The Rise of Netflix

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In this episode of the Useless Knowledge Show, Clinton Woods talks about the journey that Netflix has made since coming into existence in 1997. He describes the financial and expansion milestones that the media company has made over the years.

Listen in to learn how Netflix’s stock price per share rose from $15 in 2002 when it decided to go public to $240 in just 7 years. You will also learn how it experienced stable growth even after losing 75 percent of its value in 2011.

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What you will learn:

• The inception of Netflix and making a name in the market.

• Going from a DVD mail rental service to on-demand content through Sony partnership.

• Going public in 2002.

• Technological differences from back then to now.

• The Netflix explosion in 2010 due to major partnerships across digital platforms.

• Expanding to international markets through digital platforms that saw Netflix raise its stock price per share from $29 to $75 and $240 in early 2011.

• The huge mistake that cost Netflix over 800,000 subscribers and 75 percent of its value.

• Recovering with stable growth in the years that followed.

• Losing content from providers and the decision to produce their own original content.

• Taking the risk of borrowing money through junk bonds for more original content creation to keep the audience.

• What are junk bonds and how does Netflix benefit from them?

• Is Netflix going to go away?