Profile: Netflix Inc (NFLX.O)
7 Mar 2014
Netflix, Inc., incorporated on August 29, 1997, is an Internet television network with more than 33 million members in over 40 countries. In the United States, the Company’s subscribers can receive standard definition digital versatile disc (DVDs), and their high definition successor, Blu-ray discs (collectively DVD), delivered quickly to their homes. The Company operates in three segments: Domestic streaming, International streaming and Domestic DVD. Domestic and International streaming segments derive revenues from monthly subscription services consisting solely of streaming content. The Domestic DVD segment derives revenues from monthly subscription services consisting solely of DVD-by-mail.
The Company’s Domestic streaming segment provides its more than 27 million members with access to a range of exclusive, non-exclusive and original content delivered over the Internet to a host of connected devices, including personal computer (PCs) and Macs, game consoles, such as playstations, smart TVs, Blu-ray players, home theater systems, Internet video players, such as Apple TV and Roku, digital video recorders, and mobile devices. The Company focuses grow its streaming subscription business domestically and internationally.
The Company competes with Time Warner, Comcast Corporation, DirecTV, LLC, EchoStar Corporation, AT&T Inc., Verizon, Google, Amazon, LoveFilm, Wal-Mart, Blockbuster LLC, Redbox, and Best Buy.
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