At the beginning, the founders of Netflix ran into a financial storm and approached then CEO of Blockbuster requesting for investment in Netflix. The Blockbuster boss told them, “this idea won’t work, not today, not tomorrow.” Disappointed, Hastings and his co founder Randolph walked away.
Where is Blockbuster today?
1988: 400 stores
1998: 4,195 stores
2008: 4,855 stores
2018: 1 store.
Where is Netflix today?
Netflix subscribers in Q3:
2018: 137.1 million
2017: 109.3 million
2016: 86.7 million
2015: 69.2 million
2014: 53.1 million
2013: 40.3 million
2012: 29.4 million
2011: 22.9 million
2010: 16.9 million
2009: 11.1 million
2008: 8.7 million
2007: 7.0 million
2006: 5.7 million
Netflix content budget:
2022: $15.9 billion*
2021: $14.1 billion*
2020: $12.1 billion*
2019: $10.1 billion*
2018: $8 billion
2017: $6 billion
2016: $5 billion
2015: $4 billion
2014: $3 billion
2013: $2 billion
(*analyst estimates, Goldman Sachs)
Founders Net Worth.
Reed Hastings: $4 billion
Marc Randolph: 1.4 billion