---
title: "What's the history of Netflix?"  
description: "What's the history of Netflix?"  
author: "Steilla Mitchel"  
published: 2022-06-03  
canonical: https://answers.mindstick.com/qa/97759/what-s-the-history-of-netflix  
category: "netflix"  
tags: ["netflix"]  
reading_time: 2 minutes  

---

# What's the history of Netflix?

What's the [history](https://www.mindstick.com/articles/23213/overview-and-history-of-c-sharp) of Netflix?

## Answers

### Answer by Sarda Kumari

## Netflix- an overview

## \

Netflix is currently the **world's largest OTT** streaming service. It has a vast content catalog. It has a library of more than **3000 films** and shows of **various genre**s. ![What](https://answers.mindstick.com/questionanswer/ee095a4f-c12f-4744-bd41-db1c6fdc14fc/images/0b779926-8cd8-438f-bfe9-d7633a55c1ea.jpeg)\
Read also: [**Where is Netflix content stored?**](https://answers.mindstick.com/qa/97771/where-is-the-netflix-content-stored) \
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**\** **History and growth of Netflix** \
Netflix was founded in 1997 by two American entrepreneurs, **Reed Hastings** and **Marc Randolph**, in Scotts Valley, **California**. \
The concept behind the launch of Netflix was to sell/rent DVDs via mail. During the initial years, Netflix offered per-rental models for each DVD. Later, the concept of monthly subscription was introduced. \
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Netflix was issued a patent in **2003** to cover its subscription rental service and several other extensions. In the same year, it posted its first profit. By **2005,** about 35000 different films were available on the Netflix platform. It shipped 1 million DVDs out every single day. ![What](https://answers.mindstick.com/questionanswer/ee095a4f-c12f-4744-bd41-db1c6fdc14fc/images/24762309-ff77-4824-b287-ff0346193463.jpeg)\
Read also: [**Why is Netflix spending on original content?**](https://answers.mindstick.com/qa/97769/why-is-netflix-spending-on-original-content) \
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Netflix officially launched the **streaming media service** in January 2007. Soon after, Netflix collaborated with various media giants like **Disney**, **sony pictures television, cartoon network, and marvel television**. Initially, it had only a thousand films available for streaming on the internet. \
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At present, Netflix is operating in all the countries of the world. It has its headquarters in Los Angeles, Los Gatos, and new york city. \
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By February 2013, Netflix had become a significant distributor of **animated family and kids shows**. In July 3013, **orange is the new black** was debuted, which soon became the **most watched original series** on the Netflix platform. \
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In 2018, Netflix pulled out of the **Cannes film festival.** Since then, several Netflix original series was debuted on the platform, which marked a remarkable boost in its subscribers. **Sex education, the kissing booth, stranger things**, and **squid games** are a few of the most popular Netflix original series. \
No wonder Netflix has become the most incredible OTT platform and has succeeded effortlessly in replacing cable connections. \
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Read also: [**How does Netflix produce so much original content so quickly?**](https://answers.mindstick.com/qa/97767/how-does-netflix-produce-so-much-original-content-so-quickly)


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