 |
|
|
Address Stock Symbol: NFLX Profile Netflix is a pioneer in the online movie rental business which it launched in 1999. Netflix has become the world's largest online DVD rental service with more than 6.3 million subscribers. Customers receive DVDs by mail from a list they have created online and return the DVDs anytime by first-class mail. The company offers a variety of subscription plans, starting at $4.99 a month. There are no due dates, no late fees and no shipping fees. DVDs are delivered for free by the US Postal Service from 42 regional shipping centers located throughout the United States. Netflix can reach more than 90 percent of its subscribers with generally one business-day delivery. On average, Netflix ships 1.575 million DVDs each day. Netflix was launched on September 23, 1999 from a small warehouse in San Jose. The company only had 2,000 movies to offer. Today it has more than 75,000 titles available. The company delivered its 100,000th DVD in October 1999, its one millionth the following month and its 100 millionth in May 2003. Over the years, the service's five most frequently rented movies have been, in order, "Crash," "Mr. and Mrs. Smith," "Walk the Line," "Hotel Rwanda," and "Million Dollar Baby." In February 2007, Netflix reported shipping its one billionth DVD to a subscriber in Helotes, TX. The movie was "Babel" and shipped from Houston. Netflix offers the following pricing levels: 1 at-a-time (2 a month) - just $4.99 a
month © Copyright SVDaily.com |
|