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Netflix an American Media Provider
Netflix.com Inc. is an American media service provider and production company headquartered in Los Gatos, California. Coates Valley was established. The company’s main business is a subscription-based streaming service that can stream a library of movies and TV shows online, including movies and TV shows produced in-house.
As of April 2020, Netflix had more than 182 million paid subscriptions worldwide, including 69 million in the United States. It is available worldwide, except for the following regions: Mainland China (due to local restrictions); Syria, North Korea, and Crimea (due to US sanctions). The company also has offices in Brazil, the Netherlands, India, Japan and South Korea. Netflix is a member of the American Film Association (MPA).
Netflix’s initial business model included DVD sales and mail leasing, but Hastings gave up sales about a year after the company focused on the original DVD rental business. Netflix expanded its business by introducing streaming media in 2010, while retaining DVD and Blu-ray rental services. The company expanded internationally in 2010, first providing streaming services in Canada, followed by Latin America and the Caribbean. Netflix entered the content production industry in 2013 and launched its first series, House of Cards.
Since 2012, Netflix has played a more active role in the producers and distributors of movies and TV series. To this end, it has provided various “Netflix Original” content through its online library. As of January 2016, the Netflix service has been operating in more than 190 countries.
Netflix released about 126 original series and movies in 2016, more than any other network or cable channel. Their efforts to produce new content, acquire rights to more content, and diversify their operations in 190 countries have led the company to bear billions of dollars of debt: As of September 2017, the total debt was $ 21.9 billion, high It was US $ 16.8 billion last year. Among them, $ 6.5 billion is long-term debt, and the rest is long-term debt. In October 2018, Netflix announced that it will raise another $ 2 billion in debt to fund new content.
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