I liked learning more about Netflix which was what Chris did his presentation on. Netflix was created by Reed Hastings and Marc Randolph in 1997. What I found super interesting is the reason why these two created Netflix in the first place. Reed was fined a hefty fee for not returning his VHS tape rental in on time, and it ended up sparking the vision to create a monthly subscription for people to rent movie dvd's. It was not short after when They decided that their idea was going to be a big hit, but they needed to figure out a way to create some sort of an online streaming algorithm that could allow customers to do the same exact thing, expect instead of renting discs they would rent the online version. This would lift their business up drastically because not only would it be incredibly convenient for the producer and consumer, but it would create a whole new world of possibilities.
What I find interesting is that this innovation was formed out of a negative experience that Reed experienced personally. It seems like a lot of inventions step from a negative manor of some sort, kind of like how Samual Morse created Morse code because of his inability to communicate fast that ended up leading the to death of his wife. Now obviously a VHS fee is much smaller than the death of a human being, but you get the point.
In 2010, Netflix opened their online streaming platform and in 2016, Netflix was able to go global and have their platform streamed in nearly 190 different countries. In 2021 Netflix has had over 200 million subscribers. Going back to 2013 was when Netflix started creating their own content as we all know to be "Netflix Originals" and there are over 2,400 Netflix originals up to date.
https://www.britannica.com/biography/Reed-Hastings
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