Step 1 : Introduction to the question "[Ans] Which movie inspired the founding of Netflix?"
.... Netflix is an American entertainment company that provides streaming media, video-on-demand online, and DVD by mail. It was founded in 1997 by Reed Hastings and Marc Randolph in Scotts Valley, California. Wikipedia Stock price: NFLX (NASDAQ) US$ 349.67 +4.95 (+1.44%) 24 May, 11:28 AM GMT-4 - Disclaimer Did you know: Netflix is the world's 10th-largest internet company by revenue.
Step 2 : Answer to the question "Which movie inspired the founding of Netflix? "
Apollo 13:
After returning Apollo 13 to the video store six weeks late and incurring a $40 late fee, Netflix co-founder and CEO Reed Hastings was inspired to create his own movie rental-by-mail company. Hastings was embarrassed about the fee, and thought there had to be a better way to do movie rentals. Netflix's initial business model included DVD sales and rental by mail but expanded its business with the introduction of streaming media. Hastings is often quoted saying that his decision to start Netflix stems from that $40 late fee he incurred from Blockbuster Video.
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