• News
  • Culture&Arts

Netflix co-founder thinks Amazon is impressive but also "scary"

Netflix co-founder thinks Amazon is impressive but also

Netflix chairman and CEO Reed Hastings told CNBC he believes the proposed unraveling of federal net neutrality regulations would be "unfortunate" but are unlikely to have a big impact on the streaming video giant.

"Our hit ratio is way too high right now", Hastings noted in an interview conducted yesterday by CNBC, referring to the fact that virtually no Netflix original shows have been cancelled after one season (The Get Down is the only exception). Netflix needs to be taking more risks, said Hastings, which would naturally result in some unexpected massive hits and some failures. "They got the festival director to threaten to pull us out, which got a bunch of press".

"I'm always pushing the content team: 'We have to take more risk, you have to try more insane things". "We want you to turn on Netflix with a row of four shows, you just want to watch them all", he said. "It surprised us. It's a great show, but we didn't realise just how it would catch on". It's like they are trying to repeal the basic laws of business, of limited capability.

Explaining how the strategy behind both companies is different, Hastings stated that while Netflix's top priority is subscription VOD, Amazon is about selling products. "That's what we want", he said.




The last few years have been a odd era for television as Netflix and Amazon Prime invest millions and millions of dollars on new shows to try to establish dominance over your streaming time. While the company's position hasn't changed - it still believes the principles behind net neutrality are fundamentally correct - Netflix isn't almost as outspoken now that the FCC is throwing out the rules that helped protect it back in the day.

That's a business that Netflix CEO Reed Hastings knows well. He also pointed out that the company has kept its base price at $7.99 for eight years, although he didn't say if it will increase prices in the future. He said that Netflix has no plans to stream sporting events, even as rivals like Amazon, Twitter, and Facebook sign streaming deals with major sports leagues like the NFL, NBA, and MLB. "Sometimes the establishment is clumsy when it tries to shut out the insurgent, and then the insurgent's role is to play that up, which we did".

Here's a streaming media analogy to wrap your head around: Netflix is like Starbucks, and Amazon is like Walmart.

"There's very little causality between what a user watches in terms of sport, and what they watch in terms of drama or adventure or films", Yellin told Trusted Reviews, referring to Netflix's focus.

Leave Your Comment

Leave Your Comment


Latest News

  • White: Mayweather v McGregor deal will get done

    White: Mayweather v McGregor deal will get done

    First of all, me and De La Hoya have been cool for a long time. "That's the bottom line", De La Hoya explained to BoxingScene.com. The date and place might be bogus since Saul Alvarez and Gennady Golovkin are expected to fight on the same day.
    JetBlue flight makes emergency landing after battery fire

    JetBlue flight makes emergency landing after battery fire

    The flight crew extinguished the fire, and emergency crews were able to remove the damaged equipment after the plane landed. Homeland Security Secretary John Kelly has said the ban might expand to all worldwide flights entering or leaving the US.
    No surprise: It's Cavs-Warriors in the NBA Finals, again

    No surprise: It's Cavs-Warriors in the NBA Finals, again

    How do you feel about doing it?' We talk among ourselves. "We go out and just try to be as great as we can be every night". This NBA Finals rubber match between the Golden State Warriors and Cleveland Cavaliers has been building up for a while.
  • Trump's 'Covfefe' Tweet Remains a Mystery

    Investigators said Kushner has critical information connected to the probe, but he is not suspected of committing a criminal act. A senior administration official said Kushner was keeping his head down and focusing on work after the foreign trip.

    Texas state lawmaker says he received racist calls after House floor scuffle

    Bernal said it was the result of the simmering tension between House Democrats and Republicans over the SB4 vote. Rinaldi said that he told Nevàrez he would "shoot him in self-defense" if Nevàrez acted on the perceived threat.

    Nadal, Djokovic march on as Muguruza survives

    It's the French Open . "Nadal, I don't think he's anxious at all about anyone in this tournament, to be fair", he offered. Their match was suspended because of darkness on Tuesday with the 12th-seeded Frenchman trailing 7-5, 6-4, 6-7 (6), 5-4.
  • The Lakers Narrowly Avoided Total Catastrophe At The Lottery

    The Lakers Narrowly Avoided Total Catastrophe At The Lottery

    The New Orleans Pelicans did not move into the top three and therefore owed their pick at tenth overall to the Sacramento Kings . With their fourth top three pick in a row, Philadelphia can start to gel together the image of a formidable team.

    Oil is struggling to recover from its OPEC disappointment

    This came in the wake of the OPEC's November 30 decision to cut output by 1.2 million bpd for six months effective from January 1. Clawing back some of Thursday's losses, global benchmark Brent futures were up 28c at $51.74 a barrel at 8.37am GMT.

