Bits Blog
Twitter Will Make It Easier to Report Abusive PostsBy VINDU GOEL
Responding to an online petition campaign, the service said it would
make it easier for users to report abusive posts and spam and to block
offensive accounts.
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Bits Blog
A New Role for Amazon: An Engine for JobsBy NICK WINGFIELD
Amazon, plans to announce it is creating more than 5,000 new jobs in
the United States, as the company seeks to draw more attention to the
working-class jobs it is creating at home.
Two Ad Giants Chasing Google in Merger Deal
By TANZINA VEGA
The merger of
Omnicom and Publicis signals that advertising is now firmly in the
business of collecting and selling the personal information of millions
of consumers.
Video
Video: The Sweet Spot: Why Netflix Matters In this week's episode, A. O. Scott and David Carr talk about Netflix's amazing evolution, and how people are watching its critically acclaimed shows.
From Wikipedia, the free encyclopedia
 |
|
| Type | Public company |
|---|---|
| Traded as | NASDAQ: NFLX S&P 500 Component |
| Industry | Video rental and Streaming |
| Founded | 1997[1] |
| Headquarters | Los Gatos, California, US |
| Area served | USA Canada Mexico Brazil Argentina South America United Kingdom Ireland Nordic countries except Iceland Netherlands (end of 2013) |
| Key people | Reed Hastings, co-founder and CEO David Wells, CFO Neil Hunt, CTO Ted Sarandos, Chief Content Officer |
| Products | Proprietary Microsoft VC-1 video streaming, online DVD and Blu-ray Disc rental |
| Revenue |  US$3.61 billion (FY 2012)[2] |
| Operating income |  US$50 million (FY 2012)[2] |
| Net income | US$17 million (FY 2012)[2] |
| Total assets | US$3.97 billion (FY 2012)[2] |
| Total equity | US$745 million (FY 2012)[2] |
| Employees | 2,045 full-time (FY 2012)[2] |
| Website | www.netflix.com |
The company was established in 1997 and is headquartered in Los Gatos, California. It started its subscription-based digital distribution service in 1999,[3] and by 2009 it was offering a collection of 100,000 titles on DVD and had surpassed 10 million subscribers.
On February 25, 2007, Netflix announced its billionth DVD delivery.[4] In April 2011, Netflix announced 23.6 million subscribers in the United States and over 26 million worldwide.[5] By 2011, the total digital revenue for Netflix reached at least $1.5 billion.[6] On October 23, 2012, however, Netflix reported an 88% fall in third-quarter profits.[7] In January 2013, Netflix reported they had added 2 million U.S. customers during the 4th quarter of 2012 with a total of 27.1 million U.S. streaming customers, and 29.4 million total streaming customers. In addition, revenue was up 8% to $945 million for the same period.[8]
As of mid-March 2013, Netflix had 33 million subscribers.[9] That number increased to 36.3 million subscribers (29.2 million in U.S.) in April 2013.[10]
In 2013, Netflix became a "streaming TV network service" that plans to compete with cable television and network television.[10] Netflix hopes to one day revolutionize TV by making television ratings obsolete.[11] On July 18, 2013 Netflix earned the first Primetime Emmy Award nominations for original online only web television for the 65th Primetime Emmy Awards in 2013. Three of its web series, Arrested Development, Hemlock Grove, and House of Cards, earned nominations.[12] Among those nominations were Outstanding Drama Series for House of Cards, marking it the first web series to earn a Primetime Emmy Award nomination for Outstanding Series (comedy or drama).
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