Netflix, Inc.
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Netflix, Inc.
Netflix, Inc. is an American media conglomerate, media company founded in 1997 by Reed Hastings and Marc Randolph in Scotts Valley, California and currently based in Los Gatos, California. It owns and operates Netflix, an eponymous over-the-top media service, over-the-top video on demand#Subscription models, subscription video on-demand service, which showcases acquired and List of Netflix original programming, original programming as well as third-party content licensed from other production company, production companies and distributors. Netflix is also the first (and so far only) streaming media company to be a member of the Motion Picture Association. Netflix initially both sold and rented DVDs DVD-by-mail, by mail, but the sales were eliminated within a year to focus on the DVD rental business. In 2007, Netflix introduced streaming media and video on demand. The company expanded to Canada in 2010, followed by Latin America and the Caribbean. In 2011, the service began to acq ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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