Leaked emails show that Hastings tried, unsuccessfully, to recruit Michael Lynton to serve on Netflix’s board of directors at the end of 2013.
The video streaming service led by CEO Reed Hastings launched in France and Germany this week, part of its previously announced plan to focus on international expansion to grow subscribers over the next year. Netflix, which has about 48 million global subscribers, roughly 12 million of them in international markets, plans to launch in four more European countries in the next year.
Barry Diller’s IAC, Tumblr’s David Karp, Netflix’s Reed Hastings and other have all donated to Wu’s campaign, largely because of the lieutenant governor candidate’s opposition to the Comcast/Time Warner merger and support for net neutrality.
The company wants Netflix to back off from calling its internet service slow.
New customers will pay $8.99 for streaming, and old customers will get to pay $7.99 for two more years.
The streaming video service’s CEO, Reed Hastings, made the comments in his first-quarter letter to shareholders. Netflix also said it added 4 million global subscribers for a total of 48.35 million.
Securing approval for its $45.2 billion deal will be a bare-knuckle brawl unlike any other Comcast has faced.
In a blog post on Netflix’s website, Hastings lays out the case for stronger net neutrality. It comes just a few weeks after Netflix inked a deal with Comcast for faster access.
Reed Hastings, when asked for his thoughts on HBO’s view that it doesn’t mind users sharing HBO Go passwords, joked that his rival Richard Plepler’s password was “Netflix Bitch.”
You’d be surprised just what you can Watch Instantly.
The company needs to spend money on content to continue growing its subscriber base. But the cost of content is hurting its profit growth.
Netflix, led by CEO Reed Hastings, now has more U.S. subscribers than HBO and ranks as the most-watched cable network by certain metrics. Small wonder its stock is up about 300% this year and is one of the best performing stocks in the S&P 500.
Netflix just reported its third-quarter earnings, with its EPS nearly quadrupling. Netflix now has 40 million subscribers.
Icahn is as well known for his fiery temper and pointed one-liners as he is for his hedge fund’s activist investing.
Far from innovative, it was just as dull as any other earnings call, and more confusing to follow.
In a first, the online video service received Emmy nominations for House of Cards and Arrested Development. While recognition is nice, what Netflix really wants from the awards ceremony is more subscribers.
The Blind Side plan is a steal!
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Netflix CEO Reed Hastings has issued an apology for the way he handled recent changes in pricing and subscription services. His letter was sent to Netflix subscribers and also published on the Netflix website. Read the full letter here.
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