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In January 2019, the company entered the streaming media business by purchasing the Disney+ international streaming service, which was launched on the Disney-owned service, the streaming distribution service Over-the-Top. For the first year, it gave users the opportunity to try Free Streams, on which a limited selection of television series and films were available to watch for free before requiring an annual subscription fee to do so. In contrast to other streaming services, it does not use ads.
Netflix has some markets in which there are significant investment rights-selling restrictions. The rights-selling restrictions vary from country to country.[371] These restrictions generally block access to the service in a country, or restrict the type of content that can be downloaded. Foreign streaming rights include the availability of television shows and films in countries that are not subject to the restrictive agreements so they can be made available for download, as well as restrictions on the content that is available to browse for free. Netflix added all its content at launch. Currently they are working on adding regional services for other countries.
Netflix was initially available as an on-premise service. The company was taken public in 1997 and listed on the New York Stock Exchange. In 2012, Netflix was valued at $113 billion; as the company grew, it became difficult for individual subscribers to keep up with its ever-increasing growth in content. According to research firm Cisco and Inc Magazine, over 14 million of Netflix's 84 million subscribers paid $8.99 per month for basic service, while the other 50.8 million members paid $8.99 per month or less. In March 2016, Netflix set a standard price of $9.99 per month in the United States. In May 2015, Netflix raised prices in the United States, Canada and Latin America. It charged customers one additional dollar per month in Canada and the U.S., but did not impose a price hike elsewhere. In February 2016, Netflix introduced a standard price of $11.99 in the United States for new members and plans. In all other markets, they will be rolled out at a future date, or stated price will stay low for the time being. d2c66b5586