Netflix, Inc., is an online site that offers tons of TV shows and movies for its subscribers. Subscribers pay for their subscription and they watch the shows and movies. In simple words, Netflix is a video rental and distribution company.
It was founded in 1997 by American entrepreneurs Reed Hastings and Marc Randolph in Los Gatos, California. And it began to offer online subscription service through internet in 1999. At that time, subscribers chose TV shows and movies from its tens of thousands of catalog. And the shows and movies were mailed to them in form of DVDs.
In 2007, the site added another option to watch them at homes though streaming service of the shows and movies along with mailing DVDs. But in 2010, it introduced streaming-only plans to the subscribers with no DVDs. At the same year, it expanded to many countries. In 2016, it also entered in Asian countries.
Many people who subscribed to Netflix used to say they were stopped buying DVDs or paying money for shows since they subscribed to Netflix.