Sunday, July 25, 2021

NETFLIX’S HASTINGS AGREES WITH CRITICS

December 7, 2011 by · Leave a Comment 

Netflix chief Reed Hastings has echoed some of the criticism directed against him by financial experts and investors. Appearing at a media conference in New York on Tuesday, Hastings agreed that he had “got overconfident” and moved too fast in his effort to convert his DVD-renting customers into online streaming ones. “Our big obsession for […]

NETFLIX RESCUES ARRESTED DEVELOPMENT; WHO’LL RESCUE NETFLIX?

November 21, 2011 by · 1 Comment 

Netflix, which has been sharply criticized by some analysts for taking on content deals that threaten to break its back financially, is taking on another one. This time it’s the revival of the long-ago-canceled comedy series Arrested Development. Netflix said over the weekend that it plans to make an unspecified number of new episodes available […]

HASTINGS: NO PLAN TO QUIT NETFLIX

October 24, 2011 by · 1 Comment 

Netflix founder Reed Hastings says he has no intention to step down following the furor over his decision to raise subscription prices substantially and his failed plan to split the company into a DVD-by-mail and DVD-by-streaming rental companies and the subsequent backlash from shareholders. In an interview with the New York Times‘s Sunday magazine, Hastings […]

EBERT DEFENDS NETFLIX CHANGES

September 23, 2011 by · Leave a Comment 

After weeks of being raked over the coals for his decision to increase Netflix’s fees to subscribers and split his company into separate streaming and DVD-by-mail units, Netflix CEO Reed Hastings is finally getting some decent reviews. Among them is Roger Ebert’s in the Chicago Sun-Times. “Netflix has done what it had to do,” he […]

FACEBOOK AND NETFLIX FORM AN ALLIANCE — BUT NOT IN U.S.

September 23, 2011 by · 1 Comment 

Reed Hastings joined Facebook founder Mark Zuckerberg on stage at Facebook’s f8 conference on Thursday, where the two announced a joint arrangement that would allow Canadian users to connect their Facebook and Netflix accounts to see what their friends are watching and quickly order up a movie or TV show for streaming via the Facebook […]

NETFLIX BATTERED AGAIN

September 20, 2011 by · 2 Comments 

Subscriber outrage over the decision by Netflix to spin off its DVD-by-mail business into a new company called Qwikster flooded movie-related websites on Monday, as shares in the company continued to plunge. In late trading today (Tuesday) they were down more than 8.52 percent to $131.50, hitting a 52-week low. In July they had hit […]

NETFLIX SHOOTS ITS OTHER FOOT

September 19, 2011 by · Leave a Comment 

Those square red envelopes that have long identified Netflix DVD deliveries will soon be replaced by ones bearing the logo “Qwikster,” Netflix CEO Reed Hastings said on Sunday as he posted a public apology about recent moves by the company that have driven away a million subscribers and driven down its stock. Hastings said that […]

NETFLIX TO REFOCUS ATTENTION ON DISCS

June 2, 2011 by · Leave a Comment 

Netflix may be rethinking its current strategy of phasing out disc rentals and moving towards an all-streaming service. As reported by Home Media magazine, Netflix CFO David Wells told an investors conference in New York on Wednesday that Netflix plans to refocus its attention on disc rentals. “We’re looking down the road at both re-energizing […]

NETFLIX NOW SECOND-LARGEST MOVIE “CHANNEL”

January 27, 2011 by · 2 Comments 

More people may be watching movies on their TV sets and computers from Netflix’s streaming service than are watching movies via pay-TV services Starz and Showtime, the Wall Street Journal observed today (Thursday). The newspaper observed that Netflix added 3.1 million new subscribers over the December holidays, bringing its total number to more than 20 […]

WHEN NETFLIX PROPOSED A JOINT DEAL WITH BLOCKBUSTER

December 14, 2010 by · Leave a Comment 

CNET News has uncovered a 2008 interview with outgoing Netflix CFO Barry McCarthy that appeared in the Unofficial Stanford blog, in which McCarthy tells of a meeting in 2000 between Blockbuster CEO John Antioco and Netflix co-founder Reed Hastings in which Hastings proposed a partnership. In the interview McCarthy said, “Reed had the chutzpah to […]

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