Etflix headquarters, los gatos, california, usa.


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etflix Headquarters, Los Gatos, California, USA. CEO Reed Hastings started Netflix in 1997 after becoming an- gry about paying Blockbuster Video $40 for a late return of Apollo 13. Hastings and Netflix struck back with flat monthly fees for unlimited DVD rentals, easy delivery and returns via prepaid postage envelopes, and no late fees, which let customers keep DVDs as long as they wanted. Blockbuster eventually went out of business. When high-speed internet reached consumers’ homes and became fast enough for video, Netflix became an internet streaming service just like it always planned – after all, it’s not named DVDFlix.At first, Netflix grew because it paid huge amounts to license movies and popular network TV shows (ABC, CBS, and NBC) like Friends and The Office. As it gained subscribers, it reinvested profits into developing its own hit shows, like Stranger Things and The Crown. Stranger Things executive producer Shawn Levy who signed an exclusive agree- ment with Netflix, said,

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