Posted on Thursday, December 8th, 2011 by Angie Han
The worst of the Netflix backlash may be over, but that doesn’t mean it’ll be nothing but smooth sailing for the company from here on out. Even as services like Amazon and Hulu ramp up their offerings to compete with Netflix, Verizon has just announced that it too plans to jump into the fray, as it plans a major partnership with Redbox. Meanwhile, during a recent presentation Netflix CEO Reed Hastings named HBO Go as his company’s primary competition, noting that “They’re not competing directly with us, but they can.” More after the jump.
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Posted on Monday, October 10th, 2011 by Angie Han
Less than a month after Netflix unveiled a new plan to split off its DVD-by-mail service into a separate service called Qwikster comes news that the company has now reversed that very unpopular decision. In a blog post this morning, CEO and co-founder Reed Hastings announced that the company would be dropping the Qwikster idea entirely, and that DVD-by-mail would remain part of Netflix along with the streaming service. More details after the jump.
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Posted on Tuesday, September 20th, 2011 by Angie Han
The company that once seemed like it could do no wrong as of late seems like it can do no right. In a blog post published Sunday night, Netflix CEO Reed Hastings apologized to customers for “lack[ing] respect and humility in the way we announced the separation of DVD and streaming, and the price changes,” and revealed that the company would now be splitting off its DVDs-by-mail service completely into a new service called Qwikster. But rather than soothing irate customers, the move has seemingly only further antagonized members and shareholders. Read on after the jump.
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At a recent digital media conference in California, Netflix CEO Reed Hastings took the stage and laid out a ton of information about where he thinks his company will go in the next few years: What it will do, what it won’t do, and what he’d like it to do. From various accounts of the Q&A, which took place at the AllThingsD conference in Rancho Palos Verdes, it seems like Hastings has a good grasp on why Netflix is working (streaming content), how it can improve (social integration) and why it will never be iTunes or Hulu (too expensive). Read more after the jump. Read More »