Reed Hastings

Netflix launches in Cuba

Netflix has launched its streaming service in Cuba today. The US-listed company said that improving internet access and credit card payment options for consumers made the roll out possible. Cubans with an internet connection and access to international payment systems can become Netflix subs for US$7.99 per month. The launch comes as US-Cuban relations dramatically […]

Netflix raising $1.5bn for content and expansion

Netflix is raising US$1.5 billion in new debt and will use the cash to buy content and for “potential acquisitions”. The US-listed streaming company announced late yesterday it was raising the cash, via a US$700 bond issue due in 2022 and another US$800 bond issue due in 2025. Netflix initially said it was raising US$1 […]

Netflix to complete global expansion in two years

Netflix has said it plans to complete its global expansion, while staying profitable, over the next two years, outlining plans to up its footprint from 50 to 200 countries. In a letter to shareholders to announce its fourth quarter 2014 results, Netflix said that it plans to launch in Australia and New Zealand in late […]

Netflix coy on Spain launch talk

Netflix has reportedly denied renewed talk it will launch a subscription on-demand service in Spain next year. An executive at tech manufacturer Toshiba this week told a company event Netflix had confirmed it was launching in the territory, news that was widely reported in the local press. However, Netflix’s head of global communications Jonathan Freidland […]

Netflix boss predicts the end of broadcast TV

Netflix CEO Reed Hasting has said that broadcast TV’s days are numbered. The boss of the US-listed streaming service was speaking at a company event in Mexico this week when he made the bold proclamation that over the air TV will last another 16 years, suggesting it would become antiquated in the face of new […]

Netflix to plot more Euro launches next year

Netflix will decide next year which European markets to expand into next, with a three-to-five year goal to expand globally, according to Netflix co-founder and CEO Reed Hastings. Speaking on a keynote panel at the CTAM Europe EuroSummit in Copenhagen this morning attended by TBI’s sister title Digital TV Europe, Hastings, who was in Europe […]

Netflix launches in Austria

Netflix has followed up its launches in France and Germany by adding Austria to the list of countries in which its streaming video-on-demand services is available. The move means that Austrian consumers will have access to Netflix originals including Orange is the New Black and Bojack Horseman, as well as series airing for the first […]

Oz SVOD service launches stinging attack on Netflix

Australian on-demand service Quickflix has accused US rival Netflix of encouraging users to illicitly access the latter’s platform. In a strongly-worded open letter to Netflix CEO Reed Hastings, Quickflix CEO Stephen Langsford said Netflix was “enjoying a free ride in Australia” by ignoring “unauthorised ‘back door’ access” to its services. This was “taking revenue away […]

Netflix plans German content

Netflix aims to produce an original series in Germany, according to CEO Reed Hastings. Hastings told German news magazine Der Spiegel that the company would “certainly” produce something in Germany, one of the six European markets in which it is set to launch a service in the near future. Hastings told the magazine that his […]

Netflix makes French content pledge

Netflix will win the support of local content creators in France by spending money on productions, even if its Dutch base exempts it from contributing directly to the country’s content creation regime, according to CEO Reed Hastings. Hastings also said that France’s strict movies windowing system will not be a problem for the streaming video […]