Netflix, a major market-cap entertainment company, began in 1997 as a DVD-by-mail business founded by whom?

Netflix began in 1997 as a DVD-by-mail business founded by Reed Hastings and Marc Randolph.

Hastings and Randolph established Netflix on August 29, 1997, in Scotts Valley, California. The company initially explored an online video-rental model, but it became known for mailing DVDs to customers and later offering subscription plans without traditional late fees.

Netflix’s DVD service helped it build a large customer base and a detailed understanding of viewing preferences. In 2007, the company introduced streaming, gradually shifting its focus from physical discs to internet-delivered entertainment.

A common mix-up is assuming Netflix began as a streaming platform. Streaming became central years after the company’s founding. Netflix also moved into producing original films and series, changing its role from rental company to global entertainment studio and distributor.