Now Streaming: These Facts From This Site Into Your Brain
Stop watching Netflix for a minute and read these facts about Netflix.
- CEO Reed Hastings got the idea for a company where uses pay a monthly fee to keep out DVDs—instead of a fee to rent a single movie for a day or two, and then incur late charges—in 1997. He’d returned Apollo 13 late to his local Blockbuster Video and had rung up a $40 late fee.
- Early names considered for the company: Kibble, Directpix, Replay, and Luna.
- Netflix was up and running by 1998, renting DVDs by mail. To bring itself a little publicity, it offered discs of President Bill Clinton’s grand jury testimony in the lead-up to his impeachment hearings. The duplication company hired to make the DVDs messed up, and Netflix subscribers wound up with Chinese pornography.
- According to Netflix research, if customers don’t pick something to watch on its streaming platform within two minutes, they’ll sign out and switch over to Hulu or regular TV.
- As of 2015, there are more Netflix subscribers in the U.S. than cable TV subscribers.
- Netflix users stream 100 million hours of content every day. From 7 to 9 p.m. (prime TV-watching time), Netflix is responsible for one-third of all Internet traffic in the U.S.
- Most streamed TV show of all time of Netflix: Breaking Bad. Most watched movie: The Netflix-produced Adam Sandler movie The Ridiculous 6.
- While streaming constitutes its main business, the company still processes a lot of DVD rentals. A worker in one of its facilities will sort as many as 5,200 DVDs a day.
- Netflix sends and receives DVDs in rectangular envelopes. Reason: They’re cheaper to send than square ones. The company saves a reported $225 million each year in postage because of that decision.
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