How Netflix Changed TV Forever

Netflix was founded on August 29, 1997, by Reed Hastings and Marc Randolph. Initially, it was a subscription-based DVD-by-mail service that allowed customers to rent DVDs of their favorite movies and TV shows. The company quickly gained popularity, and by 2005, it had around 6 million subscribers.

However, with the rise of online streaming, Netflix saw an opportunity to pivot its business model. In 2007, they launched their online streaming service, which allowed customers to watch movies and TV shows directly on their computers. This move was ahead of its time, and Netflix quickly became a major player in the online streaming space.

Over the next few years, Netflix continued to expand its offerings and improve its user experience. In 2013, it made a bold move into original content production with its first original series, "House of Cards." This was a major turning point for the company and helped to establish it as a major player in the entertainment industry.

Today, Netflix has over 208 million subscribers worldwide and is known for its extensive library of movies, TV shows, and original content. The company continues to innovate and shape the way we consume and experience entertainment, and its success story serves as a testament to the power of adaptation and the importance of taking bold risks in business.

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