On this Day:
In 2018, Netflix became the largest digital media and entertainment company in the world, worth $100 billion.
Netflix, Inc. is an American subscription streaming service and production company. Launched on August 29, 1997, it offers a library of films and television series through distribution deals as well as its own productions, known as Netflix Originals.
As of December 31, 2021, Netflix had over 221.8 million subscribers worldwide, including 75.2 million in the United States and Canada, 74.0 million in Europe, the Middle East and Africa, 39.9 million in Latin America and 32.7 million in Asia-Pacific. It is available worldwide aside from Mainland China (due to local restrictions), Syria, North Korea and Crimea (due to US sanctions). Netflix has played a prominent role in independent film distribution, and is a member of the Motion Picture Association (MPA).
Netflix can be accessed via internet browser on computers, or via application software installed on smart TVs, set-top boxes connected to televisions, tablet computers, smartphones, digital media players, Blu-ray Disc players, video game consoles and virtual reality headsets on the list of Netflix-compatible devices. It is available in 4K resolution. In the United States, the company provides DVD and Blu-ray rentals delivered individually via the United States Postal Service from regional warehouses.
Netflix was founded in 1997 by Reed Hastings and Marc Randolph in Scotts Valley, California. Netflix initially both sold and rented DVDs by mail, but the sales were eliminated within a year to focus on the DVD rental business. In 2007, Netflix introduced streaming media and video on demand. The company expanded to Canada in 2010, followed by Latin America and the Caribbean. Netflix entered the content production industry in 2013, debuting its first series House of Cards. In January 2016, it expanded to an additional 130 countries and then operated in 190 countries.
The company is ranked 115th on the Fortune 500 and 219th on the Forbes Global 2000. It is the largest entertainment/media company by market capitalization. In 2021, Netflix was ranked as the eighth-most trusted brand globally by Morning Consult. During the 2010s, Netflix was the top-performing stock in the S&P 500 stock market index, with a total return of 3,693%.
Netflix is headquartered in Los Gatos, California, in Santa Clara County, with the two CEOs, Hastings and Ted Sarandos, split between Los Gatos and Los Angeles, respectively. It also operates international offices in Asia, Europe and Latin America including in Canada, France, Brazil, Netherlands, India, Japan, South Korea and the United Kingdom. The company has production hubs in Los Angeles, Albuquerque, London, Madrid, Vancouver and Toronto. Compared to other distributors, Netflix pays more for TV shows up front, but keeps more “upside” (i.e. future revenue opportunities from possible syndication, merchandising, etc.) on big hits.
On July 18, 2013, Netflix earned the first Primetime Emmy Award nominations for original online-only web television programs at the 65th Primetime Emmy Awards. Three of its web series, Arrested Development, Hemlock Grove and House of Cards, earned a combined 14 nominations (nine for House of Cards, three for Arrested Development and two for Hemlock Grove). The House of Cards episode “Chapter 1” received four nominations for both the 65th Primetime Emmy Awards and 65th Primetime Creative Arts Emmy Awards, becoming the first webisode of a television series to receive a major Primetime Emmy Award nomination: David Fincher was nominated in the category of Outstanding Directing for a Drama Series. “Chapter 1” joined Arrested Development’s “Flight of the Phoenix” and Hemlock Grove’s “Children of the Night” as the first webisodes to earn Creative Arts Emmy Award nomination, and with its win for Outstanding Cinematography for a Single-Camera Series, “Chapter 1” became the first webisode to be awarded an Emmy. Fincher’s win for Directing for a Drama Series made the episode the first Primetime Emmy-awarded webisode.
On December 12, 2013, the network earned six nominations for Golden Globe Awards, including four for House of Cards. Among those nominations was Wright for Golden Globe Award for Best Actress – Television Series Drama for her portrayal of Claire Underwood, which she won at the 71st Golden Globe Awards on January 12. With the accolade, Wright became the first actress to win a Golden Globe for an online-only web television series. It also marked Netflix’ first major acting award. House of Cards and Orange is the New Black also won Peabody Awards in 2013.
