A biography for Reed Hastingshasn’t been written yet.
“At Netflix, we think you have to build a sense of responsibility where people care about the enterprise. Hard work, like long hours at the office, doesn't matter as much to us. We care about great work.”
“I hate the photo shoots. I hate all that stuff.”
“There is a revolution happening, and within two years I think that Wi-Fi and Netflix will be built into all the televisions.”
“I'm an HBO subscriber, and I watch a bunch of great shows on HBO.”
“I don't know of any Internet service that opens on a regional basis.”
“It turns out that all Netflix streaming peak on Saturday night can fit inside a single fiber optic, which is the size of one human hair.”
“Well, we're about 24 million subscribers today, and that's up from about 15 million a year ago, so it's a very high rate of growth, and that's what's exciting about the business - more and more people are getting smart TVs, they're watching Netflix on their iPads.”
“We have a very wide range of content, but the brand-newest movies, what's happening with those is a $30 pay-per-view option - not from Netflix but from DirecTV and others - of movies that are in the theater.”
“It is clear that for many of our members two websites would make things more difficult, so we are going to keep Netflix as one place to go for streaming and DVDs.”
“Our brand at Netflix is really focused on movies and TV shows.”
“I founded Netflix. I've built it steadily over 12 years now, first with DVD becoming profitable in 2002, a head-to-head ferocious battle with Blockbuster and evolving the company toward streaming.”
“My first company, Pure Software, was exciting and innovative in the first few years and bureaucratic and painful in the last few before it got acquired. The problem was we tried to systemize everything and set up perfect procedures.”
“How much has it been your experience that Americans follow what happens in the world?”
“But as an entrepreneur you have to feel like you can jump out of an aeroplane because you're confident that you'll catch a bird flying by. It's an act of stupidity, and most entrepreneurs go splat because the bird doesn't come by, but a few times it does.”
“I watch mostly independent films.”
“I've worked very hard, but my life's always been fun.”
“School districts in the US don't adopt technology very quickly.”
“Fibre optic is becoming like electricity. If you look at how electricity spread around the globe 100 years ago, that's what's happening now.”
“So much of the downstream revenue is linked to that initial excitement, to how much revenue is produced in the domestic box office. For example, what we pay for a film three years later is highly correlated to how well it did in the box office.”
“When we think about online learning, it's such 'early days.' Bill Gates is a wildly smart insightful guy. Yet, even a guy as smart and insightful as that, 30 years ago can say things like, 'Who's every going to need more than 640K of memory?'”