If you’re a fan of binge-watching your favourite TV shows or movies, you’re probably no stranger to Netflix. The popular streaming service has changed the way we consume media and has become a household name.
With millions of subscribers across the world, there’s no denying that Netflix has revolutionized the entertainment industry. Here are some facts you might not have known about the streaming giant.
- Netflix is the most popular streaming service in the world, with over 208 million subscribers.
- Approximately 41% of Netflix subscribers share their accounts with others, meaning they don’t have to pay for their subscriptions.
- Netflix was founded in 1997, but it wasn’t until 2007 that the company launched its streaming service.
- Netflix can be accessed on multiple devices, making it easy to watch your favourite shows and movies on the go.
- In 2021, the most-watched movie on Netflix was “Clueless,” while the most-watched TV show was “13 Reasons Why.“
- The average Netflix user has watched 49 days’ worth of TV shows and movies since opening their account.
- Netflix has developed over 1,500 original titles since it began creating content in 2013.
- The company’s algorithmic title recommendations are taken by around 80% of its subscribers.
- In 2020, Netflix was expected to generate $239 million in DVD rental revenue.
- Netflix paid Disney $300 million to stream its content before Disney+ was released.
- As of May 2021, Netflix is valued at more than $216 billion.
- More than two-thirds of American households have Netflix as a streaming media source.
- “The Office” remains the most-watched licensed show on Netflix, even in 2021.
- Netflix spent $10 million per episode on its hit series “The Crown.”
- The growth rate of new customers in the United States is expected to slow down in 2022 and beyond, but Netflix’s expansion into foreign markets is set to continue.
With its extensive library of content, innovative approach to media delivery, and widespread popularity, Netflix has transformed the entertainment industry.
Whether you’re a longtime subscriber or a newcomer, these Netflix facts offer a glimpse into the fascinating world of streaming media.