In 1998, Netflix founders turned down an offer from Jeff Bezos to buy the company for between $14 million and $16 million. They believed in their vision.
Although Netflix faced skepticism about launching a streaming service in 2007, CEO Reed Hastings was used to reservations and persisted with their $40 million investment.
The debut of 'Lilyhammer' in 2012 marked Netflix's first original series, enabling binge-watching and expanding international programming, proving their model could succeed globally.
Netflix made history in 2018 by winning its first Oscar for 'Icarus', though it still pursues the elusive best picture award, facing stiff competition from others like Apple TV+.
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