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Interactivity is a big part of video games, which have been a big part of entertainment for 20 years. That's what we think of as a 'lean-forward' type of entertainment. It's much more intense. But TV is more of a 'lean-back' entertainment - so the big improvement there is on-demand, because it conforms to your schedule.
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
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When there's an ache, you want to be like aspirin, not vitamins. Aspirin solves a very particular problem someone has, whereas vitamins are a general "nice to have" market.
Reed Hastings -
On the Internet you get continuous innovation, so every year the streams are a little better.
Reed Hastings -
I watch mostly independent films.
Reed Hastings -
Something will eventually replace the Internet. But it's hard to know what and when it will happen.
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 -
What's got me excited about the education space is the growth of the Internet over the next 10, 20, 30 years.
Reed Hastings
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Human entertainment will have moved on to something new. Then the ultimate challenge for us is, can we figure out what that new form of entertainment is?
Reed Hastings -
Companies rarely die from moving too fast, and they frequently die from moving too slowly.
Reed Hastings -
But as an entrepreneur you have to feel like you can jump out of an aeroplane because you're confident that you'll catch a bird flying by. It's an act of stupidity, and most entrepreneurs go splat because the bird doesn't come by, but a few times it does.
Reed Hastings -
I learned the value of focus. I learned it is better to do one product well than two products in a mediocre way.
Reed Hastings -
I hate the photo shoots. I hate all that stuff.
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
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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 -
Tomorrow when you come to work, if it doesn't make the customer happy, move the business forward, and save us money - don't do it.
Reed Hastings -
In the U.S., HBO is a very aggressive service.
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 -
If the Starbucks secret is a smile when you get your latte... ours is that the Web site adapts to the individual's taste.
Reed Hastings -
I've worked very hard, but my life's always been fun.
Reed Hastings
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I don't know of any Internet service that opens on a regional basis.
Reed Hastings -
The Netflix brand for TV shows is really all about binge viewing. The ability to get hooked and watch episode after episode.
Reed Hastings -
Great leaders, like Steve Jobs or Jeff Bezos, also focused on the long term.
Reed Hastings -
In the long term, you have to believe that movies and TV shows will be like the opera and the novel, pretty nichey businesses.
Reed Hastings