Reed Hastings - Netflix

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Last quote by Reed Hastings

Some diversity in views is healthy, but catastrophically bad judgment (in my view) is not what anyone wants in a fellow board member.feedback
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Aug 09 2017 Netflix
We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Reed Hastings is associated, including Netflix, China, and member. Most recently, Reed Hastings has been quoted saying: “I think in 10 years we're going to think about our businesses, not just the real estate business, but also a very significant data business, and I think that data is going to help our customers, it's going to help our own decision-making, and who knows? If we're really successful at this, it could be a separate business that could be valued separately by the market. It's way too early to get that far ahead of our speed, but I'm really excited about those opportunities.” in the article Don’t let the action in UnitedHealth fool you.
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Reed Hastings quotes

Jul 10 2017 - Netflix

We say it's an honest discussion of what's going on in adolescent life.feedback

Jul 10 2017 - Netflix

There are a lot of lessons for the young founder experiencing incredible growth. You are young and a lot of things hit all at once. Those are challenges much like a movie star who gets famous at a young age. Those who make it through like Facebook and Google are fantastic.feedback

Jul 10 2017 - Netflix

Sports, gaming, watching linear TV . . . we compete with all of that. We even compete with sleep. We are just a very small player in the market for time and entertainment.feedback

Jul 10 2017 - Netflix

We are modelled on sport and if you want to win a championship you have to have an incredible player in every position. It's not for everyone. If you want job security you don't go into sports – and you don't join Netflix.feedback

Jul 05 2017 - Netflix

We ask people to do what you would think is best for the company. We don't give them any more guideline than that.feedback

Jun 06 2017 - Netflix

A doctor without an X-ray machine is not as good a doctor.feedback

Jun 06 2017 - Netflix

It is probably fair to say I recognized the power of personalization maybe more than other people, because I had seen it in my own working life.feedback

Jun 06 2017 - Netflix

In our society as a democracy, I think it is healthy that there is a debate about what are the goals of public education. I've always been a little cynical and jaundiced about technology. The tech can help, but it is often oversold.feedback

Jun 01 2017 - Netflix

I'm always pushing the content team, We have to take more risk, you have to try more crazy things, because we should have a higher cancel rate overall. Because then, what you get is you get some winners that are just unbelievable winners – like, 13 Reasons Why' over the last three months has been a big hit for us.feedback

May 31 2017 - Cannes Festival

The establishment closing ranks against us. See Okja on Netflix June 28th. Amazing film that theatre chains want to block us from entering into Cannes film festival competition.feedback

May 31 2017 - Netflix

We don't really want a fight with anyone. What we're trying to do is have great movies and have them be shown everywhere. But where someone picks a fight with us, that gets a lot of attention … it's been fantastic for us.feedback

May 31 2017 - Netflix

As we grow the membership base, we want to grow the current budget. There are so many great shows we don't have yet. We hope that over time that the theaters will wake up and say we should provide consumer choice. It's been great for talent and writers. There is so much competition. All the new players and the existing players like HBO are beginning to grow. It is this new age of television.feedback

May 31 2017 - Netflix

They are so scary. Everything Amazon does is so amazing. How are they doing so many business areas so well? We are continuing to watch them and be impressed with them. People want on-demand. They want to be able to control when and how they watch. With that, we are a growing whole industry.feedback

May 31 2017 - Cannes Festival

You know, I have obscure taste.feedback

May 31 2017 - Netflix

Everything Amazon does is so amazing. How are they doing so many business areas so well? They are trying to repeal the basic laws of business. They are awfully scary I would say. As we grow the membership base, we want to grow the current budget. There are so many great shows we don't have yet. We are going to continue as we growth the member ship base to try and get more shows and more movies. Very few people have cut the cord.feedback

May 23 2017 - Netflix

Netflix was originally a single rental service, but the subscription model was one of a few ideas we had–so there was no Aha! moment.feedback

