Markus RandolphCo-founder and first CEO of Netflix Inc. NFLXTo mark the streaming giant’s 25th anniversary, he shared some of his “favorite” memories.
What happened: Randolph has gone back in time to share some of the highlights of Netflix’s journey as one of the world’s most popular streaming giants – and it might add a dash of thrill and encouragement to aspiring entrepreneurs.
On Thursday, he recalled the time when he and Reed Hastings flew to Seattle “to talk about selling Netflix to Amazon” — imagine if that had happened.
He said the “meeting went well” and Amazon.com, Inc. AMZN founder jeff bezos “offered a $15 million prize” — not a “bad payday for less than 12 months of work,” but they were unwilling to “give the keys to anyone else.”
Randolph concluded the post by saying the meeting was not a sales trip but a “commitment ceremony.”
He also recounted the time they were trying to sell Netflix “in the depths of the dot-com crash” in 2000 blockbuster – The Film distributor that went bankrupt in 2010 – for 50 million dollars. “They laughed us out of the room.”
While Netflix started in 1997, the company launched NetFlix.com on April 14, 1998.
Why it matters: An analyst at Needham weighed on the Competitive dynamics among the biggest players in the streaming segment, proverb Those of the Walt Disney Company DIS Disney and Amazon Prime Video hit both Warner Bros. Discovery, Inc. WBD and Netflix. She attributed it to Disney and Amazon’s better OTT strategy, tactics and deeper pockets.
According to the Global SVOD Predictions 2022Netflix will add 31 million subscribers between 2021 and 2027, despite losing four million subscribers in North America.
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