With more than 25 million subscribers and founded in 1997, Netflix is an American provider of on-demand Internet streaming media in the USA, Canada and Latin America. The subscription-based movie and television show rental service has its headquarters in Los Gatos, California.
According to Wikipedia, Hastings ( one of the founder member) was inspired to start the company after being charged late fees for returning a rented copy of Appolo 13 after the due date. The Netflix website opened in April 1998 with a rather traditional pay-per-view business model. When the online streaming video service started (Watch Instantly), customers were charged one dollar for every hour of media they streamed from the website. For example, a plan of 16,99$ offered 17 hours of streaming media.
As things evolved, Netflix allowed people for monthly subscriptions starting at 7.99$/month to watch unlimited movies and TV shows by streaming directly to their homes on a large base of supported devices, like Microsoft Xbox 360,Sony PS3 console, Nintendo Wi, Internet connected TVs, Apple, Google TV, an array of Blu Ray players,Apple Iphone, Ipad and more.
At the moment Nexflix is available only in the USA, Canada, Caribbean, Mexico, Central and South America.
Although Netflix plans to extend abroad those who want to use Netflix but live outside the territories mentioned above have little choice at the moment.
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