Nowadays, live broadcast platforms offer wonderful audiovisual content, which are growing and suggesting new alternatives for producers to launch their content on. One of these platforms that has achieved success is Netflix, but do you know how it originated?? ChatGPT tells you about that below.
According to information provided by ChatGPT, Netflix was founded on August 29, 1997 by Reed Hastings and Mark Randolph in Scotts Valley, California, United State.
ChatGPT states that the idea behind Netflix came when Reed Hastings had to pay a fine To delay the return of a Rented movie In a video store.
This is what led him to think about A business model That would allow people Rent movies without penalties and time limits associated with traditional video rental stores.
According to ChatGPT, Netflix initially operated as a mail-in DVD rental service, where subscribers could rent movies online and have DVDs mailed to their home. With the development of online video streaming technology, Netflix has also ventured into online content streaming.
In 2007, Netflix launched its online video streaming servicewhich allowed subscribers to watch movies and TV shows online instead of waiting for a DVD to be delivered in the mail.
The success of Netflix as an online content streaming service has grown rapidly, and in the ensuing years, it has become one of the leading video streaming services in the world.
Netflix has continued to expand its library of original content and diversify its programming to include big-name series and movies.