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
Reed Hastings quotes about
charter creating districts education global half political reform room school technology work
About half my work in education is U.S. political reform around school districts and charter schools, and creating more room for entrepreneurial organizations to develop. And about half on technology, which I look at as a global platform.
drunk predict tried
We tried not to get drunk on the future, but actually to predict it accurately.
advantages benefits continuing cost financial flow future growth impact increasing market outlook rapid reflects subscriber
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.
achieve additional aggressive business confidence earnings evidence goals guidance increase led model performance provides record revenue strength subscriber
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.
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.
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.
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.
school technology
School districts in the US don't adopt technology very quickly.