1 3 pts How has Netflix's business model evolved since the early 2000s? It started as a movie production company before it began its streaming business. It started as a streaming business and has acquired more content over time. Later, Netflix introduced DVD rentals. It started by shipping DVDs and then transitioned into mostly a streaming business. It used to be called Blockbuster before changing its name to Netflix. Question 2 3 pts What is FAS 63 and why is it relevant to Netflix? OFAS 63 is a regulatory standard set by the FTC that sets the conditions that must be met in order for the rights to streaming content to be considered legal. OFAS 63 is an accounting standard that sets the conditions that must be met in order for the rights to streaming content to be considered an asset. OFAS 63 is an accounting standard that lets Netflix capitalize streaming content as long as Netflix receives the content within 60 days. O FAS 63 is more relevant to content producers and not to Netflix