Everything You Did and Didn’t Know About Netflix
Everything You Should Know About Netflix
Most of us are all too familiar with Netflix! We’ve especially become accustomed to it from 2020-2021 as many of us were cooped up inside during the COVID-19 pandemic, particularly during the months of quarantine. Despite Netflix being a technological powerhouse and an extremely successful company, there are still many things that the public might not know. Let us delve into some fun facts about the streaming giant! Prior to getting into these specifics, we will first dive into what Netflix is for those of you who may not be familiar with the streaming service. For those of you that are, you can consider this a bit of a refresher!
Netflix is a universal well-known streaming service that offers a wide array of TV shows, series, movies, and original content. The streaming service is accessible on Smart TVs, streaming devices, smartphones, and tablets that use either iOS or Android.
The company began in 1997, they innovated movie rentals by revamping Blockbuster’s business model and instead allowing their customers to rent DVDs by mail. Instead of charging per DVD rented, they issued a flat monthly fee. Unfortunately, this resulted in the demise of chain movie rental businesses such as BlockBuster, Hollywood Video, etc. By 2005, Netflix acquired the loyalty of 4.2 million rental subscribers. Two years later, in 2007, they announced that they would expand their business model to also allow for TV and Movie streaming directly to PCs.
It wasn’t long until Netflix was made available on other devices such as Xbox, Apple, various television models, smartphones, and tablets. This versatility has enabled Netflix to be easily accessible for households worldwide.
What Can I Watch on Netflix?
Netflix has a variety of shows and movies for people of all ages. There are some that appear to remain constant, while others tend to rotate in and out which results in Netflix sometimes deleting a show or movie unexpectedly.
We’ve listed the top five series that you can watch on Netflix as of April 2022.
Bridgerton: A drama that takes place in the Regency-era. It follows the aristocratic Bridgerton family in the early 19th Century throughout London.
Inventing Anna: Explores how a Russian woman, Sorokin, pretended to be a wealthy German heiress named Anna Delvey, and convinced friends and businesses in New York to give her money to fund her lavish lifestyle.
Ozark: After a money laundering scheme for a Mexican drug cartel goes wrong, financial advisor Marty Byrde suggests setting up a bigger laundering operation in the Lake of the Ozarks region of central Missouri.
You: A dangerously charming, intensely obsessive young man goes to extreme measures to insert himself into the lives of those he is transfixed by.
Stranger Things: Young friends witness supernatural forces and secret government exploits. In their search for answers, they unravel a series of extraordinary mysteries.
How much does Netflix Cost? Are Prices Going up?
The Basic version of Netflix costs $9.99 per month, but it goes up to $15.49 per month for the Standard package and $19.99 per month for Premium which includes Ultra HD.
Where is Netflix Available?
Netflix is available in over 190 countries. Netflix is not yet available in countries like China, Crimea, North Korea, or Syria. Their library varies depending on which country you are watching Netflix from.
Can Netflix Be Shared?
Netflix’s terms of service states that accounts “may not be shared with individuals beyond your household.” Despite this, people still go about sharing their accounts with distant relatives and friends. Their tiered price structure allows users to stream shows and movies on up to four screens simultaneously.
2022 Update: Netflix stated on their website that they always have allowed members of the same households to share Netflix accounts, even enabling separate profiles and multiple streams in both their Standard and Premium plans. Despite being popular, they have created a lot of confusion about when and how Netflix can be shared resulting in people sharing accounts from other households. This hurts their profits and their ability to invest in new TV and films for members.
As of this past year, Netflix has been working on ways for members of different households to safely and securely share accounts with the caveat that they will also have to pay more money for that feature. They are currently testing these features in Chile, Costa Rica, and Peru.
Can Netflix Movies Win Awards?Yes, Netflix movies can be nominated for and win Academy awards. However, the film must have had a seven-day release in a Los Angeles theatre. Several Netflix films have won Academy Awards, such as Icarus for Best Documentary Feature, Roma for Best Cinematography, and Laura Dern for Best Supporting Actress in Marriage Story.
Additionally, Netflix was awarded wo Oscars for Ma Rainey’s Black Bottom and Best Documentary for My Octopus Teacher. They also won craft honors for Mank. **
As of April 2021, The Netflix film, If Anything Happens I Love You won Best Animated Short whereas Two Distant Strangers was awarded in the Live Action Short category.
Can Netflix detect VPNs?
Yes, Netflix can detect IP addresses of the VPN and block them. Due to this, VPNs need to create new servers regularly.
Is Netflix in Debt?
This is one of the most frequently searched questions on search engines so we figured we would help offer some clarity to those of you who might have been wondering about this situation!
Netflix was able to fund large amounts of original content these past few years by turning to debt markets, thanks to historically low interest rates. Therefore, Netflix was able to borrow a lot without incurring excessive interest.
In March 2022, Netflix’s total debt stood at $14.5 billion. However, the company does have around $6 billion in cash to balance that out. Still, the company has billions in short-term content liabilities they must pay.
Why is Netflix losing subscribers in 2022?
Netflix experienced significant growth during the pandemic, thanks to an influx of new subscribers and soaring revenue. Unfortunately, the company’s first quarter report of 2022 revealed its first drop in subscribers this decade. Netflix expected to gain as many as 4 million subscribers but instead lost 200,000. Netflix expects to lose as many as 2 million subscribers in the second quarter due to it’s crack down on password-sharing.
Unfortunately, this had led to some recent lawsuits from stakeholders due the loss of subscribers as well as alleged misinformation being shared with them.
Is Netflix Worth Getting?
Netflix is worth getting if you want a variety of movies and television series that range for people of all ages, as well as having options spanning multiple genres. Furthermore, it will especially come in handy if you don’t have cable TV and lack access to your favorite programs. Being that Netflix is more versatile and affordable, we would say it’s worth the monthly cost.