Netflix was founded on August 29, 1997, by Reed Hastings and Marc Randolph. Initially, it operated as a DVD-by-mail service before transitioning to a streaming platform. The streaming service was officially launched on April 14, 2008, allowing subscribers to instantly watch movies and TV shows on their devices over the internet.
Here are some additional key milestones in the history of Netflix:
1. 2007: Netflix introduces its streaming service, allowing subscribers to instantly watch movies and TV shows on their computers.
2. 2010: The streaming service expands internationally, first in Canada. This marks the beginning of Netflix's global expansion.
3. 2013: Netflix releases its first original series, "House of Cards," followed by other successful original content like "Orange Is the New Black" and "Arrested Development."
4. 2015: Netflix expands its global reach significantly, making its streaming service available in over 190 countries.
5. 2017: The company surpasses 100 million subscribers worldwide.
6. 2018: Netflix receives its first Academy Award nominations for original films, with "Roma" earning multiple nominations.
7. 2019: Netflix faces increased competition with the launch of several other streaming services, such as Disney+, Apple TV+, and HBO Max.
8. 2020: The COVID-19 pandemic leads to a surge in streaming viewership, benefiting platforms like Netflix as people stay home and seek entertainment.
9. 2021: Netflix continues to invest heavily in original content, with a diverse range of movies, series, and documentaries being released.
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