Loses Starz Entertainment partnership
After a significant dip in Netflix stock, Starz Entertainment announces that they would not be renewing their deal with Netflix. The agreement was strictly for streaming movies, so Netflix DVD rentals were not affected. Starz’s decision means Netflix customers will no longer have access to movie titles from Disney or Sony Pictures, as Starz was the sole distributor of the films.
Partners with Starz Entertainment
Netflix partners with Starz Entertainment to bring more than 2,500 titles available to watch instantly on the Netflix site, a feature called Starz Play.
The coupling of Starz Play with our growing library of streaming content is an important step forward for both companies and for consumer choice
Initial public offering
Netflix initiates an initial public offering, selling 5.5 million shares of its common stock at $15 per share. It is traded under the symbol “NFLX”.
Monthly subscriptions start
0 CommentsNetflix offers a monthly subscription to customers. For a flat monthly rate, customers can rent films without due dates, late fees, shipping and handling fees, or per title rental fees.
Business start
Marc Randolph and Reed Hastings found and launch the Netflix website after Hastings was outraged at a $40 overdue fee when he tried returning Apollo 13 to a local video rental store. Originally, Netflix was created with 30 employees and only 940 titles for rent at 50¢ a piece.