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Definition: Netflix


The world's largest video streaming service from Netflix, Inc., Los Gatos, CA (www.netflix.com). Founded in 1997 by Marc Randolph and Reed Hastings, Netflix started out as a DVD rental company. Within 10 years, it shipped its billionth DVD. The company still offers DVDs and Blu-ray discs by mail along with a postage-paid return envelope. However, at the end of 2020, Netflix could claim nearly 200 million streaming subscribers worldwide.

Netflix Hardware
In 2008, Roku was the first company to offer a dedicated Netflix set-top box that connects the TV to the home network for video streaming. Subsequently, Netflix streaming has been built into other set-top boxes such as Apple TV, Roku and Fire TV, as well as Blu-ray players and smart TVs. Since the demise of physical discs was long predicted, Netflix ("Internet movies") was a fitting name for the service. See Hulu, VUDU, Apple TV, Roku, Fire TV, Android TV and smart TV.