Netflix, Inc.
−Removed: (“Netflix”, “the Company”, “registrant”, “we”, or “us”) is one of the world’s leading entertainment services with over 260 million paid memberships in over 190 countries enjoying TV series, films and games across a wide variety of genres and languages.
+Added: (“Netflix”, “the Company”, “registrant”, “we”, or “us”) is one of the world’s leading entertainment services with approximately 302 million paid memberships in over 190 countries enjoying TV series, films and games across a wide variety of genres and languages.
Members can play, pause and resume watching as much as they want, anytime, anywhere, and can change their plans at any time.
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We strive to continuously improve our members' experience by offering compelling content that delights them and attracts new members.
+Added: We aim to offer a range of pricing plans, including our ad-supported subscription plan, to meet a variety of consumer needs.
We seek to drive conversation around our content to further enhance member joy, and we are continuously enhancing our user interface to help our members more easily choose content that they will find enjoyable.
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The market for entertainment video is intensely competitive and subject to rapid change.
−Removed: We compete with a broad set of activities for consumers’ leisure time, including other entertainment video providers, such as linear TV, streaming entertainment providers (including those that provide pirated content), video gaming providers and more broadly against other sources of entertainment, like social media, that our members could choose in their moments of free time.
+Added: We compete with a broad set of activities for consumers’ leisure time, including other entertainment video providers, such as linear television, streaming entertainment providers (including those that provide pirated content), video gaming providers, as well as user-generated content, some of which are by professional content creators, and more broadly against other sources of entertainment, such as social media, that our members could choose in their moments of free time.
We also compete against entertainment video providers and content producers in obtaining content for our service, both for licensed content and for original content projects.
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We use a combination of patent, trademark, copyright and trade secret laws and confidentiality agreements to protect our proprietary intellectual property.
−Removed: Our intellectual property rights extend to our technology, business processes and the content we produce and distribute through our service.
+Added: Our intellectual property rights extend to our technology, business processes, the content we produce and distribute through our service, and the consumer products and experiences based thereon.
We use the intellectual property of third parties in creating some of our content, merchandising our products and marketing our service.
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Of these, approximately 9,600 (69%) were located in the United States and Canada, 2,200 (16%) in Europe, Middle East, and Africa, 600 (4%) in Latin America and 1,600 (11%) in Asia-Pacific.
−Removed: We also have a number of employees engaged in content production, some of whom are part-time or temporary, and whose numbers fluctuate throughout the year.
−Removed: We believe a critical component of our success is our company culture.
−Removed: This culture, which is detailed in a "Culture Memo" located on our website, is often described as providing a unique environment for our associates to perform the best work of their lives in pursuit of excellence.
+Added: We also have a number of employees engaged in content production, some of whom are part-time or temporary, and whose numbers fluctuate throughout the year and may be covered by collective bargaining agreements.
+Added: We believe an important component of our success is our company culture.
+Added: This culture, which is detailed in a "Culture Memo" located on our website, is often described as providing a unique environment for our employees to perform the best work of their lives in pursuit of excellence.
We aim to attract and retain great people - representing a diverse array of perspectives and skills - to work together as a dream team.
−Removed: We empower all of our employees so that they can have significant impact and input into decision-making;
−Removed: each employee has a high degree of freedom and power to make the decisions and take actions in the best interest of the company in carrying out their role.
−Removed: In return, our employees are responsible and accountable for those decisions and actions.
−Removed: With this approach, we believe we are a more flexible, fun, stimulating, creative, collaborative and successful organization.
+Added: As our business grows and changes, we seek to improve our culture to meet the new needs of our business.
+Added: We believe our dynamic culture helps us create a better experience for our members, employees, creators and partners.
As we have expanded our offices globally, our company culture remains an important aspect of our operations.
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We want more people and cultures to see themselves reflected on screen - so it’s important that our employee base is diverse and represents the communities we serve.
−Removed: We look to help increase representation by training our recruiters on how to hire more inclusively, and to help the company and senior leaders diversify their networks.
+Added: We look to help increase representation by educating our people leaders and recruiters on how to hire more inclusively, and to help the company and senior leaders diversify their networks.
We also support numerous employee resource groups (ERGs), representing employees and allies from a broad array of historically underrepresented and/or marginalized communities.
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We believe in fostering great leaders.
−Removed: We offer programs, such as seminars and lectures, that are designed to equip our leaders (officers, VPs, people managers and director and senior manager-level employees) to lead the business and our teams in alignment with our expectations and strategic goals.
−Removed: We have built a portfolio of programs under three foundational pillars - great company, great leaders, and great human beings - which we believe support our current and future success.
−Removed: We also offer programs and workshops to provide skills and coaching to employees on a variety of topics, such as leading and inspiring
−Removed: We believe this focus helps our employees grow as leaders and well-rounded individuals, and better positions Netflix to operate our global business of providing compelling content to entertain the world.
−Removed: We aim to generally pay our employees at the top of their personal market, and they generally are able to choose the form of their compensation between cash and stock options.
+Added: We offer various experiences and training to inform our employees about our culture and other context that we believe is important for success at Netflix.
+Added: We aim to equip our people leaders (officers, VPs, directors, and manager-level employees) to lead the business and our teams in alignment with our expectations and strategic objectives.
+Added: We aim generally to pay our employees at their personal top of market, and they generally are able to choose the form of their compensation between cash and stock options.
This permits employee compensation to be highly personalized and reflective of each employee's individual needs and preferences.
−Removed: We conduct pay equity analyses at least annually, and have adopted practices to help ensure that employees from underrepresented groups are not being underpaid based on gender (globally) and race (U.S.) relative to others doing the same or similar work under comparable circumstances.
+Added: We conduct pay equity analyses at least annually, and have adopted practices to help ensure that employees from underrepresented groups are not being underpaid based on gender identity (globally) and race or ethnicity (U.S.) relative to others doing the same or similar work under comparable circumstances.
We aim to rectify any pay gaps that we find through this analysis.
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.