Reed Hastings

Netflix discusses ‘YouTube envy’ and faith programming

Netflix bosses have told investors they have ‘YouTube envy’ and are looking to global shows to drive viewing numbers. They went on to say they will do more faith-based programming and brushed aside the rivalry with Amazon, instead insisting their real competitor was sleep. Reed Hastings, CEO of the US-listed streaming service, did an analyst […]

Netflix CEO: mobile operators will change data plans to boost video

Mobile operators are likely to experiment with new ways of selling mobile data that could help Netflix extend its reach – if it can provide high-quality streamed content at ultra-low bit-rates – according to CEO Reed Hastings. In an on-stage interview at Mobile World Congress in Barcelona yesterday, Hastings said that mobile network operators would […]

Netflix plans more market localisation

Netflix is setting its sights on more market localisation following the launch of tailored versions of the service in Poland and Turkey last September. Speaking on the company’s fourth quarter earnings call, Netflix CEO Reed Hastings said that the rollouts would be part of a “steady process” that should help Netflix establish a substantial presence […]

Netflix plans to raise US$1bn for content acquisitions

Netflix is looking to raise US$1 billion in order to fund further content acquisitions, investments and strategic transactions. Intriguingly, the announcement of a US$1 billion debt offering in senior notes was an adjustment on an plan to raise US$800 million revealed just hours before. Los Gatos-based SVOD giant Netflix said the funds would be used […]

Liberty Global agrees international partnership with Netflix

Liberty Global has struck a multi-year partnership with Netflix to make the SVOD provider’s content available to its subscribers in 30 countries around the world. Liberty Global will launch Netflix on its advanced digital TV platforms across Europe, Latin America and the Caribbean – starting with the Netherlands. “This deal will provide even more freedom […]

Netflix’s Hastings: no to sport and news, slim prospects in China

Netflix boss Reed Hastings is not interested in adding sport and news to the SVOD company’s content line-up and sees little prospect in the near term in breaking into China. Interviewed by UK newspaper The Guardian, Hastings said that “every incremental million dollars” the company spends will be dedicated to strengthening its line-up of TV […]

Netflix: VR not compatible with binge-viewing

Top Netflix execs are not buying the clamour for virtual reality experiences. In an interview with VentureBeat, Netflix CEO Reed Hastings said fully immersive content is not compatible with the streaming service’s binge-watching model. With VR, “you’re exhausted after 20 minutes,” he said. “We are more focused on a lean-back, relaxing experience.” “I can’t imagine […]

Netflix ‘open minded’ over video downloads

Netflix will keep “an open mind” about offering downloads for offline viewing, according to CEO Reed Hastings. Speaking on the company’s earnings call earlier this week, Hastings said that to-date Netflix had focused on “click-and-watch and the beauty and simplicity of streaming” – but hinted this may change in the future. “As we expand around […]

Hastings: Vivendi-Mediaset deal is not a problem

Netflix boss Reed Hastings has said he is not worried by the prospect of direct competition from the combined forces of Vivendi and Mediaset in Europe, adding that the SVoD company’s progress in Italy so far has been in line with expectations. In an interview with Italian daily La Stampa, Hastings said that Netflix faced […]

International news lifts Netflix stock

Netflix’s stock price has recovered from recent declines in the wake of the streaming service announcing a 130-country launch yesterday. After two days of declines, Netflix was up 9.31% on the day, ending at US$117.68. The US-listed SVOD service has been one of Wall Street’s star performers in recent years and was the top performing […]