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
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.
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.
amazon believe enter happen market near
We believe that Amazon is going to enter this market in the near future. It could happen before the holidays.
american-author
We are seeing the beginning of things. Web 2.0 is broadband. Web 3.0 is 10 gigabits a second.
beginning seeing web
We are seeing the beginning of things, ... Web 2.0 is broadband. Web 3.0 is 10 gigabits a second.
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.
achievement confident continued enter goal million reach solid time within year
(Last year) was another year of solid achievement and continued momentum. We enter 2006 confident we can reach our goal of 20 million subscribers within the 2010 to 2012 time frame.
drunk predict tried
We tried not to get drunk on the future, but actually to predict it accurately.
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Our outlook for the future reflects the continuing rapid subscriber growth and the increasing impact of the cost advantages and other financial benefits that flow from our market leadership.
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Our record first-quarter performance provides additional evidence of the strength of our business model and our market, and reinforces our confidence that we can achieve our aggressive goals for subscriber and earnings growth. It has also led us to increase our near-term guidance for subscriber and revenue growth.
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.
ours secret site smile smiles starbucks web
If the Starbucks secret is a smile when you get your latte, ... ours is that the Web site adapts to the individual's taste.
experience
How much has it been your experience that Americans follow what happens in the world?