SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Expires: February 28, 2011 Estimated average burden hours per response 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* TCV VI L P (Last) (First) (Middle) C/O TECHNOLOGY CROSSOVER VENTURES 528 RAMONA STREET (Street) PALO ALTO CA 94301 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol NETFLIX INC [ NFLX ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner Officer (give title below) X Other (specify below) May be part of a 13(g) group
	3. Date of Earliest Transaction (Month/Day/Year) 07/31/2008
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/31/2008		J ( 1 )		22,463	D	$0	280	I	TCV II, V.O.F. ( 2 ) ( 3 )
Common Stock	07/31/2008		J ( 4 )		3,763	A	$0	3,763	I	Technology Crossover Management II, L.L.C. ( 3 ) ( 5 )
Common Stock	07/31/2008		J ( 6 )		691,586	D	$0	8,611	I	Technology Crossover Ventures II, L.P. ( 3 ) ( 7 )
Common Stock	07/31/2008		J ( 8 )		126,283	A	$0	130,046	I	Technology Crossover Management II L.L.C. ( 3 ) ( 5 )
Common Stock	07/31/2008		J ( 9 )		105,591	D	$0	1,315	I	Technology Crossover Ventures II, C.V. ( 3 ) ( 10 )
Common Stock	07/31/2008		J ( 11 )		17,716	A	$0	147,762	I	Technology Crossover Management II, L.L.C. ( 3 ) ( 5 )
Common Stock	07/31/2008		J ( 12 )		531,702	D	$0	6,619	I	TCV II (Q), L.P. ( 3 ) ( 13 )
Common Stock	07/31/2008		J ( 14 )		89,630	A	$0	237,392	I	Technology Crossover Management II, L.L.C. ( 3 ) ( 5 )
Common Stock	07/31/2008		J ( 15 )		94,357	D	$0	1,175	I	TCV II Strategic Partners, L.P. ( 3 ) ( 16 )
Common Stock	07/31/2008		J ( 17 )		965	A	$0	238,357	I	Technology Crossover Management II, L.L.C. ( 3 ) ( 5 )
Common Stock	07/31/2008		J ( 18 )		238,357	D	$0	0	I	Technology Crossover Management II, L.L.C. ( 3 ) ( 5 )
Common Stock								2,571,248	I	TCV VI, L.P. ( 3 ) ( 19 )
Common Stock								20,277	I	TCV Member Fund, L.P. ( 3 ) ( 20 )

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person* TCV VI L P (Last) (First) (Middle) C/O TECHNOLOGY CROSSOVER VENTURES 528 RAMONA STREET (Street) PALO ALTO CA 94301 (City) (State) (Zip)

1. Name and Address of Reporting Person* TCV Member Fund, L.P. (Last) (First) (Middle) C/O TECHNOLOGY CROSSOVER VENTURES 528 RAMONA STREET (Street) PALO ALTO CA 94301 (City) (State) (Zip)

1. Name and Address of Reporting Person* TECHNOLOGY CROSSOVER MANAGEMENT II LLC (Last) (First) (Middle) C/O TECHNOLOGY CROSSOVER VENTURES 528 RAMONA STREET (Street) PALO ALTO CA 94301 (City) (State) (Zip)

1. Name and Address of Reporting Person* TCVII V O F (Last) (First) (Middle) C/O TECHNOLOGY CROSSOVER VENTURES 528 RAMONA STREET (Street) PALO ALTO CA 94301 (City) (State) (Zip)

1. Name and Address of Reporting Person* TECHNOLOGY CROSSOVER VENTURES II LP (Last) (First) (Middle) C/O TECHNOLOGY CROSSOVER VENTURES 528 RAMONA STREET (Street) PALO ALTO CA 94301 (City) (State) (Zip)

1. Name and Address of Reporting Person* TECHNOLOGY CROSSOVER VENTURES II CV (Last) (First) (Middle) C/O TECHNOLOGY CROSSOVER VENTURES 528 RAMONA STREET (Street) PALO ALTO CA 94301 (City) (State) (Zip)

1. Name and Address of Reporting Person* TCV II Q LP (Last) (First) (Middle) C/O TECHNOLOGY CROSSOVER VENTURES 528 RAMONA STREET (Street) PALO ALTO CA 94301 (City) (State) (Zip)

1. Name and Address of Reporting Person* TCV II STRATEGIC PARTNERS LP (Last) (First) (Middle) C/O TECHNOLOGY CROSSOVER VENTURES 528 RAMONA STREET (Street) PALO ALTO CA 94301 (City) (State) (Zip)

Explanation of Responses:

1. In kind pro-rata distribution from TCV II, V.O.F. to its Partners, without consideration.

2. These shares are held directly by TCV II, V.O.F. Jay C. Hoag ("Hoag") and Richard H. Kimball ("Kimball") are managing members of Technology Crossover Management II, L.L.C. ("TCM II") which is the managing general partner of TCV II, V.O.F. Hoag, Kimball and TCM II may be deemed to beneficially own the shares held by TCV II, V.O.F. but Hoag, Kimball and TCM II disclaim beneficial ownership of such shares except to the extent of their pecuniary interest therein.

