Netflix (NASDAQ: NFLX), established in 1998, is the largest online DVD rental service, offering flat rate rental-by-mail to customers in the United States. Headquartered in Los Gatos, California, it has amassed a collection of 80,000 titles and over 6.8 million subscribers. [1] They have over 42 million discs and ship 1.6 million a day, on average. [1] Netflix previously claimed to spend about $300 million a year on postage. On 25 February 2007, Netflix announced the delivery of its billionth DVD. [2][3]