Crimea, North Korea, and Syria.<\/p>\n<figure><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/assets.hongkiat.com\/uploads\/netflix-facts\/netflix-subscriber-base-map.jpg\" width=\"968\" height=\"495\" alt=\"Netflix subscriber base on the map\"><\/figure>\n<h2>Its culture and workplace<\/h2>\n<h3>#8<\/h3>\n<p>Reed Hastings, its <strong>CEO, has <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.businessinsider.com\/netflix-ceo-reed-hastings-has-no-office-hardly-needs-laptop-2017-9?IR=T\">avoided an office<\/a><\/strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.businessinsider.com\/netflix-ceo-reed-hastings-has-no-office-hardly-needs-laptop-2017-9?IR=T\"> since 2008<\/a>; he works using just a smartphone and meets with people around the office building.<\/p>\n<h3>#9<\/h3>\n<p>Netflix <strong>employees can take as many days off<\/strong> as they want as long as their work doesn\u2019t suffer. Does that inspire you to find a job at Netflix?<\/p>\n<h3>#10<\/h3>\n<p>There is another reason to get a job in Netflix: become a tagger. You <strong>get paid for watching content<\/strong> from home, collecting data, categorizing and tagging them. And finally, submit them to improve the recommendations.<\/p>\n<h3>#11<\/h3>\n<p>Its executives in California made <strong>house calls during the company\u2019s initial years<\/strong> to ask questions and find out people\u2019s experience with its site. Netflix, as a token of appreciation for their help, bought coffee for them.<\/p>\n<figure><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/assets.hongkiat.com\/uploads\/netflix-facts\/netflix-headquarters-california.jpg\" width=\"1200\" height=\"901\" alt=\"Netflix headquarters in California\"><\/figure>\n<h2>Its growth over the world<\/h2>\n<h3>#12<\/h3>\n<p>Netflix <strong>usage <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.pwc.com\/us\/en\/services\/consulting\/library\/consumer-intelligence-series\/video-consumer-motivations.html\">surpassed<\/a><\/strong> that of cable and satellite TV for the first time in 2018 since 58% of the subscribers prefer it as it is cost-effective.<\/p>\n<h3>#13<\/h3>\n<p>Netflix owns <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.sandvine.com\/hubfs\/downloads\/phenomena\/2018-phenomena-report.pdf\">26.58<\/a> percent of global market share across video streaming services and remains the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/s22.q4cdn.com\/959853165\/files\/doc_financials\/quarterly_reports\/2018\/q2\/FINAL-Q2-18-Shareholder-Letter.pdf\">biggest contributor to the download traffic<\/a> across the world, costing over <strong>15 percent of the global internet traffic<\/strong>.<\/p>\n<h3>#14<\/h3>\n<p>Netflix subscribers accessed the services from <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/variety.com\/2018\/digital\/news\/netflix-dark-international-audience-1202719270\/\">450 million unique devices<\/a> as of December 2018. It\u2019s <strong>15% of the 3.3B smartphones<\/strong> in the world.<\/p>\n<h3>#15<\/h3>\n<p>Netflix is the first streaming service to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.pastemagazine.com\/articles\/2019\/01\/netflix-becomes-the-first-streamer-to-join-the-mpa.html\">join the Motion Picture Association of America<\/a>, which includes big names such as Walt Disney, Paramount Pictures, Sony Pictures, Twentieth Century Fox, and Warner Bros as well.<\/p>\n<h3>#16<\/h3>\n<p>Netflix subscribers <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/variety.com\/2018\/digital\/news\/netflix-350-million-hours-1202721679\/\">streamed record-breaking 350 million hours<\/a> of movies and television shows on January 7, 2019. On average, its subscribers stream <strong>140 million hours of video content every day<\/strong> around the globe.<\/p>\n<h3>#17<\/h3>\n<p>Netflix is <strong>conquering the globe<\/strong>! It has more than 148 million subscribers and expects to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2019\/02\/13\/netflix-will-double-subscribers-in-10-years-to-335-million-credit-suisse.html\">achieve 335+ million subscribers by 2028<\/a>. Its competitors HBO claims to have 142M and Amazon Prime have 100M subscribers.