NETFLIX INC — Director's Dealing 2004

Jan 28, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NETFLIX INC (NFLX)
CIK: 0001065280
Period of Report: 2004-01-26

Reporting Person: TECHNOLOGY CROSSOVER MANAGEMENT IV LLC (10% Owner)
Reporting Person: TCV IV LP (10% Owner)
Reporting Person: TCV IV STRATEGIC PARTNERS LP (GP of fund owns <10%)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-01-26	Common Stock	S	830095	$75.55	Disposed	1780697	Indirect
2004-01-26	Common Stock	S	30953	$75.55	Disposed	66401	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5702	Direct

Footnotes

F1: Reporting person is the general partner of TCV IV, L.P. and TCV IV Strategic Partners, L.P. (collectively, the "Limited Partnerships IV") . Reporting person may be deemed to beneficially own the shares held by the Limited Partnerships IV but reporting person disclaims beneficial ownership of such shares except to the extent of its pecuniary interest therein.