Netflix, Inc.
News and overview for Netflix, Inc.
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Company Overview
| Company: | Netflix, Inc. |
|---|---|
| Industry: | Music, Video, Book & Entertainment Retail |
| Website: | http://www.netflix.com |
In a blend of technologies from multiple eras, Netflix steers couch potatoes away from the video store and straight to the mailbox. Its Web site (Netflix.com) offers DVD rentals (100,000-plus titles) to more than 10 million subscribers for a monthly fee. The movies are delivered to customers the old-fashioned way: through the US Postal Service. Netflix does not charge late fees or have due dates, and the company's service employs user ratings to predict individual preferences and make movie recommendations. Netflix has a network of distribution centers in major US cities. An agreement with TiVo allows TiVo customers with its latest DVR models to tap an online Netflix library of some 12,000 movies and TV shows.
Key Numbers
| Sales in U.S. Dollars (mil.) | 1,364.7 (2008) |
|---|---|
| One-year % Growth in Sales | 13.2 (2008) |
| Net Income in U.S. Dollars (mil.) | 83 (2008) |
| One-year % Growth in Net Income | 24.0 (2008) |
| Number of Employees | 1,644 (2008) |
| One-year % Growth in Number of Employees | -38.4 (2008) |
| Fiscal Year-End | December |