Los Gatos, California, United States--Netflix (Nasdaq: NFLX) is an American subscription video on-demand over-the-top streaming service; with 282.7 million paid memberships in more than 190 countries as of 2024, it sets the world record for being the World's Largest Video Streaming Service, according to the WORLD RECORD ACADEMY.
"Netflix is an American subscription video on-demand over-the-top streaming service. The service primarily distributes original and acquired films and television shows from various genres, and it is available internationally in multiple languages.
"Launched in 2007, nearly a decade after Netflix, Inc. began its pioneering DVD-by-mail movie rental service, Netflix is the most-subscribed video on demand streaming media service, with 282.7 million paid memberships in more than 190 countries as of 2024.
"By 2022, "Netflix Original" productions accounted for half of its library in the United States and the namesake company had ventured into other categories, such as video game publishing of mobile games through its flagship service. As of 2023, Netflix is the 23rd most-visited website in the world, with 23.66% of its traffic coming from the United States, followed by the United Kingdom at 5.84%, and Brazil at 5.64%." (Wikipedia)
"In 2020, Netflix earned 24 Academy Award nominations, marking the first time a streaming service led all studios. In July 2024, Netflix received 107 Emmy nominations, which was the most of any network.
"Films and programs distributed by Netflix received 30 nominations at the 2021 Screen Actors Guild Awards, more than any other distribution company, where their distributed films and programs won seven awards including best motion picture for The Trial of the Chicago 7 and best TV drama for The Crown. Netflix also received the most nominations of any studio at the 93rd Academy Awards—35 total nominations with 7 award wins." (Wikipedia)
"Netflix is a streaming service that offers a wide variety of award-winning TV shows, movies, anime, documentaries, and more on thousands of internet-connected devices," the
official website says.
"You can watch as much as you want, whenever you want without a single commercial – all for one low monthly price. There's always something new to discover and new TV shows and movies are added every week!
"Netflix has an extensive library of feature films, documentaries, TV shows, anime, award-winning Netflix originals, and more. Watch as much as you want, anytime you want."
"From relatively humble beginnings as a DVD-by-mail service, Netflix has grown into one of the most used video streaming services in the world," the Statista says.
"Today, the company is capitalizing on its pioneering move to streaming back in 2007. Since this transition, Netflix’s revenue has grown by over 30 billion U.S. dollars.
"The number of Netflix subscribers has followed a similar trend, with the figure significantly increasing to nearly 283 million in the third quarter of 2023."
"Netflix competitors, such as Amazon Prime Video, Disney+, and Max, have also carved out significant spots for themselves within the streaming landscape. Yet, Netflix’s popularity is booming around the world, with a forecast suggesting that the streaming giant will remain the SVOD market leader in the upcoming years.
"One of the main differences between Netflix and its competitors is its massive wealth of original content. Worldwide, Netflix was estimated to increase its spending on own productions to around 15.4 billion U.S. dollars in 2024.
"Indeed, the popularity of shows such as "House of Cards," "Stranger Things," and "Bridgerton" have made original programming integral to the company’s continued success,"
the Statista says.
"Netflix, the world's largest video streaming company, has achieved 70 million monthly active users worldwide two years after the launch of its advertising pricing plan," the
Maeil Business Newpaper reports.
"Netflix said on its news blog on the 12th (local time), "More than 50% of new subscribers in countries that support Netflix ads are choosing advertising-type membership."
"Netflix shares are also at an all-time high. Netflix shares rose 1.75% from the previous day to $819.50 on the New York Stock Exchange. At one point in the market, it rose to $820.37 and hit a 52-week high, and it is up 68% this year."
"Netflix is by far the fastest-growing streaming service of the year with an addition of 2.6 million subscribers from the end of December to the end of May, the latest data available, according to Antenna, a platform that tracks paid subscriber numbers for advertisers," the
Forbes says.
"Netflix scored almost twice as many new viewers as the next fastest-growing service, NBC’s Peacock, which added 1.38 million new paid subscribers so far this year.
"Netflix is by far the biggest streaming service worldwide and, in April, reported it had almost 270 million paid subscribers across the globe as of the first quarter of 2024, a 16% increase over the same quarter the year before. The company posted a first quarter revenue of $9.37 billion, up 14.8% year-over-year."
"At Netflix, we want to entertain the world. Whatever your taste, and no matter where you live, we give you access to best-in-class TV series, documentaries, feature films and games," the Netflix official website says.
"Our members control what they want to watch, when they want it, in one simple subscription. We’re streaming in more than 30 languages and 190 countries, because great stories can come from anywhere and be loved everywhere.
"We are the world’s biggest fans of entertainment, and we’re always looking to help you find your next favorite story."
"While the media and entertainment landscape around Netflix is in a state of change, the world’s largest streamer is fine with the status quo.
"Netflix classified the streaming, pay TV, film, gaming and branded advertising market as a $600 billion industry in terms of total annual sales, noting the company accounts for about 6% of that revenue," the CNBC reports.
"The streamer added more than 8 million subscribers in the quarter. It now has more than 277 million global customers, making it by far the largest subscription streaming service in the world. Netflix’s market valuation as of Thursday’s market close is $277 billion."
"Netflix is the biggest streaming service in the world. The company reported 269.6 million global paid memberships as of March 31, 2024. That number was up 3.6% from the previous quarter, and up 16% year-over-year," the
Digital Trends says.
"The secret to Netflix’s success? Reach, for one. It’s been available globally longer than any of the other services on this list. (And, of course, not all the services on this list are available globally.)
"The U.S. and Canada on their own make up 82.66 million subscribers. Europe, the Middle East and Africa tout 91.73 million. Latin America and Mexico weigh in at 47.72 million, and the Asia-Pacific region hits 47.5 million. It’s a big world out there."
"The company revealed it had more than 260 million subscribers around the world, but in a letter to shareholders it also announced which countries could potentially see a greater investment of time and money as Netflix tries to increase its subscriber base and viewership share in them," the
IDMB says.
"In markets like Mexico, Spain, Brazil, and Poland, streaming makes up less than 25% of total TV viewing. As the strongest streaming brand in the world, Netflix is in an excellent position to increase penetration in these countries.
"The streamer is already expanding the amount of titles it produces internationally, and subscribers should expect that to continue."
Photos: (1-13) Netflix
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