Netflix TO ACQUIRE Warner Bros.
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The company was founded in 1997 by Reed Hastings and Marc Randolph with a simple premise: a mail-order DVD subscription service designed to eliminate the late fees charged by traditional video rental stores and shipping physical discs in its iconic red envelopes.
This is a David and Goliath story – with a twist. Almost exactly 15 years ago today the owner of Warner Bros. and HBO pushed back on Hollywood and Wall Street hype about a streaming upstart named Netflix.