<\/p>\n<figure><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/assets.hongkiat.com\/uploads\/netflix-facts\/netflix-conquering-globe.jpg\" width=\"1200\" height=\"499\" alt=\"Netflix is conquering the globe\"><\/figure>\n<h2>Original movies & shows<\/h2>\n<h3>#18<\/h3>\n<p>Netflix launched three original series for the first time in 2013 \u2014 <strong>House of Cards<\/strong>, <strong>Hemlock Grove<\/strong>, and <strong>Orange is the New Black<\/strong>. It pulled off <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.statista.com\/statistics\/324190\/nominations-winners-netflix-original-programs-emmy-awards-usa\/\">31 Primetime Emmy nominations<\/a> for these original shows.<\/p>\n<h3>#19<\/h3>\n<p><strong>The Office (U.S.)<\/strong> was <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.recode.net\/2018\/12\/21\/18139817\/netflix-most-popular-shows-friends-office-greys-anatomy-parks-recreation-streaming-tv\">the most viewed show<\/a> (7.19%) in 2018, which is not owned by Netflix. In the meantime, <strong>13 Reasons Why<\/strong> was the most watched show (0.58%), which comes under the banner of Netflix Originals.<\/p>\n<h3>#20<\/h3>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.wired.com\/story\/netflix-emmy-nomination-supremacy\/\">Netflix Originals movies and shows received<\/a> 112 Emmy nominations in 2018, which shot up from 90 nominations that Netflix received in 2017. It <strong>beat HBO\u2019s 17-year long run<\/strong> in Emmy nominations. Surprising, right?<\/p>\n<h3>#21<\/h3>\n<p>According to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/flixable.com\/netflix-museum\/\">Flixable<\/a>, a third-party search engine for Netflix, Netflix was <strong>lacking movie selection<\/strong> in 2018. Netflix had 530 shows and 6,755 movies in  2010, but it offered just 3,839 movies in 2018, of which, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.streamingobserver.com\/netflix-movie-library-2019\/\">596 were Certified Fresh<\/a> (15.5%). In the meantime, it had 1,569 TV shows \u2014 tripled!<\/p>\n<figure><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/assets.hongkiat.com\/uploads\/netflix-facts\/flixable-third-party-search-engine-netflix.jpg\" width=\"1200\" height=\"485\" alt=\"Flixable is a third-party search engine for Netflix\"><\/figure>\n<h2>Some more milestones<\/h2>\n<h3>#22<\/h3>\n<p>Did you know? Netflix was <strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/money.cnn.com\/2018\/05\/24\/investing\/netflix-disney-comcast-market-value\/index.html\">momentarily bigger than Disney<\/a><\/strong> with its market capitalization being more than $153 billion on March 24, 2018.<\/p>\n<h3>#23<\/h3>\n<p>Netflix is one of the world\u2019s <strong>largest internet company by revenue<\/strong>. Its annual revenue <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.statista.com\/statistics\/273883\/netflixs-quarterly-revenue\/\">amounted to $15.8 billion<\/a> with $1.21 B as profits in 2018.<\/p>\n<h3>#24<\/h3>\n<p>Netflix reported <strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.reuters.com\/article\/us-netflix-debt\/netflix-adds-to-growing-debt-pile-with-2-billion-bond-issue-idUSKCN1MW1SU?feedType=RSS&feedName=businessNews\">$4.8 billion debt<\/a> in 2018<\/strong>. It had spent $6.9 billion for its original content (movies and TV shows) till the third quarter of 2018.<\/p>","protected":false},"excerpt":{"rendered":"<p>Netflix is no doubt the best of video streaming services, thanks to its large and popular list of original movies and television shows. That\u2019s not all, Netflix \u2014 apart from its features like offline mode \u2014 has a lot more interesting facts and statistics under its sleeve. And that\u2019s exactly what we\u2019re going to discuss&hellip;<\/p>\n","protected":false},"author":120,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3398],"tags":[4060],"topic":[],"class_list":["entry-content","is-maxi"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>20+ Things You Don&#039;t Know About Netflix - Hongkiat<\/title>\n<meta name=\"description\" content=\"Netflix is no doubt the best of video streaming services, thanks to its large and popular list of original movies and television shows. 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