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Posts tagged Reed Hastings

Netflix CEO: Amazon Losing Up to $1B a Year on Streaming Video
November 16, 2012 | 4:58 pm

Reed Hastings says that, one day, Amazon will provide real competition for Netflix. But the Netflix CEO says Jeff Bezos will have to spend a lot of money before that happens: Hastings says Amazon is losing between $500 million and a $1 billion a year as it acquires streaming video content rights. Hastings says he generated those numbers based on the value of the content deals that Amazon won when the two companies competed head to head. Read Full Article ... Source: All Things D * * * Follow us @TeleRead  Join us on Facebook...

Unlike print publishers, Netflix moves full speed ahead into new media
September 19, 2011 | 11:10 am

The major publishers seem to be desperate to hold onto printed books for as long as they can, doing everything possible to try to make e-books less attractive than print books. (Though to what extent they’re really doing this has long been a subject for debate. Consumer complaints aside, even agency-priced e-books still seem to be selling pretty well.) But what might it look like if they went the other way—shoved the New Media throttle wide and cut the rope to the Old Media barge they’re towing? It might look more than a little like what Reed Hastings is...