On July 10, 2014, Netflix received 31 Emmy nominations. Among other nominations, House of Cards received nominations for Outstanding Drama Series, Outstanding Directing in a Drama Series and Outstanding Writing in a Drama Series. Kevin Spacey and Robin Wright were nominated for Outstanding Lead Actor and Outstanding Lead Actress in a Drama Series. Orange is the New Black was nominated in the comedy categories, earning nominations for Outstanding Comedy Series, Outstanding Writing for a Comedy Series and Outstanding Directing for a Comedy Series. Taylor Schilling, Kate Mulgrew, and Uzo Aduba were respectively nominated for Outstanding Lead Actress in a Comedy Series, Outstanding Supporting Actress in a Comedy Series and Outstanding Guest Actress in a Comedy Series (the latter was for Aduba’s recurring role in season one, as she was promoted to series regular for the show’s second season).
Netflix got the largest share of 2016 Emmy award nominations, with 16 major nominations. However, streaming shows only got 24 nominations out of a total of 139, falling significantly behind cable. The 16 Netflix nominees were: House of Cards with Kevin Spacey, A Very Murray Christmas with Bill Murray, Unbreakable Kimmy Schmidt, Master of None, and Bloodline.
Stranger Things received 19 nominations at the 2017 Primetime Emmy Awards, while The Crown received 13 nominations.
In December 2017, Netflix was awarded PETA’s Company of the Year for promoting animal rights movies and documentaries like Forks Over Knives and What the Health.
At the 90th Academy Awards, held on March 4, 2018, Netflix won the Oscar for Best Documentary Feature for the film Icarus. During his remarks backstage, director and writer Bryan Fogel remarked that Netflix had “single-handedly changed the documentary world”. Icarus had its premiere at the 2017 Sundance Film Festival and was bought by Netflix for $5 million, one of the biggest deals ever for a non-fiction film. Netflix became the most nominated network at the 2018 Primetime and Creative Arts Emmy Awards with 112 nominations, therefore breaking HBO’s 17-years record as most nominated network at the Emmys, which received 108 nominations.
On January 22, 2019, Netflix scored 15 nominations for the 91st Academy Awards, including Academy Award for Best Picture for Alfonso Cuarón’s Roma, which was nominated for 10 awards. The 15 nominations equal the total nominations Netflix had received in previous years. Its increased presence in the Academy Awards has led filmmakers such as Steven Spielberg to speak out against the nomination of streaming content. Netflix acquired Grauman’s Egyptian Theatre to host events and screen its films and series. However, there are no plans to roll out full theatrical releases there.
In 2020, Netflix received 20 TV nominations and 22 film nominations at the 78th Golden Globe Awards. It secured three out of the five nominations for best drama TV series for The Crown, Ozark and Ratched and four of the five nominations for best actress in a TV series: Olivia Colman, Emma Corrin, Laura Linney and Sarah Paulson. Netflix received 30 nominations at the 2021 Screen Actors Guild Awards, more than any other company, where it won 7 awards including best motion picture for The Trial of the Chicago 7 and best TV drama for The Crown.
It also received 35 nominations at the 93rd Academy Awards, where it won 7 awards (per Wikipedia).
First, a Story:
What do they watch in Russia? Nyetflix.
Second, a Song:
Techgumbo states: “We are a technology channel dedicated to covering a variety of topics in several tech categories. We also do tutorials, reviews and best of lists covering Windows 10, Android, iOS, Streaming Devices, the latest in computing, technology software and hardware.”
Curtesy of YouTube.com, here are TechGumbo’s list of: “THE BEST NETFLIX TV SHOWS… Scrolling through the Netflix guide deciding what TV series are worth your time to watch can be overwhelming, especially if you’re brand new to the service. If you’re just looking for the absolute best, we’ll countdown our Top 10 favorite TV Series that you can watch right now on Netflix.” This clip includes their original programming, called “Netflix Originals” and they also include TV shows that were broadcast elsewhere first before landing on Netflix.” I hope you enjoy this!
Thought for the Day:
“Streaming TV shows, movies, and other types of video over the Internet to all manner of devices, once a fringe habit, is now a squarely mainstream practice. Even people still paying for cable or satellite service often also have Netflix or Hulu accounts.” – Walt Mossberg
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Dave & Colleen
© 2021 David J. Bilinsky and Colleen E. Bilinsky