From relatively humble beginnings as a DVD-by-mail service, Netflix has grown into one of the most used video streaming services in the world. The company was one of the first to see the potential of video streaming technology and began to transition to a subscription video-on-demand model in 2007. Since this transition, Netflix’s revenue has grown by nearly 30 billion U.S. dollars in just 14 years. The number of Netflix subscribers has followed a similar trend, although the streaming giant has suffered from losses recently.