Vol 2 Chapter 649: The glorious process, the villains haunt

At 7 o'clock in the evening.

Los Gato City Art Center, California.

Netflix held a grand celebration here tonight to celebrate the number of subscribers of Netflix over 500,000.

More than 300 invited guests came to the scene. Some of them were wealthy businessmen, some were local politicians in Los Gato, some were senior intellectuals, and many invited media representatives...

Most of these people came to Netflix's celebration site with good intentions.

At this moment, a huge LED screen was placed on the front stage of the scene, showing the brilliant progress of Netflix since its establishment.

[Characters show! 】

The first person to be shown on the big screen is Reed Hastings, the founder and CEO of Netflix.

Reed Hastings was born in 1960;

In 1983, he graduated from Bowdoin University with a bachelor's degree, and then worked as a mathematics teacher in Swaziland secondary school for two years;

In 1985, he was admitted to Stanford University, a prestigious American Ivy League school.

In 1988, he graduated from Stanford with a master's degree in computer science;

After entering the society again, Hastings started his own business and founded several companies. In just 10 years, he has earned more than 40 million US dollars in funds.

In 1997, Hastings founded Netflix!

......

More than 300 invited guests on the scene, while tasting the wine and food, are also communicating with each other, and many of them are talking about Reed Hastings.

"Reid is still pretty good, and he is one of the representatives of starting from scratch."

"Agree!"

"As early as 1983, he graduated from Bowdoin University and entered the Swaziland middle school as a math teacher. As an alumnus, I thought he would have a lifeless life and annihilate everyone. But who would think he should be so proud! At work! Besides, he was still trying to improve himself. It took him only two years to get admitted to Stanford University."

"It's very powerful!"

"He studies very well, but what is even more powerful is... his means of collecting money!"

"agree."

"After graduating from Stanford, Hastings created his own company in just a few short years-a'pure software' company. With his precise eyes, he rode the big wave of the Internet era and made money in one fell swoop. A generous dollar bill."

The invited guests present discussed wantonly, and there was no lack of words of praise for Reed Hastings.

The ceremony of this celebration is very vast, but for Zhu Ke, who is used to seeing big winds and waves, it is just a small scene.

"Boss, how do you feel?"

Alexander asked, holding a wine glass.

Zhu Ke squinted his eyes, responded to Alexander with a glass of wine and smiled: "It's not bad. Although I don't know most of the people who came today, they all know me. They are all respectful and respectful in their words, and come here occasionally. I still enjoy it very much."

you do not say!

As the 5th richest person in the United States and 5th in the world on the Forbes magazine's rich list, Zhu Ke is a target for everyone to pursue no matter where he goes.

"Hey, boss, look, the big screen is starting to play new content again." Alexander said suddenly.

Zhuke looked up and said as expected.

Following the stage of [Character Show], the brilliant progress of Netflix was played on the big screen.

......

[Netflix! 】

Netflix was established in 1997, starting a new chapter in video tape and DVD rental services.

It is the first to launch an online operation model, which is very different from Blockbuster’s crazy construction of offline stores; it adopts the form of online mail rental, so that consumers can get the latest movies without leaving home; it only goes online for four. Monthly income reached 100,000 U.S. dollars, and more than 20,000 DVDs were in circulation.

Once Netflix's online mode was launched, it became popular in the United States.

In order to attract more users, Netflix issued a lot of coupons, but after the users ran out, they basically stopped patronizing them, and the money was all in vain.

Why?

Because compared to Blockbuster, there is Viacom Group behind Blockbuster. As the parent company of Paramount Pictures, Blockbuster does not lack the latest films at all. Other Hollywood film companies have also launched cooperation with Blockbuster, which can be said to be a daily gain.

Looking back at Netflix...

It lacks the attention of major Hollywood companies, and it is simply difficult to obtain the latest new film resources.

The result can be imagined!

Plus inventory, mailing, copyright fees...

These huge costs almost caused Netflix to go bankrupt.

In 1998, Netflix lost $11 million.

Later, Netflix finally stopped losses slightly by optimizing the logistics system, redesigning the lease plan, and developing the recommendation engine.

But... the momentum of burning money has never stopped!

In 2000, Netflix suffered a loss of 57.4 million U.S. dollars, which was unsustainable.

In desperation, Netflix founder Reed Hastings decided to find an alliance with Blockbuster.

Alliance?

Well, in fact it is asking Blockbuster to acquire Netflix.

He suggested that Blockbuster buy Netflix for US$50 million, and Netflix can help Blockbuster manage its online business. However, this decision, which can be called servile, was unilaterally rejected by Blockbuster.

Blockbuster simply looks down on Netflix!

To be precise, they both look down on Netflix (too small) and the online rental market.

But what about now?

Netflix survived the storm!

They have successively received huge capital injections from companies such as Barclays Bank of the United Kingdom, BlackRock Group of America, Blackstone Group, one of the world's largest private equity funds, and American Growth Foundation.

As of today, Netflix has more than 500,000 subscribers and has become the second largest DVD rental service provider and the largest online DVD rental service provider in the United States!

"The second largest DVD rental service provider?"

One person in the crowd sneered and said, "I really put gold on my face! Netflix has only 500,000 subscribers, but Blockbuster? You know, the number of members of Blockbuster at the beginning of this year. , Has exceeded 25 million people, covering almost half of the households."

"In the face of such a powerful Blockbuster, why does Netflix call second?!"

Some people tout, naturally some people ridicule.

In this world, no one can guarantee that he will be liked by everyone. There are many people who marvel at the achievements of Reed Hastings, but there are also many people who are jealous of him!

"What are you proud of?"

"Yes!"

"With a mere 500,000 subscribers, the celebrations held with such fanfare will not last long for Netflix in my opinion."

"Yes, it goes bankrupt sooner or later!"

......

There are many people who ridicule Netflix~www.wuxiaspot.com~ even if they are also invited guests.

"A bunch of guys who don't know the so-called."

Zhuke listened to these words and couldn't help but smile secretly in his heart.

Will Netflix collapse?

What a joke!

Little do I know that Netflix will be a streaming empire in the future?

Little do I know that Netflix will grow into a giant company with a market value of more than US$200 billion in the future?