Hastings appeared on the TV program ahead of his panel at the Code Conference in Rancho Palos Verdes, California on Wednesday. "Everything Amazon does is so incredible". Since then, they have branched out to do more series and films tackling issues that normal broadcast stations might not be too keen on taking. "So, we've canceled very few shows. I don't know if they are the biggest, but they are awfully scary". AMZN share are trading around $993.
Hastings sees Amazon an "awfully scary" competitor, though he stopped short of saying it was Netflix' biggest threat. According to him the e-commerce giant is now spending almost $4 billion on content. "Because we should have a higher cancel rate overall". "These are two winners of that description, Amazon with Prime and Netflix with its own service".
Says Hastings: "We don't really want to fight with anyone..." "Mostly, it is how many people watch".
He also pointed out that it will continue spending money on original content beyond the $6 billion it dished out this year.
Hastings was asked if Netflix wants to leverage its subscriber base for something other than the company's core content offering.
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Still, it's unclear from this one interview if pre-existing shows on Netflix are more in trouble than before; maybe it's just that Netflix won't approve some truly ridiculous new shows?
Netflix is nearing saturation in the U.S.
Netflix isn't getting into live sports, and CEO Reed Hastings has a fairly simple way of explaining why an entertainment company wouldn't look to do so. "There are so many great shows we don't have yet", he stated.
You might recall that Netflix was singing a very different tune a few years ago, when reports began to emerge that giant ISPs like Verizon, AT&T, Comcast and Charter were intentionally letting their interconnection points congest in order to kill settlement-free peering and extract additional, duplicative tolls from content and transit companies.
As to whether it would raise Netflix's costs if the rules were changed, Hastings said he didn't think so. But, Hastings said the debate will not last forever, as he predicts the eventual demise of traditional theatrical "windows", the periods between a film's theatrical release and its availability for home-viewing online or in the form of a Blu-Ray/DVD.