Netflix, Inc is a leading over-the-top (OTT) media service platform and production company.
The media production firm primarily provides digital content through subscription-based online streaming services from a library of movies and television series available on the internet. In addition, it offers DVD-by-mail services in the United States.
The company is engaged in producing and creating in-house content like movies, television series, animated content, etc.
Netflix operates only under one segment, but its operations can be classified as follows:
• International Streaming
• Domestic DVD
• Domestic Streaming
The company provides subscription-based streaming services of digital content and manages the membership fees for its services in the United States under the domestic streaming segment.
The International Streaming division focuses on providing entertainment services to all international customers outside the United States and manages membership fees derived from subscriptions.
The company claims to have been providing DVDs via mail since its inception.
The California-based company claims that it has set no limitation on watching or accessing the entertainment content, i.e. the subscribed users can spend their time watching as much content as they want anywhere and anytime, provided they have an internet-connected device.
Moreover, the OTT platform allows the eligible users to play, pause or resume videos/movies from where they left earlier and without commercial advertisements.
The company was incorporated in 1997 and went public in 2002.
The media firm claims to have more than 205 million subscribers globally, from which more than 70 million users are from the United States and Canada alone as of April 2021.
The California-based company has operations globally except in few countries like North Korea, Syria, China, and Crimea.
Netflix operates through regional offices in many countries, including the United Kingdom, Japan, South Korea, India, Netherlands, France, Canada, etc.
The entertainment company's stocks are listed on the NASDAQ Global Select Market under the symbol 'NFLX'.
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