Netflix (NFLX) celebrates its 27th anniversary today, founded on August 29, 1997, by Reed Hastings and Marc Randolph. While Hastings still serves as the streaming platform's executive chairman, Marc Randolph left the company in 2003 after serving as its first CEO.

Yahoo Finance entertainment reporter Alexandra Canal breaks down Netflix's history, tracing its evolution from a DVD-by-mail service to the streaming powerhouse it has become today.

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This post was written by Angel Smith