Netflix : Stronger than ever

Market Valuation :

• 2009
Sony : $50 Bn.
Netflix : $1.5 Bn.

• 2020
Sony : $76 Bn.
Netflix : $179 Bn!

• Yesterday, they celebrated their 22nd year & what a time to be in!

Share Price : ~$413 (All time high)
Total Users : Over 170Mn.

Content? UNLIMITED!

Some lesser known #facts about Netflix :

• Netflix started off with DVD #business & still continue that. Infact, they recently mailed their 5 Billionth Disc!

• In their early days when Amazon only sold books, they hinted about possibly acquiring Netflix for $14-16 Mn. Netflix refused, ofcourse.

• In the year 2000, Netflix wasn’t going as strong as founders Reed Hastings & Marc Randolph expected to be. They went to sell Netflix to Blockbuster.

Reed & Marc wanted $50 Mn. Blockbuster laughed it off. Now, they are down to their last store.

Guess who had the last laugh?

• Netflix use to rent soft-core adult videos when they started out.

Did you ever imagine Netflix would grow into a #company it is today?

Marc Randolph : “Never in a million years.”

There are many ‘ifs’ in their story. What if Amazon had acquired them? What if Blockbuster had agreed to buy them?

Eventually, everything falls into place!

Netflix dazzled the OTT Industry, didn’t they?

Thoughts on it?

Via – Dehit