Netflix, Inc., is a publicly traded company owned by numerous investment funds, institutions and private investors. At its inception, Netflix was co-owned by founders Reed Hastings and Marc Randolph. At the time, both men were former software company executives.
Netflix went from private to public ownership in 2002. During its initial public offering, an ownership share of Netflix was $15. Reed Hastings is the chief executive officer, president and chairman of the board. Netflix has millions of members worldwide. The company offers its members convenient access to popular broadcast TV shows and original-run movies as well as its own original programming.