Browsing: Netflix

Netflix is a company that was founded in 1997 by Reed Hastings and Marc Randolph. They both came from the same high school: The University of California, Berkeley. Netflix started as an idea to bring DVDs into people’s homes with no late fees for rentals or shipping costs but then they pivoted their business model when it became clear there would always be someone else who could provide this service cheaper than them because DVD production technology had become so cheap. Instead, Reed decided he liked creating original content better anyway and now his new way to enter people’s lives through streaming video has been wildly successful!