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Related: About this forumSubscribing to Netflix in 1995 - Flashback to beginnings
Interesting video - note the time frames - weeks to subscribe, days to download movies -
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Subscribing to Netflix in 1995 - Flashback to beginnings (Original Post)
packman
Mar 2018
OP
TheDebbieDee
(11,119 posts)1. NetFlix has been around since 1995?
I only remembering first hearing about them in 2001 or 2002 and only in regard to their business model challenging that of the BIG video rental chain whose name I can no longer remember...
JenniferJuniper
(4,507 posts)2. I remember trying to download a short news clip
circa 1999 and muttering to myself that this streaming stuff will never work.
Hassin Bin Sober
(26,315 posts)3. Hmm
https://en.m.wikipedia.org/wiki/Netflix
Netflix was founded on August 29, 1997, in Scotts Valley, California, by Marc Randolph[20][21] and Reed Hastings. Randolph worked as a marketing director for Hastings' company, Pure Atria.[22] Randolph was a co-founder of MicroWarehouse, a computer mail order company, and was later employed by Borland International as vice president of marketing. Hastings, a computer scientist and mathematician, sold Pure Atria to Rational Software Corporation in 1997 for $700 million in what was then the richest acquisition in Silicon Valley history. They came up with the idea for Netflix while commuting between their homes in Santa Cruz and Pure Atria's headquarters in Sunnyvale while waiting for government regulators to approve the merger,[23] although Hasting has given several different explanations for how the idea was created.[24]
Hastings invested $2.5 million in startup cash for Netflix.[25][10] Randolph admired the fledgling e-commerce company Amazon and wanted to find a large category of portable items to sell over the internet using a similar model. They considered and rejected VHS tapes as too expensive to stock and too delicate to ship. When they heard about DVDs, which was first introduced in the United States on March 31, 1997,[26] they tested the concept of selling or renting DVDs by mail, by mailing a compact disc to Hastings' house in Santa Cruz. When the disc arrived intact, they decided to take on the $16 billion home video sales and rental industry.[23] Hastings is often quoted saying that he decided to start Netflix after being fined $40 at a Blockbuster store for being late to return a copy of Apollo 13 but this is an apocryphal story that he and Randolph designed to explain the company's business model and motivation.[23]
Netflix was launched on April 14, 1998, as the world's first online DVD rental store,[23][27] with only 30 employees and 925 titles available, which was almost the entire catalogue of DVDs in print at the time,[28] through the pay-per-rent model with rates and due dates that were similar to its bricks-and-mortar rival, Blockbuster.[29][23]
Hastings invested $2.5 million in startup cash for Netflix.[25][10] Randolph admired the fledgling e-commerce company Amazon and wanted to find a large category of portable items to sell over the internet using a similar model. They considered and rejected VHS tapes as too expensive to stock and too delicate to ship. When they heard about DVDs, which was first introduced in the United States on March 31, 1997,[26] they tested the concept of selling or renting DVDs by mail, by mailing a compact disc to Hastings' house in Santa Cruz. When the disc arrived intact, they decided to take on the $16 billion home video sales and rental industry.[23] Hastings is often quoted saying that he decided to start Netflix after being fined $40 at a Blockbuster store for being late to return a copy of Apollo 13 but this is an apocryphal story that he and Randolph designed to explain the company's business model and motivation.[23]
Netflix was launched on April 14, 1998, as the world's first online DVD rental store,[23][27] with only 30 employees and 925 titles available, which was almost the entire catalogue of DVDs in print at the time,[28] through the pay-per-rent model with rates and due dates that were similar to its bricks-and-mortar rival, Blockbuster.[29][23]
packman
(16,296 posts)4. Hmm - seems the video is wrong on the date
Netflix IS celebrating it's 20th anniversary , so I do believe you are right. This is the source of the video:
https://www.huffingtonpost.com/entry/best-netflix-shows-stream_us_5ab287ace4b0decad0462ed6
Noticed on the bottom of video "This website is under construction" - maybe a test-run? Probably just a mistake on the posters part.
Hassin Bin Sober
(26,315 posts)5. I'm thinking maybe a "what if"?
Theres now a lengthy imagining of what Netflixs streaming service would have looked like in the 1990s. The below video is both funny and a large hit of nostalgia.
FreepFryer
(7,077 posts)6. Yup. 'tis fiction :)
Response to packman (Original post)
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