
Paramount/WBD Settlement Meeting Canceled
BJ Bethel•
Netflix, Inc. was founded on August 29, 1997, by Reed Hastings and Marc Randolph in Scotts Valley, California. Initially offering DVD rentals by mail, Netflix pioneered the subscription-based streaming model and has evolved into the world's leading streaming entertainment service. In January 2025, WWE Raw moved exclusively to Netflix as part of a landmark ten-year, $5 billion deal, marking a significant shift in professional wrestling broadcasting.