Netflix, Inc. is an American entertainment company, headquartered in Los Gatos, California. Founded in 1997 by Reed Hastings and Marc Randolph in Scotts Valley, California, the company's primary businesses are its eponymous subscription-based, streaming video-on-demand service, which offers online streaming of a library of films and television programs, as well as the distribution and production of original films and television series that are distributed exclusively by the service.
Netflix's initial business model included DVD sales and rental by mail, although Hastings jettisoned DVD sales about a year after Netflix's founding to focus on the DVD rental business. In 2007, Netflix expanded its business with the introduction of streaming media, while retaining the DVD and Blu-ray rental service. The company expanded internationally, with streaming made available to Canada in 2010 and continued growing its streaming service from there; by January 2016, Netflix services operated in over 190 countries – it is available worldwide except Mainland China, Syria, North Korea and Crimea.
Netflix entered the content-production industry in 2012, debuting its first series, Lilyhammer. It has greatly expanded the production of both film and television series since then, offering "Netflix Original" content through its online library of films and television. Netflix released an estimated 126 original series or films in 2016, more than any other network or cable channel.
As of April 2018, Netflix had 125 million total subscribers worldwide, including 56.71 million in the United States. Their efforts to produce new content, secure the rights for additional content, and diversify through 190 countries has resulted in the company racking up billions in long-term debt: $21.9 billion as of September 2017, up from $16.8 billion from the same time the previous year, although only $6.5 billion of this is long-term debt; the remaining are long-term obligations.
Netflix's headquarters are located at 121 Albright Way, Los Gatos, California, United States. They also have other offices in the Netherlands, Brazil, India, Japan, and South Korea. Wikipedia