Reed Hastings

TBI Weekly: Six takeaways from Netflix’s Reed Hastings at RTS

Considering Netflix CEO Reed Hastings was only on stage for 30 minutes at the Royal Television Society Convention in Cambridge on Friday, he covered a fair bit of ground. From his views on acquiring production companies (not likely), to spending more cash in the UK (upwards of $500m next year) and embracing ratings agency Barb, […]

Netflix CEO Reed Hastings says $500m UK spend to rise in 2020

Netflix CEO Reed Hastings has said the streamer will spend £400m ($500m) on UK programming this year and added that there would be a “big increase” in 2020 as the company’s investment in the country continues to soar. The streamer’s UK slate to date tops 50 shows including Black Mirror, Sex Education and The Crown, […]

TBI Weekly: What Netflix’s Q2 tells us about its long-game strategy

Netflix’s Q2 results rang alarm bells this week after the business revealed it had lost 130,000 domestic subscribers and undershot its international subs target by 1.9m, but in explaining the quarter to investors, Netflix bosses also illuminated key areas of its “long-haul” strategy.  1. Benchmarks are emerging We may be a ways off from Netflix […]

Netflix shares dive 12% after big subscription miss

Netflix shares have slumped by more than 12% after the world’s biggest streamer revealed a big miss in its predicted subscriber growth and a loss of 130,000 customers in the US. The second quarter results proved grim reading for the streaming giant, which has been increasing prices over the past six months including hikes of […]

Netflix’s Hastings to keynote at RTS

Netflix CEO Reed Hastings is to deliver a keynote address at this year’s Royal Television Society (RTS) convention, which takes place this September in Cambridge, UK.   Hastings will appear as an international keynote for the RTS Cambridge Convention alongside fellow speakers including ABC Studios’ exec VP of business operations Howard Davine; Tim Hincks, co-CEO of […]

TBI Weekly: Five takeaways from Netflix’s Q1 results

Netflix beat expectations all round for its first quarter results of 2019, drawing $4.52bn for Q1 and 9.6m new members, but here are five tidbits you might have missed from its earnings call with the streamer’s bosses. Disney is welcome competition Netflix boss Reed Hastings was keen to emphasise that new competition only makes the […]

Reed Hastings: Netflix won’t be part of Apple offering

Netflix CEO Reed Hastings has confirmed that Netflix will not be part of the new Apple streaming offering, details of which are expected to be unveiled next week. Speaking at a press event, Hastings said that Netflix’s goal is to have people watch its content on its own service, and that the streaming giant would […]

Netflix: Disney+ will be a “formidable” partner

Netflix boss Reed Hastings has said that Disney’s SVOD service will be a “formidable” partner for the streaming giant when it launches next year. The exec told the BBC that Disney+, which was unveiled last week by CEO Bob Iger, has got “so much content [like] Star Wars and Marvel, they’ll be a great competitor. […]

Netflix opens Paris office, agrees 2% tax on revenues

Netflix has opened a fully staffed Paris office, while agreeing to a 2% tax on annual revenues in France. The French office – which follows bases in Amsterdam and London – will have around 20 staff who will be a mix of new hires and employees relocating from Amsterdam, where the streaming giant opened shop […]

Netflix CFO David Wells steps down

Netflix’s chief financial officer David Wells is to step down after helping the company choose his successor. Wells, who joined Netflix in 2004 and has served as CFO since 2010, will stay until a successor takes the role for a smooth transition. The search for a new candidate will include both internal and external applicants. […]

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