Founded in 1997 by Reed Hastings and Marc Randolph, Netflix is easily the most successful streaming service in the world. Netflix has pioneered the world of home media and has almost become synonymous with the word chilling. As of April 2020, Netflix has over 193 million paid subscriptions worldwide and is one of the fastest expanding companies. In this article, we will be taking a look at some of the interesting and fascinating facts you might have not known about this streaming giant.
Unknow Facts About Netflix
Reed Hastings was inspired to create Netflix after getting a $40 late fee charge on a VHS copy of Apollo 13 after renting it at Blockbuster.
For the first 15 years or so, the only way to get a movie from Netflix was on a DVD. Netflix still does the DVD business. They just mailed their 5 billionth disc.
Netflix emerged as an online streaming platform in 2007, and pioneered what we now know as a streaming service.
In 2000, Blockbuster had the option of buying Netflix for $50 million. Blockbuster declined the deal, and are now bankrupt. Netflix, on the other hand, is worth an estimated $20 billion.
Netflix monitors what is been illegally downloaded on BitTorrent and other pirate sites in order to work out what shows they should try to purchase. They mainly use this strategy more in the European market, but this is one of the many extraordinary methods they use to gather the necessary information and attract new members.
Netflix has over 72 million U.S. subscribers, compared to the 48.61 million people still paying for traditional cable service.
Netflix has 125 million hours of content.
Despite its huge library of movies and TV shows available to subscribers has actually dropped by 50% over the past few years, going from 11,000 titles in 2012 to about 5,300 in 2016. In the near future, Netflix expects half of its library to be made up of original content.
People who use another person’s account to stream content could be costing the company $360 million or more in revenue.
More than 20% of young people and 12% of adults overall are sharing log-in credentials for sites, such as Netflix and Hulu.
Netflix sorts viewers into 2,000 different groups based on their viewing habits and then uses that data to recommend other TV shows and movies for them to watch. The strategy allows the recommendations to go beyond genre and find more subtle connections between movies and shows that suggest someone might enjoy something.
Netflix’s envelopes are rectangle instead of square is because the UPS charges more for square envelope. In 2011, Netflix managed to save more than $225 million in additional by using rectangle envelops.
The pre-launch code name for Netflix was Kibble. The other names they almost chose before settling for Netflix were Replay, CinemaCenter, Take2, and NetPix.
Netflix used to rent soft-core adult videos. Like Playboy, etc. That stopped due to the obscenity laws in every jurisdiction that we they mailing to, which was a lot.
House of Cards wasn’t technically the streaming platform’s first original. In 2011, Netflix created a test show titled Example Show with two episodes. Each episode has 11 minutes of footage and is available on the American Netflix website.
With Netflix dropping entire seasons together, the term binge watching became extremely popular, so much so that the term was declared as world of the year by a survey done by Collins
In 2014, a Netflix bug started combining plot summaries of different movies together. The results instantly became viral on the internet.
The average user watches about 90 minutes worth of Netflix programming a day.
Netflix reports that only about 60% of its users binge-watch every few weeks
The most common binge-watched shows in Netflix’s lineup include Breaking Bad, Bates Motel and How I Met Your Mother.
Netflix’s library uses over a petabyte of data. That’s a little over 1,000 terabytes of data, or one million gigabytes.
One independent developer, Renan Cakirerk, didn’t like Netflix’s confusing and unfriendly interface, so he created “god mode.” It was a plugin that essentially just showed the viewer all their options in one vertical menu. It became instantly popular among users, and Netflix liked it and eventually used it as a major part of their site redesign.
In 2017 alone, Netflix added more than 1,000 hours of original content, costing roughly six billion dollars.
There are more than 76,000 categories to scroll through on Netflix. This includes categories like “Cool Moustaches,” “Imaginative Time Travel Movies from the 1980s” or even “Movies That Are English But Still Require Subtitles.”
Netflix pays people watch their content. They hire people to watch and tag movies or TV shows with keywords from a pool of about 1,000 words. The purpose of the project is to improve Netflix’s recommendations algorithm and keep people on the site as much as possible.
Netflix inspectors sort about 650 DVDs every hour, which is over 5,000 in a day.
A person watched The Curse of the Black Pearl 365 times in 2017, breaking a record for global re-watching
According to a report, a Netflix subscriber will get themselves an extra 158 hours of content simply by having no commercials interrupting their TV viewing.
The popular term “Netflix and Chill” comes from a twitter user who wrote “I’m about to log onto Netflix and chill for the rest of the night” all the way back in 2009.
To embody his character, actor Wagner Moura who plays Pablo Escobar on Narcos, gained 18kg, which put a regretful toll upon his health. He also taught himself Spanish, even taking a university course in Columbia to become more fluent-sounding.
Netflix has been around longer than Google. Netflix was established as a subscription service in 1997. Google was founded in 1998.
The company’s revenue is estimated at $6 billion.
Netflix is the single largest contributor to Internet traffic in many countries. In the States, it amounts to almost one third during primetime.