Netflix
Netflix, Inc. is an American online movie rental service that offers a flat-fee subscription plan for both DVD and Blu-ray disc rentals. In addition to disc rentals, Netflix also provides online streaming directly to TV. Netflix was founded in 1997 in Scotts Valley, California by Reed Hastings and Marc Randolph. Reed and Randolph had previously worked together at Pure Software, a company that provided Purify, a debugging tool for Unix/C engineers. The idea started when Hastings was charged a late fee when returning a DVD after the due date. Since then, the Netflix business model is built on flat-fee unlimited rentals without due dates, ate fees, shipping and handling fees, or per title rental fees.
Services
Netflix subscribers are able to watch unlimited movies and TV episodes for a monthly flat-rate. Users can choose to opt-in to renting unlimited DVDs by mail for an additional monthly fee.
Online Streaming
Netflix has a "Watch Instantly" feature that allows thousands of movies and TV shows to be instantly streamed to your TV via a PS3, Wii, Xbox 360, or any device that allows streaming.
DVD Rental
For an additional monthly fee, Netflix users can add the "1 DVD out-at-a-time" plan to their subscription.
Free Trial and Cancellation
New clients of Netflix can qualify for a 1 month free offer. If the subscription is cancelled within the month, no charges will be charged. However, if nothing is done to remove the membership after the 1 month, the regular monthly fee will be charged. Subscriptions can be cancelled at anytime with no termination fee. There is no refunds or credits for partial months.
