We’ve all been there. It’s Friday afternoon and the thought of cooking, after a long week, isn’t the funnest idea for a Friday night.
Thoughts of throwing on some sweat pants the minute you get home, then curling up on the couch with your favorite comfort food and firing up the ‘Ol Netflix® account, wash over you in waves.
The idea of pizza and a movie night, hunkered down on the couch, in the comforts of home isn’t a new idea. You could say it’s origins began with the advent of take-out dining and the fast food cultural rise. And while pizza technology has largely remained the same (thank heavens), Friday night movies (on one of three channels of televisions) was soon replaced with the introduction of the mighty VHS tape, in the early 80’s. This exponentially broadened our cinematic consumption, and vastly increased the amount of choices you had via the local video store. That was, until the advent of Nextflix® shot the amount of choices you had into the stratosphere, and beyond.
According to wikipedia, when the company was launched in September of 1997, it introduced the monthly subscription concept to the world. In 2000, when Netflix had just about 300,000 subscribers and relied on the U.S. Postal Service for the delivery of their DVDs, they were losing money and offered to be acquired by Blockbuster for $50 million. The offer was declined.
While they managed to experience fast growth despite the early struggles, in early 2001, both the dot-com bubble burst and the September 11 attacks would occur, affecting the company badly and forcing them to lay off three thirds of their employees. But then the sales of Apple products finally took off as laptops became more affordable. By early 2002, Netflix saw a huge increase in their business because of this, and the company began to see a turn around.
"I love pizza. I want to marry it but it would just be to eat her family at the wedding." – Mike Birbilgia
Netflix initiated an initial public offering (IPO) on May 29, 2002, selling 5.5 million shares of common stock at the price of US $15.00 per share. On June 14, 2002, the company sold an additional 825,000 shares of common stock at the same price. After incurring substantial losses during its first few years, Netflix posted its first profit during fiscal year 2003, earning US $6.5 million profit on revenues of US $272 million. In 2005, 35,000 different films were available, and Netflix shipped 1 million DVDs out every day.
Fortunately today, we don’t need to rely on the archaic practice of going to our mail box, then taking a DVD out of a paper cover, and actually inserting a disc into a player, anymore. Now we just stream away, and talk about the amount of choices, well let’s just say it’s really just gone out of this world.
Every Friday, Buffalo will help narrow down some of those choices to some of our favorites. They may be pizza themed, or have something in common with our theme of the month. Or, it could just be a crew favorite! But no matter what we will always make sure that the ovens are fired and ready to help you start your Friday nights off right!