Reed Hastings

Netflix commits to Korean originals

Netflix has said it will make original programming out of South Korea. Visiting the country for the first time in his capacity as Netflix cofounder and CEO, Reed Hastings told local press that the Korean market is well-suited to Netflix. “Korea is an optimal market for Netflix as the nation has a high level of […]

Netflix: VR not compatible with binge-viewing

Top Netflix execs are not buying the clamour for virtual reality experiences. In an interview with VentureBeat, Netflix CEO Reed Hastings (pictured) said fully immersive content is not compatible with the streaming service’s binge-watching model. With VR, “you’re exhausted after 20 minutes,” he said. “We are more focused on a lean-back, relaxing experience.” “I can’t […]

Netflix ‘not worried’ by Vivendi, Mediaset

Netflix boss Reed Hastings has said he is not worried by the prospect of direct competition from the combined forces of Vivendi and Mediaset in Europe, adding that the SVOD company’s progress in Italy so far has been in line with expectations. Vivendi and Mediaset, two of Europe’s biggest media companies, said yesterday they will […]

Netflix passes 75 million users

Netflix passed the 75 million member mark on January 1 after adding more than 17 million users last year, according to its latest quarterly report. In a letter to shareholders, Narcos network Netflix said that it added a record 5.59 million members in the fourth quarter of 2015, exceeding its forecast of 5.15 million and […]

Seven hurdles Netflix must overcome before it is a global player

This week, Reed Hastings, CEO of Netflix, announced its launch in 130 more countries, bringing its total reach to more than 190 countries. This is a bold and courageous move to create a global SVOD platform. However, Netflix is aware that there is still plenty of work to do in order to create a worldwide business. I think that […]

NATPE survey: SVOD to drive scripted boom

Major SVOD platforms will play the biggest role in expected growth in the number of scripted programming hitting the market, according to executives survey in a new NATPE poll. Some 75% of NATPE members believe the likes of Netflix, Amazon Prime Instant Video and Hulu will be the biggest players on the scripted market in […]

Netflix CEO says there is ‘not enough TV’

Netflix boss Reed Hastings has said there is not “nearly enough” TV content, coming out in strong opposition to the likes of FX boss John Landgraf who has said there is a glut of programming that is causing a ‘malaise’ among viewers. The Netflix chief added that Netflix will be investing in more content for […]

Netflix shares drop as third quarter disappoints

Netflix missed its US target for new customer sign-ups and reported lower than expected operating income in its third quarter results, resulting in a significant share price drop. The subscription video-on-demand service added 880,000 new US members in the quarter, compared to 980,000 in the prior year and a forecast of 1.15 million. Netflix attributed […]

Sweeney joins Netflix board

Former Disney-ABC Television president Anne Sweeney has joined the board of streaming service Netflix. Sweeney was in charge of The Walt Disney Company’s television operations when it scored a major original production deal with Netflix in October 2013, and now joins the SVOD platform’s board. Sweeney exited Disney in January after 11 years running its […]

Netflix sets Australasian launch date

Netflix is due to launch its subscription video-on-demand service in Australia and New Zealand on March 24, it has announced. Netflix will be available on all major Australian broadband operators, while iiNet has agreed the first “un-metered” agreement with the video service in Australia, giving customers unlimited access to Netflix with the usage not counting […]