Netflix facts

Netflix (February half term homework)
History of Netflix
Netflix was founded by Marc Randolph and Reed Hastings in 1997. Reed had borrowed Apollo 13 and had forgotten to give it back so was fined. He then came up with the idea of creating a home entertainment system where people can watch films without worrying to take it back. The pair then developed the idea of choosing online what you want to watch and the DVD would be delivered to you and you send it back once you're done- Netflix. Later they then decided to move it online and now have over 167 million customers world wide.

Content
Netflix partners with content providers to license streaming rights for a variety of TV shows and movies. The company also produces their own original content called 'Netflix originals'. Netflix has pledged $17 billion to original content in 2020. This $17 billion spend on content is up from $15.3 billion in 2019 and their content spending is predicted to increase to $26 billion in 2028. 

Awards
Content that Netflix have produced has been award winning. It has won 8 Oscars out of 45 nominees. Examples of winners and nominees include: The Irishman, Marriage Story and Roma. Netflix has also won Grammy awards for music within their original content. This includes: Orange is the new black, Stranger Things and What happened, Miss Simone? Netflix have won Golden Globes for their original productions including: The Crown and House of cards.



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