Quotes By Reed Hastings
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.
Reed Hastings
About half my work in education is U.S. political reform around school districts and charter schools, and creating more room for entrepreneurial organizations to develop. And about half on technology, which I look at as a global platform.
Reed Hastings
Well, we're about 24 million subscribers today, and that's up from about 15 million a year ago, so it's a very high rate of growth, and that's what's exciting about the business - more and more people are getting smart TVs, they're watching Netflix on their iPads.
Reed Hastings
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.
Reed Hastings
I'm on the Facebook board now. Little did they know that I thought Facebook was really stupid when I first heard about it back in 2005.
Reed Hastings
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.
Reed Hastings
On the Internet you get continuous innovation, so every year the streams are a little better.
Reed Hastings
Think of Internet on the TV like the Web browser. The amount of time you spend on the PC in the browser is just going to grow continuously.
Reed Hastings
My first company, Pure Software, was exciting and innovative in the first few years and bureaucratic and painful in the last few before it got acquired. The problem was we tried to systemize everything and set up perfect procedures.
Reed Hastings
I think there will be 20 years of evolution from linear broadcast to internet television.
Reed Hastings
In fact, technology has been the story of human progress from as long back as we know. In 100 years people will look back on now and say, 'That was the Internet Age.' And computers will be seen as a mere ingredient to the Internet Age.
Reed Hastings
At Netflix, we think you have to build a sense of responsibility where people care about the enterprise. Hard work, like long hours at the office, doesn't matter as much to us. We care about great work.
Reed Hastings
What's got me excited about the education space is the growth of the Internet over the next 10, 20, 30 years.
Reed Hastings
Comparing Apple to Netflix is like comparing apples to oranges, especially if the oranges made so many mistakes that people stopped eating oranges and just went back to Blockbuster.
Reed Hastings
So much of the downstream revenue is linked to that initial excitement, to how much revenue is produced in the domestic box office. For example, what we pay for a film three years later is highly correlated to how well it did in the box office.
Reed Hastings
Fibre optic is becoming like electricity. If you look at how electricity spread around the globe 100 years ago, that's what's happening now.
Reed Hastings
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?'
Reed Hastings
We are seeing the beginning of things. Web 2.0 is broadband. Web 3.0 is 10 gigabits a second.
Reed Hastings
Most entrepreneurial ideas will sound crazy, stupid and uneconomic, and then they'll turn out to be right.
Reed Hastings
In the States, there's ESPN3, and each country has different options, and other than premiere league football, there tends to be very little global content. And movie and TV rights are pretty broad content.
Reed Hastings