Netflix is a streaming media company which was founded in 1997. Originally, they were competing with Blockbuster for DVD rentals using a mail order service. Eventually, they became the biggest service to stream movies to customers' TVs by internet for a monthly subscription. Streaming video services require heavy broadband bandwidth usage. It was reported in 2013 that YouTube and Netflix account for half of all internet traffic in North America.
Netflix is a worldwide service with more than 70 million subscribers. The have grown to develop their own shows for distribution such as the popular House of Cards and Orange is the New Black. The service can be accessed on computers (using web browsers), game consoles, Apple TV, Roku, Chromecast, tablets, cell phones and IPTV services.
Netflix is publicly traded on the NASDAQ stock market, symbol NFLX.
- Half of Internet Traffic in North America Is Just to Watch Netflix and YouTube, The Wire, May 14, 2013