Reed Hastings
Reed Hastings
Reed Hastings,is an American entrepreneur and philanthropist. He is the co-founder and CEO of Netflix and serves on the boards of Facebook and a number of non-profit organizations. A former member of the California State Board of Education, Hastings is an advocate for education reform through charter schools...
NationalityAmerican
ProfessionEntrepreneur
Date of Birth8 October 1960
CityBoston, MA
CountryUnited States of America
charter dedication great impressed looked people quality schools
There's some great charter schools and some not-so-great charter schools. I looked at quality, and I was impressed by the dedication of the people involved.
advantages bill current extend growth increases looks mail million planet volume year
Bill Henderson is about the only person on the planet who looks at our volume of mail as a trickle. We'll look for him to extend our current competitive advantages in this area, particularly as our mail volume increases with our forecasted growth to at least 5.65 million subscribers this year and 20 million by 2010-2012.
both market plenty
Blockbuster is succeeding, ... But the market is plenty big for both of us.
box domestic highly initial later linked pay produced revenue three
So much of the downstream revenue is linked to that initial excitement, to how much revenue is produced in the domestic box office. For example, what we pay for a film three years later is highly correlated to how well it did in the box office.
business exciting high million netflix people rate smart watching year
Well, we're about 24 million subscribers today, and that's up from about 15 million a year ago, so it's a very high rate of growth, and that's what's exciting about the business - more and more people are getting smart TVs, they're watching Netflix on their iPads.
afraid aol bookstores borders business companies great initial people
Most companies that are great at something - like AOL dialup or Borders bookstores - do not become great at new things people want (streaming for us) because they are afraid to hurt their initial business.
begins climate content launch ready
will be ready to launch when the content climate begins to thaw.
actions continued decisive ensure larger leadership lower market next profits steps stock taking term trade value
I think the stock will trade down significantly because of lower profits for the next year, but the long term value (will rise) -- in two years -- because of our actions today, being decisive and taking the steps to ensure our continued leadership in this larger market with larger competitors.
happening movies netflix option range wide
We have a very wide range of content, but the brand-newest movies, what's happening with those is a $30 pay-per-view option - not from Netflix but from DirecTV and others - of movies that are in the theater.
experience
How much has it been your experience that Americans follow what happens in the world?
amount browser pc spend time tv web
Think of Internet on the TV like the Web browser. The amount of time you spend on the PC in the browser is just going to grow continuously.
click watch
In 20 years from now we will all be able to click and watch TV.
finite
There's a finite market for DVD-by-mail, and the growth over the next 10 years will be in streaming.
based success
In hindsight, I slid into arrogance based upon past success.