Netflix was created in 1997 and began as a DVD rental service through mail. It now has over 1 million subscribers and serves 47 countries through online streaming and DVD rental by mail. The company is headquartered in Los Gatos, California and is led by CEO Reed Hastings. In the most recent quarter, Netflix reported $1 billion in revenue but only $2.6 million in net income. It faces competition from Amazon, Blockbuster, and other online streaming and DVD rental services.