    Trump Defies G7, Refuses To Back Climate Deal After "Controversial" Debate

    President Trump has said he will decide whether to pull the USA out of the Paris climate accord when he returns from his trip. A French official said it would be "disappointing" if the wording on climate change "is too light in the final statement".
  • McCain weighs in on Kushner's reported request for Russian Federation back channel

    Trump, who made no public appearances Sunday, was expected to deliver remarks at Arlington National Cemetery on Memorial Day. But he said that as long as the information was shared with the US government, it didn't represent a problem.
    Keys ends 4-match losing skid with Paris win

    Keys ends 4-match losing skid with Paris win

    His best result at the French Open was reaching the semifinals in 2009, just months before he won his Grand Slam title in NY . Following her remarkable form everywhere else in the world she was seeded seventh for this tournament.

    Trump makes first visit as president to Arlington National Cemetery

    Bob Dole of Kansas, who sat in the audience at the ceremony, thanking Dole for his service in World War II. Moments later, Trump stopped for a young man who wanted to snap a picture of himself with the president.
  • Venus looking for 1st French Open title in 20th appearance

    Venus looking for 1st French Open title in 20th appearance

    She came closest in 2002 when she was beaten in the final by her younger sister, as she was at both Wimbledon and the U.S. And she faces the No60-ranked Elise Mertens in her next match instead of No24 seed Daria Gavrilova.
    Test rocket makes successful launch into space from New Zealand

    Test rocket makes successful launch into space from New Zealand

    The launch makes New Zealand just the 11th country to launch an orbital rocket, but the first from a private facility. Rocket Lab says it will launch as many as 50 rockets per year, but is allowed to launch more than twice that number.
    Duopoly Safe For Now As Snap's First Earnings Disappoint

    Duopoly Safe For Now As Snap's First Earnings Disappoint

    It also said that the company lost $2.31 per share, though most of that was due to expenses related to stock-based compensation. The company added more users this quarter than it did during the fourth quarter of 2016, when it grew by just 5 million DAUs.
  • Trump Admin. to return Russian compounds in US

    It was later revealed that future National Security Adviser Michael Flynn discussed potentially lifting the sanctions with Kislyak during the transition.
    Officer Who Killed Tamir Rice Fired For Rule Violations On Job Application

    Officer Who Killed Tamir Rice Fired For Rule Violations On Job Application

    According to Cleveland police, Loehmann's job application contained inaccuracies and he violated other administrative policies. Rice had been playing with what looked like a gun in a park near his home when someone called 911 to report him.

    LeBron James Breaks Michael Jordan's Playoff Scoring Record

    He did it with a three-pointer late in the third quarter - the first of a string of three straight from beyond the arc. With the unblemished Warriors waiting, James opted to douse them in accolades rather than cast any barbs.

Breaking News



Recommended

Nest's New Camera Can Tell the Difference Between Intruders and Your Kids

A pair of 940nm infrared LEDs provide night vision without the telltale red glow that's typical of other security cameras. The Nest Cam IQ uses a 1/2.5-inch, 8-megapixel sensor that's capable of 4K video , paired with a 130-degree lens.

'Passionate' UK Zookeeper Killed by Tiger in 'Freak Accident'

The zoo was evacuated as a precaution but officials said the public was never at risk and the tiger did not escape at any point. Tributes have flooded social media for Rosa King , the zookeeper who was killed yesterday by a tiger at Hamerton Zoo.

Dalits given soap and asked to clean up before Yogi Adityanath's visit

The central forces were sent after an initial report to the MHA detailed two deaths and injuries to 40 people in clashes. Mishra said the situation is likely to become normal in the next 24 hours.

Return to path of denuclearization: United Nations to North Korea

It released several photos of both the launch and Jong Un's reaction, none of which, could be independently confirmed or verified. Experts believe the North's new missile is the longest-range weapon ever successfully tested by the isolated nation.

James surpasses Jordan as playoffs scoring leader

Meanwhile, the Cavaliers have been rolling as well, sweeping the Pacers and Raptors before dominating the Celtics in five games. James was 0-4 from three point range heading into the 4th quarter, and he altered his strategy to better suit the team's needs.

Ariana Grande planning benefit concert in Manchester

Grande, whose fan base is dominated by girls and young women, said she had seen a "beautiful, diverse, pure, happy crowd". Soon after the terror attack, Grande chose to suspend her Dangerous Woman world tour for at least two weeks.

PGA Champions Tour 2017

He led after three rounds in hard conditions at Oak Hill in 2008, but shot a final-round 76 to lose by one stroke to Jay Haas . He then returned to the PGA Tour , where he continues to play a full schedule, and tied for 16th at The Players Championship.

Melania Trump wears $51K Dolce & Gabbana jacket in Sicily

She also carried a matching clutch for $1,630, but beneath her coat she kept it simple in a beige sheath and coordinating pumps. The coat, worn over a simple beige dress, sells for only $5,000 less than the median US household income in 2015.

Boehner: Trump's term 'disaster,' aside from foreign affairs

In addition, he maintained the president should not use Twitter and that he "never envisioned" Trump would become president. Boehner, who retired from politics in 2015 and handed over the speakership to Paul Ryan , said he's loving the quiet life.

Trump handshake showdown: France's Macron just won't let go

The leaders agreed that the new French president would host the German and Polish leaders in France in August, the diplomat said. Charles Michel and he are indeed only two years apart, the first being 41 years old and the second being 39 years old.