3. This Form 4 is filed by more than one Reporting Person and is a joint filing with the Form 4 filed by Hoag, Kimball, John L. Drew ("Drew"), Jon Q Reynolds, Jr. ("Reynolds"), William J. G. Griffith IV ("Griffith "), Robert W. Trudeau ("Trudeau"), Technology Crossover Management IV, L.L.C. ("TCM IV"), TCV IV, L.P., TCV IV Strategic Partners, L.P. and Technology Crossover Management VI, L.L.C. ("TCM VI") on August 4, 2008.

4. Acquisition by Technology Crossover Management II, L.L.C. ("TCM II") pursuant to an in kind pro-rata distribution by TCV II, V.O.F. to its partners, without consideration.

5. These shares were directly held by TCM II. Hoag and Kimball are managing members of TCM II which is the sole investment general partner of TCV II, V.O.F. and Technology Crossover Ventures II, C.V. ("TCV II, C.V.") and the sole general partner of Technology Crossover Ventures II, L.P. ("TCV II, L.P."), TCV II (Q), L.P. and TCV II Strateic Partners, L.P. ("TCV II, S.P.") The number of shares reported by TCM II does not include the shares indirectly held by TCV II, V.O.F., TCV II, C.V., TCV II, L.P., TCV II (Q), L.P. and TCV II, S.P. Hoag and Kimball may be deemed to own the shares held by TCM II but Hoag and Kimball disclaim beneficial ownership of such shares except to the extent of their pecuniary interest therein.

6. In kind pro-rata distribution from TCV II, L.P. to its partners, without consideration.

7. These shares are held directly by TCV II, L.P. Hoag and Kimball are managing members of TCM II which is the managing general partner of TCV II, L.P. Hoag, Kimball, and TCM II may be deemed to beneficially own the shares held by TCV II, L.P. but Hoag, Kimball and TCM II disclaim beneficial ownership of such shares except to the extent of their pecuniary interest therein.

8. Acquisition by TCM II pursuant to an in kind pro-rata distribution by TCV II, L.P., to its partners without consideration.

9. In kind pro-rata distribution from TCV II, C.V. to its partners, without consideration.

10. These shares are held directly by TCV II, C.V. Hoag and Kimball are managing members of TCM II which is the managing general partner of TCV II, C.V. Hoag, Kimball and TCM II may be deemed to beneficially own the shares held by TCV II, C.V. but Hoag, Kimball and TCM II disclaim beneficial ownership of such shares except to the extent of their pecuniary interest therein.

11. Acquisition by TCM II pursuant to an in kind pro-rata distribution by TCV II, C.V. to its partners, without consideration.

12. In kind pro-rata distribution from TCV II (Q), L.P. to its partners, without consideration.

13. These shares are held directly by TCV II (Q), L.P. Hoag and Kimball are managing members of TCM II which is the managing general partner of TCV II (Q), L.P. Hoag, Kimball, and TCM II may be deemed to beneficially own the shares held by TCV II (Q), L.P. but Hoag, Kimball and TCM II disclaim beneficial ownership of such shares except to the extent of their pecuniary interest therein.

14. Acquisition by TCM II pursuant to an in kind pro-rata distribution by TCV II (Q), L.P. to its partners, without consideration.

15. In kind pro-rata distribution from TCV II, S.P. to its partners, without consideration.

16. These shares are held directly by TCV II, S.P. Hoag and Kimball are managing members of TCM II which is the managing general partner of TCV II, S.P. Hoag, Kimball and TCM II may be deemed to beneficially own the shares held by TCV II, S.P. but Hoag, Kimball and TCM II disclaim beneficial ownership of such shares except to the extent of their pecuniary interest therein.

17. Acquisition by TCM II pursuant to an in kind pro-rata distribution by TCV II, S.P. to is partners, without consideration.

18. In kind pro-rata distribution from TCM II to its members, without consideration.

19. These shares are held directly by TCV VI, L.P. Each of Hoag, Kimball, Drew, Reynolds, Griffith and Robert W. Trudeau (collectively the "TCM Members") are Class A Members of Technology Crossover Management VI, L.L.C. ("TCM VI") which is the sole general partner of TCV VI, L.P. The TCM Members and TCM VI may be deemed to beneficially own the shares held by TCV VI, L.P. but the TCM Members and TCM VI disclaim beneficial ownership of such shares except to the extent of their pecuniary interest therein.

20. These shares are held directly by TCV Member Fund, L.P. Each of the TCM Members are Class A Members of TCM VI which is a general partner of TCV Member Fund, L.P. and limited partners of TCM VI. The TCM Members and TCM VI may be deemed to beneficially own the shares held by TCV Member Fund, L.P. but the TCM Members and TCM VI disclaim beneficial ownership of such shares except to the extent of their pecuniary interest therein.

Remarks:

	Carla S. Newell Authorized signatory for TCV VI, L.P.	08/04/2008
	Carla S. Newell Authorized signatory for TCV Member Fund, L.P.	08/04/2008
	Carla S. Newell Authorized signatory for Technology Crossover Management II, L.L.C.	08/04/2008
	Carla S. Newell Authorized signatory for TCV II, V.O.F.	08/04/2008
	Carla S. Newell Authorized signatory for Technology Crossover Ventures II, L.P.	08/04/2008
	Carla S. Newell Authorized signatory for Technology Crossover Ventures II, C.V.	08/04/2008
	Carla S. Newell Authorized signatory for TCV II (Q), L.P.	08/04/2008
	Carla S. Newell Authorized signatory for TCV II Strategic Partners, L.P.	08/04/2008
	** Signature of Reporting Person	Date
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