VERY INTERESTING: NETFLIX

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Amazing Netflix Facts You Never Knew

While the number of streaming services available seems to be ever-expanding, the first major player, Netflix, continues to rule them all. The streaming giant still serves more customers than other platforms, despite customer loyalty to other companies like Disney or Hulu, and stiff competition from Amazon Prime.

But Netflix has been coming under fire from users recently for things like rising monthly costs and a move to crackdown on users sharing passwords.

Amid criticism, the company seems committed to global streaming domination. As the next phase of Netflix unfolds, here are 5 fascinating (and little-known) facts about the company.

1. Blockbuster turned down a deal to buy Netflix

More than 20 years ago, when people were still heading out to the local video store when they wanted to watch a new movie, Blockbuster — the reigning giant when it came to video and DVD rentals — turned down a deal to buy Netflix. At the time, Netflix was just a small DVD rental company. And while business was picking up, the founders were still eager to sell.

Newsweek reports that in 2000, Blockbuster was offered a deal to purchase Netflix for $50 million — and turned it down. As the world switched to streaming, Blockbuster’s business essentially came to a halt. There’s only one location of the once-massive video chain left today, a store in Bend, Oregon.

2. The company had several all-time ‘most watched’ hits in 2022

In a letter to shareholders in October, Netflix noted that they had several of their all-time most watched films and TV series in the third quarter of 2022. These included three series — Monster: The Jeffrey Dahmer Story, Stranger Things season four, and Extraordinary Attorney Woo — plus two films, The Gray Man and Purple Hearts.

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3. Netflix accounts for 7.6% of TV time in the U.S.

Netflix’s October letter also noted that the streaming platform makes up more “TV time” among American viewers than any of its competitors. In fact, users in the U.S. spend 7.6% of the time they are watching TV streaming on Netflix. According to the letter, this is 2.6 times the amount of time people spend streaming on Amazon and 1.4 times the amount they spend streaming on Disney + Hulu.

4. The company vowed to stay committed to bingeable content

There was some murmuring online about the sustainability of the streaming model Netflix has turned into the norm, but the company vowed to stick to it in their letter to shareholders. The letter said, “Our bingeable release model helps drive substantial engagement, especially for newer titles.”

They attributed the success of their recent true-crime series Monster: The Jeffrey Dahmer Story and 2021’s smash-hit Korean drama Squid Game to the bingeable model.

5. ‘Squid Game’ is still the company’s most watched series ever

Speaking of Squid Game, the hit series is still Netflix’s most watched TV show ever. Users have spent a whopping 1.65 billion hours watching the thriller series that told the story of participants engaging in a series of deadly games for the ultimate prize of getting relieved of their crippling debts.

The series also garnered Netflix six Emmy awards (the first foreign-language title to win one), including for directing, production design, and for Lee Jung-jae as outstanding lead actor.

And as always have a chilled day from the Viking