Netflix, Inc. is an American over-the-top media services provider, headquartered in Los Gatos, California. Founded in 1997 by Reed Hastings and Marc Randolph in Scotts Valley, California, the company's primary business is its subscription-based streaming service, which offers online streaming of a library of films and television programs including those produced in-house.
Netflix's initial business model included DVD sales and rental by mail, although Hastings jettisoned DVD sales about a year after Netflix's founding to focus on the DVD rental business. In 2007, Netflix expanded its business with the introduction of streaming media, while retaining the DVD and Blu-ray rental service. The company expanded internationally, with streaming made available to Canada in 2010 and continued growing its streaming service from there; by January 2016, Netflix services operated in over 190 countries – it is available worldwide except Mainland China, Syria, North Korea and Crimea.
Netflix entered the content-production industry in 2012, debuting its first series, Lilyhammer. It has greatly expanded the production of both film and television series since then, offering "Netflix Original" content through its online library of films and television. Netflix released an estimated 126 original series or films in 2016, more than any other network or cable channel.
Back in the early 2010s, Nickelodeon sold streaming rights to their Nickelodeon catalog to Netflix, when streaming became a new idea to the public. In 2013 however, Nickelodeon and Hulu striked a new streaming deal, and months later Nickelodeon shows and movies were removed from Netflix and onto Hulu, where the deal remains today.
In early 2018, Nickelodeon looked to get back into the streaming service business as a third party using their new "studio model", where they would produce original content under their name and allow streaming companies to bid for distribution rights on select content in undisclosed deals. So far, Netflix is the only company that has bought exclusive distribution rights to Nickelodeon content, which began with the purchase of the first ever off-network Nicktoon Pinky Malinky.
The upcoming Avatar: The Last Airbender live-action series is one exception, with Netflix producing it in joint partnership with Nickelodeon after buying its rights before production started.
On November 13, 2019, it was announced that Netflix and Nickelodeon formed a multi-year deal to produce original animated feature films and television series, based both on Nickelodeon's library of characters as well as all-new IP. Many people have speculated that this deal was made in attempt to compete in kids entertainment with the launches of streaming services Disney+ and HBO Max in November 2019 and May 2020 respectively. Netflix later added several existing Nickelodeon properties to their streaming service in December 2019.
Nickelodeon productions Netflix holds distribution rights to
|Series / Movie||Co-production with||Release date|
|Pinky Malinky||Jam Filled Entertainment||January 1, 2019|
|Rocko's Modern Life: Static Cling||Joe Murray Productions||August 9, 2019|
|Invader Zim: Enter the Florpus||Maven Animation Studio||August 16, 2019|
|Glitch Techs||Maven Animation Studio||February 21, 2020|
|Avatar: The Last Airbender live-action series reboot||N/A||2020|
|The Loud House Movie||Jam Filled Entertainment||2021|
|Untitled Rise of the Teenage Mutant Ninja Turtles movie||Flying Bark Productions||TBA|
|Untitled Squidward spin-off series||United Plankton Pictures||TBA|