Reed Hastings

Businessman

1960-10-08

Quotes by Reed Hastings

• Stone Age. Bronze Age. Iron Age. We define entire epics of humanity by the technology they use.

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• 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.

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• 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.

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• Most companies that are great at something - like AOL dialup or Borders bookstores - do not become great at new things people want (streaming for us) because they are afraid to hurt their initial business.

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• There's a finite market for DVD-by-mail, and the growth over the next 10 years will be in streaming.

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• On the Internet you get continuous innovation, so every year the streams are a little better.

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• I'm an HBO subscriber, and I watch a bunch of great shows on HBO.

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• Our brand at Netflix is really focused on movies and TV shows.

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• If the Starbucks secret is a smile when you get your latte... ours is that the Web site adapts to the individual's taste.

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• 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.

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• 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.

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• 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?'

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