Video Interview with Netflix CEO Reed HastingsMonday, May 17, 2010, 09:51 AM ET posted by: Will Richmond Last week when I was in CA for the Cable Show, I did a side-trip to Los Gatos to meet with and interview Netflix CEO Reed Hastings at the company's headquarters. We met up in the "Green Acres" conference room, one of the building's many meeting spaces named for popular TV shoes and movies. As I've written over the past several months, Netflix is on a huge roll, having grown its subscriber base 25% in just the last 2 quarters from 11.1 million subs at the end of Q3 '09 to almost 14 million subs at the end of Q1 '01. Watch the interviews to learn more about topics like what Reed thinks is really driving Netflix's rapid growth, what Netflix pays to stream a movie online vs. deliver a DVD, whether streaming will remain unlimited, why Reed thinks TV Everywhere is "frustratingly brilliant," who the real competition is, what's on Netflix's streaming product roadmap, why sports are so important to cable, how net neutrality will be resolved and importantly, why Netflix's message to Hollywood is "our checkbook is open." Reminder: Netflix's Chief Content Officer Ted Sarandos will be on the VideoSchmooze breakfast panel on Tuesday, June 15th at the SLS Hotel in Beverly Hills. Click here to learn more and save with the early bird discount. Part 1 (9 minutes, 27 seconds): Part 2: (9 minutes, 20 seconds): What do you think? Post a comment now (no sign-in required). Categories: Aggregators, People Related Analyses: Tags: 6 Comments posted |
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What video equipment are you shooting with? Any lighting?
http://dhdeans.blogspot.com
Just as we can look back today at the airline industry and wonder "how did TWA and PanAM fail to anticipate the final chapter of their fate?", we'll be wondering the same thing about the traditional pay-TV incumbents in a couple of years.
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@David - that's an interesting read on the interview. I thought he pretty much said he doesn't think Netflix will lead to cord-cutting, a point he's made elsewhere...what do you think?
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Great interview, you hit on all the key points. Mr. Hastings is cerebral and has a good grasp of where the industry is heading, and how he plans to ensure Netflix remains at the top.
http://dhdeans.blogspot.com
That said, the Netflix service may be a "supplemental offering" for some consumers. However, for others (myself included) it changes TV viewing behavior and results in a downgrading of pay-TV service (from the premium service tier to the basic-cable tier).
My point: there are more granular steps to this business model disruption -- cord-cutting is merely the final stage in the process of the transition to low-cost on-demand entertainment adoption. Once you start down this path, the traditional pay-TV offering seems very expensive.