How Netflix Changed TV

Summary

Netflix achieved a significant milestone in 2017, reaching 100 million subscribers and becoming the leading streaming service worldwide. Founded in 1997 as a DVD rental service, it revolutionized TV viewing with its 'binge-watching' model. Facing content ownership issues, Netflix transitioned to creating its own shows, starting with the Emmy-nominated 'House of Cards'. By 2016, it was producing over 126 original programs annually, winning numerous awards. As competition grows, Netflix plans to expand original content and explore live TV, solidifying its impact on the future of television.

Takeaways

• 🌟 Netflix reached 100 million subscribers in April 2017, surpassing other streaming networks like Amazon Prime and Hulu.
• 🌍 Available in over 190 countries, Netflix has a global reach with half of its subscribers based in the U.S.
• 🎬 Founded in 1997, Netflix started as a mail-order DVD service before transitioning to internet video-on-demand.
• 📺 They pioneered 'binge-watching' by allowing viewers to consume entire seasons of shows at once.
• 📈 Streaming technology advancements and the popularity of handheld devices contributed to Netflix's growth.
• 📚 Initially, Netflix faced challenges as it did not own the content it streamed, leading to reliance on third-party rights.
• 🏆 Netflix's first original series, 'House of Cards,' made history by receiving an Emmy nomination as an online-only series.
• 🎥 The platform has since produced a wide range of original content, winning numerous awards, including an Oscar, 55 Emmys, and 2 Golden Globes.
• 🔄 As competition grows, Netflix plans to double down on original programming and expand into native-language and unscripted content.
• 🚀 Looking ahead, Netflix might venture into live TV, covering events like concerts and sports.

Q & A

When did Netflix reach a milestone of 100 million subscribers?

Netflix reached the milestone of 100 million subscribers in April 2017.

Which streaming networks does Netflix surpass in terms of subscribers?

Netflix surpasses Amazon Prime and Hulu in terms of the number of subscribers.

In how many countries is Netflix currently available?

Netflix is currently available in over 190 countries.

What percentage of Netflix's subscribers are from the U.S.?

Half of Netflix's subscribers are from the U.S.

Who founded Netflix and where was it founded?

Netflix was founded by Reed Hastings and Marc Randolph in Scotts Valley, California.

What was Netflix's initial business model?

Netflix initially operated as a mail-order DVD service, delivering DVDs directly to customers' doors.

How did Netflix revolutionize the way people watch TV?

Netflix introduced a new model of watching TV that allowed viewers to consume an entire season of a show in one go, known as 'binge watching'.

Which show is an example of being saved from cancellation due to Netflix's binge-watching model?

Breaking Bad is an example of a show that managed to avoid cancellation thanks to Netflix's binge-watching model.

What was the main issue with Netflix's reliance on content from other networks?

The main issue was that none of the content belonged to Netflix, meaning they had to pay the original network for each show and had no guarantee of keeping the rights forever.

What was Netflix's first original show and when was it launched?

Netflix's first original show was House of Cards, which was launched in February 2013.

What recognition did House of Cards receive that was significant for an online-only television series?

House of Cards became the first online-only television series to receive an Emmy nomination.

How many original programs was Netflix producing by 2016?

By 2016, Netflix was producing around 126 original programs a year.

What awards has Netflix won for its original content?

Netflix has won 147 awards for its original content, including 1 Oscar, 55 Emmys, and 2 Golden Globes.

What is Netflix's strategy to stand out among other on-demand services and networks?

Netflix plans to more than double its original programming by the end of 2017, expanding native-language and unscripted content, and may venture into live TV in the future.

How has Netflix changed the way we watch TV according to the script?

Netflix has changed the way we watch TV by introducing the concept of binge-watching, producing original content, and potentially expanding into live TV.