In 2012, Netflix was ranked as the 8th most trusted brand globally by Morning Consult. On July 10, 2020, Netflix became the largest entertainment/media company by market capitalization. The company is ranked 164th in the Fortune 500 and 284th in the Forbes Global 2000. As of December 31, 2020, the company had $16 billion in long-term debt, Netflix released an estimated 126 original series and movies in 2016, more than any other network or cable channel. Since 2012, Netflix has taken a more active role as a producer and distributor for both film and television series, and to that end, offers a variety of “Netflix Original” content through its online library.Īs of January 2016, Netflix services were operating in over 190 countries.

Netflix entered the content-production industry in 2013, launching its first series, House of Cards. The company expanded internationally in 2010 with streaming available in Canada, followed by Latin America and the Caribbean.

Netflix expanded its business in 2007 with the introduction of streaming media while maintaining the DVD and Blu-ray rental business. Netflix’s initial business model included DVD sales and rental by mail, but Hastings dropped the sale about a year after founding the company, to focus on the initial DVD rental business. On June 3, 2021, Netflix announced Mumbai, India, the home of the first live action post-production facility globally, to be unveiled in 2022. Netflix is a member of the Motion Picture Association (MPA), which produces and distributes content from countries around the world. The company has offices in Canada, France, Brazil, the Netherlands, India, Japan, South Korea and the United Kingdom. It is available worldwide except in mainland China (due to local sanctions), Syria, North Korea and Crimea (due to US sanctions).

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