Netflix is not only in the movie business, it is also turning into this year’s biggest corporate horror story. Having increased its price by 60% earlier this summer, Netflix has lost 800,000 customers and $12 billion in 90 days – including $2.3 billion in one day earlier this week. So should we feel sorry for founder and CEO Reed Hastings, whose has gone from Silicon Valley hero to corporate … → Read More
Netflix is leading the charge when it comes to streaming movies and TV shows over the Internet. It’s no longer focussed on DVDs, even though it is about to ship its 3 billionth disc. As bandwidth to the home increases, streaming will just continue to become more popular. At the Wired business conference earlier this week, Netflix CEO Reed Hastings predicted that gigabit-per-second speeds to… → Read More
Netflix is blowing the doors off its business, with $3 billion in annualized revenue and a $12 billion market cap driven by the transition to streaming online video. In terms of hours watched, streaming surpassed DVDs for Netflix in the fourth quarter, but CEO Reed Hastings has been preparing for this moment for more than decade. The name Netflix itself always held the promise of movies… → Read More
“It’s a little bit like, is the Albanian army going to take over the world? I don’t think so.”
TimeWarner CEO Jeff Bewkes haughty dismissal of Netflix is still reverberating through the tech world, dominating Holiday party chatter and jokes around the metaphorical water cooler. (At least the nerdy parties I go to.)
Today at the Web 2.0 Summit in San Francisco, Netflix CEO Reed Hastings and Peter Chernin sat down with New York Magazine’s John Heilemann to talk about the state of the video content business. A question from the audience asked Hastings about the news today that Hulu was cutting their prices.
Hastings noted that Hulu was still mainly an advertising play. And he said that Netflix has actually… → Read More
As promised, here is the second part of my interview with Netflix CEO Reed Hastings. In the last clip we talked about how Hasting navigated the company through huge changes in technology, a revolution in online video, and two formidable competitors in Wal-Mart and Blockbuster.
In this clip, we talk about Hasting’s vision for the future, including what life will be like when TV-as-we-know-it is… → Read More
This week I moderated a fireside chat with Netflix CEO Reed Hastings at a historic movie theatre in downtown Santa Cruz. For those who don’t live in the Bay Area, Santa Cruz is a sleepy little beach town a mountain away from San Jose. It’s filled with hippies and is one of the only places in the Bay Area that the reach and wealth of Silicon Valley hasn’t changed. There’s always a debate about… → Read More
…founder Reed Hastings a lunch at the local bistro, surely to welcome him on to Microsoft’s board. That’s right, Mr. Hastings has now joined Microsoft as an official board-member, most likely to bring the two companies closer together. With Netflix’s VOD service and Microsoft delving deeper into video-based services, the two could really get the fire started. Remember back… → Read More