Last quote by Reed Hastings
Reed Hastings quotes
It really depends on the content.
For a cable company what it does is it gets consumers to stay on their set top box as opposed to switch to an Apple TV or smart TV.
That's one more channel. If you don't watch Netflix some night what do you do? Sometimes you watch a movie, sometimes you watch sports, sometimes you're on YouTube or Facebook or Snapchat. We compete broadly for screen time-- that's not just against a TV provider it's against all the things you do with that screen.
We compete with FX, with AMC, with HBO, with so many networks, even with the broadcast networks for new shows and Amazon is one of those bidders, they're not even the biggest of those bidders. So it's one more bidder and they're doing some great work.
I think everybody looks at a business like ours and says, Are they going to be able to finance all those great investments?' But we have a market cap over $50 billion and $3 billion-$4 billion of debt. So it's like having a million dollar house and having $50K of debt on it.
That's what made us successful for the last 14 years is we've done no M&A. We've stayed out of all those discussions. We don't do bankers meetings. We're very old school in that way. Let's just build the greatest service on earth, and again, it's done very well for our shareholders.
There's a lot of AT&T investment in content, that could make things tougher. On the other hand it's probably going to get easier for us to recruit Time Warner executives, which are a very talented bunch.
Now that they're going to own HBO we think that any special treatment for HBO data would be inappropriate, but I think that's pretty basic.
We don't take any of the calls.
The key thing is net neutrality, which has not been AT&T's favorite topic.
If it's open competition, we'd love that.
Then it's available to everyone, which is clearly what consumers want.
I think we've been very successful in finding technological ways of inhibiting the cross-border VPNs. Like I had mentioned, we didn't win the bidding for the [rights to] the Disney movies in the U.K., so it's clearly not fair to allow our U.K. subscribers to watch the Disney from Canada or the U.S. So we've found, with the help of the studios, some more technology to enforce their rights.
With more revenue, we can reinvest to further improve Netflix to attract new members from around the world, while continuing to delight our existing customers.
If I look at other markets it has been three years, so hopefully before then.
We are continuing to work on it. Same (problem) as it has always been - government permissions, we have to get a specific licence in China.
Disrupting a big market can be bumpy, but the opportunity ahead is as big as ever.
People don't like prices increases. We know that. It's a necessary phase for us to get through. And with the increases revenue, we're continuing to invest in better and better content. That's what makes us feel strong and positive about the long term. This is a short-term phenomenon.
We apologize for the volatility. I know it's not easy on everyone. The big picture is very much intact and we're very excited about it, so we're continuing to execute on growing the business.
Our global membership forecast for Q3 includes an impact from the spectacle of the Olympics.
In most of those countries, we've yet to see our full potential.
There are so many competitors and everyone is working hard to build the best content, and so we're seeing growth in the overall internet TV market ... and it's natural that everybody is coming in as they realize that the future is internet TV.
It plans to "phase out this grandfathering gradually over the remainder of 2016.
It had 74.8 million subscribers at the end of December and forecast 6.1 million more through March, fueled by its expansion this month into virtually every country except China.
For every country we know what we want to do, but in China we are still exploring our options. We'll learn a great deal if we can successfully operate a small service in China…That is our preference, for the next few years, if we are able to acquire the necessary permissions.