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Netflix is known as an American Media Service Provider which is found on 29 August 1997. Its founders are Marc Randolph and Reed Hastings and Netflix’s headquarters is located at Scott Valley, California. Currently Reed Hastings is the Chief Executive Officer of Netflix. In the beginning Netflix introduced a monthly subscription concept on a low price and currently it operated as an internet television network providing subscription service streaming movies and TV episodes over the Internet and sending DVDs by mail.2 Netflix have been a dominant online streaming service provider from the beginning.3 Its shares have increased over 80% to date on May this year.

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