|Exchange:||NASDAQ national market|
|Netflix, Inc., was incorporated in Delaware in August 1997 and completed its initial public offering in May 2002. The Company is the world’s Internet television network with more than 33 million members in over 40 countries enjoying one billion hours of TV shows and movies per month. In the United States, subscribers can receive DVDs delivered quickly to their homes. The Company is organized into three operating segments, Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment provides its more than 27 million members with access to a broad range of exclusive, non-exclusive and original content delivered over the Internet to a host of connected devices - including PCs and Macs, game consoles such as PlayStations, smart TVs, Blu-ray players, home theater systems, Internet video players such as Apple TV and Roku, digital video recorders, and mobile devices. The large numbers of pay television and broadband households outside the U.S. provide its International streaming segment with a large long-term growth opportunity through significantly expanding its base of potential subscribers. Its Domestic DVD business launched in 1999 with DVD-by-mail subscription plans. The Company’s main competitors include Multichannel video programming distributors with free TV Everywhere applications such as HBO GO or Showtime Anytime in the U.S. and SkyGo or BBC iPlayer in the U.K., and other on demand content from cable providers, such as Time Warner and Comcast; direct broadcast satellite providers, such as DIRECTV and Echostar; and telecommunication providers such as AT&T and Verizon; ‘Over-the-top’ Internet movie and TV content providers, such as, Amazon.com's Prime Video, Hulu.com and Hulu Plus, LOVEFiLM, Clarovideo, Viaplay, and Google's YouTube; Transactional content providers, such as Apple's iTunes, Amazon's Instant Video, GooglePlay, and Vudu; DVD rental outlets and kiosk services, such as Blockbuster and Redbox; Entertainment video retailers, such as Best Buy, Wal-Mart and Amazon.com.|
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