May 23 2017 - Netflix

Movies over the Internet are coming, and at some point it will become big business.feedback

May 10 2017 - Cannes Festival

The establishment is closing ranks against us.feedback

Apr 27 2017 - Netflix

I think it's building the relationships in the normal way, and we are making progress on that because we are patient. Because we are not trying to push for a certain date. We are just steadily building those relationships.feedback

Apr 24 2017 - Netflix

Celebrating 100m members the same way I did 1m: a steak alone at Denny's. #superstitious.feedback

Apr 18 2017 - Netflix

You know, think about it, when you watch a show from Netflix and you get addicted to it, you stay up late at night. We're competing with sleep, on the margin. And so, it's a very large pool of time.feedback

Apr 17 2017 - Netflix

Everybody watches TV and nearly everybody has the internet, so I don't see anything that's going to stop Netflix from getting to most people in the United States and then eventually hopefully most people around the world. We have YouTube envy.feedback

Feb 28 2017 - Netflix

We had Iranian and Iraqi employees who were unable to come to work. Maybe someday, but it's better to make a show about things in the past so you can have some perspective. We let the news channels do the things that are current, while hoping to provide a relief from politics to people on both sides. We would like to continue to improve the mobile plans in order for everybody to enjoy unlimited video viewing. I think it's possible because we are getting more efficient at video data, so that the networks are not congested. That would be a big breakthrough.feedback

Feb 28 2017 - Netflix

We are focused on international expansion, mainly in Europe and Asia. It's just the beginning of the Internet. We are producing all over the globe with great success, now also in Spain, France, Germany, the U.K., Turkey, India, and even Japan, with anime shows.feedback

Feb 28 2017 - Netflix

I think broadcast television is really going to move to the Internet, so that current TV networks will offer their videos online, just the same as Netflix and YouTube.feedback

Feb 27 2017 - Netflix

So we are getting more and more efficient at using operators' bandwidth. In exchange what they are doing is trying to figure out … is how can we offer … unlimited video. It's a very compelling proposition.feedback

Feb 27 2017 - Netflix

What we are going to see is I think, a number of companies pioneering new ways of offering services … where it's unlimited video data but it's limited to say one megabit speed, it's a lower speed but you get unlimited data at that. That turns out to be really efficient on the networks, so the operator can offer unlimited viewing and what we've done is invest in the codecs, the video encoders, so at half a megabit you get incredible picture quality on a four or five inch screen.feedback

Feb 27 2017 - Netflix

It turns out that's a very high speed network. When a friend told me about DVDs and I realized, well that's 5 gigabytes of data and you know you can mail that very inexpensively, I realized that is a digital distribution network. And from that original exercise, it made me think we can build Netflix first on DVD and then eventually the internet would catch up with the postal system and pass it.feedback

Feb 27 2017 - Netflix

You can enjoy it and not be worried about data caps. That's where I think it is going now. We are investing at many levels ... to ensure the experience on mobiles, desktops and the internet is just instant. A number of pioneering players will start providing unlimited data at lower speed.feedback

Jan 28 2017 - Netflix

It is time to link arms together to protect American values of freedom and opportunity.feedback

Jan 19 2017 - Netflix

There was just the steady discipline of staying on our game of great shows, great movies and the enjoyment continues to increase.feedback

Jan 18 2017 - Netflix

The basic demand is increasing as people get more comfortable and more aware of Internet television where you don't get the commercial interruptions, where you get to watch where and when you want.feedback

Jan 18 2017 - Netflix

We have a long way to go when you think about all the movies and TV shows that we don't have.feedback

Oct 25 2016 - Netflix

It really depends on the content.feedback

Oct 25 2016 - Netflix

For a cable company what it does is it gets consumers to stay on their set top box as opposed to switch to an Apple TV or smart TV.feedback

Oct 25 2016 - Netflix

That's one more channel. If you don't watch Netflix some night what do you do? Sometimes you watch a movie, sometimes you watch sports, sometimes you're on YouTube or Facebook or Snapchat. We compete broadly for screen time-- that's not just against a TV provider it's against all the things you do with that screen.feedback

Oct 25 2016 - Netflix

We compete with FX, with AMC, with HBO, with so many networks, even with the broadcast networks for new shows and Amazon is one of those bidders, they're not even the biggest of those bidders. So it's one more bidder and they're doing some great work.feedback

Oct 25 2016 - Netflix

I think everybody looks at a business like ours and says, Are they going to be able to finance all those great investments?' But we have a market cap over $50 billion and $3 billion-$4 billion of debt. So it's like having a million dollar house and having $50K of debt on it.feedback

Oct 25 2016 - Netflix

That's what made us successful for the last 14 years is we've done no M&A. We've stayed out of all those discussions. We don't do bankers meetings. We're very old school in that way. Let's just build the greatest service on earth, and again, it's done very well for our shareholders.feedback

Oct 25 2016 - Netflix

There's a lot of AT&T investment in content, that could make things tougher. On the other hand it's probably going to get easier for us to recruit Time Warner executives, which are a very talented bunch.feedback

Oct 25 2016 - Netflix

Now that they're going to own HBO we think that any special treatment for HBO data would be inappropriate, but I think that's pretty basic.feedback

Oct 25 2016 - Netflix

The key thing is net neutrality, which has not been AT&T's favorite topic.feedback

Oct 25 2016 - Netflix

If it's open competition, we'd love that.feedback

Oct 17 2016 - Netflix

Then it's available to everyone, which is clearly what consumers want.feedback

Oct 17 2016 - Netflix

I think we've been very successful in finding technological ways of inhibiting the cross-border VPNs. Like I had mentioned, we didn't win the bidding for the [rights to] the Disney movies in the U.K., so it's clearly not fair to allow our U.K. subscribers to watch the Disney from Canada or the U.S. So we've found, with the help of the studios, some more technology to enforce their rights.feedback

Oct 17 2016 - Netflix

With more revenue, we can reinvest to further improve Netflix to attract new members from around the world, while continuing to delight our existing customers.feedback

Sep 20 2016 - Netflix

If I look at other markets it has been three years, so hopefully before then.feedback

Sep 20 2016 - Netflix

We are continuing to work on it. Same (problem) as it has always been - government permissions, we have to get a specific licence in China.feedback

Jul 20 2016 - Netflix

Disrupting a big market can be bumpy, but the opportunity ahead is as big as ever.feedback

Jul 19 2016 - Netflix

People don't like prices increases. We know that. It's a necessary phase for us to get through. And with the increases revenue, we're continuing to invest in better and better content. That's what makes us feel strong and positive about the long term. This is a short-term phenomenon.feedback

Jul 18 2016 - Netflix

We apologize for the volatility. I know it's not easy on everyone. The big picture is very much intact and we're very excited about it, so we're continuing to execute on growing the business.feedback

Jul 18 2016 - Olympic Games

Our global membership forecast for Q3 includes an impact from the spectacle of the Olympics.feedback

Apr 19 2016 - Netflix

In most of those countries, we've yet to see our full potential.feedback

Apr 18 2016 - Netflix

There are so many competitors and everyone is working hard to build the best content, and so we're seeing growth in the overall internet TV market ... and it's natural that everybody is coming in as they realize that the future is internet TV.feedback

Apr 18 2016 - Netflix

It plans to "phase out this grandfathering gradually over the remainder of 2016.feedback

Jan 20 2016 - Netflix

It had 74.8 million subscribers at the end of December and forecast 6.1 million more through March, fueled by its expansion this month into virtually every country except China.feedback

Jan 22 2015

For every country we know what we want to do, but in China we are still exploring our options. We'll learn a great deal if we can successfully operate a small service in China…That is our preference, for the next few years, if we are able to acquire the necessary permissions.feedback

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