this. i am glad im not the only one for whom this aspect kind of stuck out for. he answers the questions not only with empathy, directly, clearly, but he also shows that he has a clear direction, vision, and knows what he and the brand stands for. it shows hes on top of things at netflix, and has a clear idea of where he wants to take it.
Hats off to the New York Times. This is a fantastic video! I usually don't watch 30 min videos nor do I write comments, but this is just gold. I am writing this comment so that the RU-vid algorithm recommends this to other people. Reed is crystal clear about how he wants to guide the company. No wonder investors value this stock.
People started to ridicule Netflix for creating Original Content a few years back, but they foresaw the future competition and how to withstand the mega giants ( Apple and Disney ) and survive the war.
This dude is so smooth answering questions and promoting his company at the same time, he almost makes me want to subcribe to netflix even though I already have an account.
Because Disney plus if it came out 2 years ago would have taken off better than now because Netflix 2 years ago had content that they don’t own but after they began putting their own content out and their original content is what people are hooked on now and know they want to strengthen this
8:43 “I’ll subscribe, they got great shows.” - Ladies, gents or others this is ultimate confidence is your ability to compete constantly. Every entrepreneur should maniacally utilize their comp’s platforms.
@@kaine3805 well he's not trying to throw insults in the way Eiger has so I'll take that. Disney accuses them of not making meaningful content yet they steer clear of anything that even might be controversial. Hypocrisy at its finest
that's the difference between Netflix and Disney+. Disney + is only interested in locking customers in for weekly releases which is just going back to cable and it's baffling ppl support that
This guy knows what he’s talking about. I have Hulu, HBO, Showtime (trash), and Netflix. And most of my entertainment is on Netflix and HBO. As in, I only watch Hulu when I wanna remember what the logo looks like. Only got it with a Spotify bundle. Not interested in Apple or Disney. Too much content, I’ll just go crazy.
Reed has become an excellent face of a massive public company, his unique style of reframing questions is really something we all can learn from. I certainly see why news corporations need multiple 'opponents' going against each other, but if you truly want to make to make sense of the direction premium subscription media is heading, start with the fact that there will be a few winners in the war. Today, on average there are 3 subscriptions per streaming household. We are going to see a bunch of new players like HBO Max, Peacock, Quibi and even a service by Discovery and BBC. We are going to have multiple major streaming services, all specialising in a certain type of content, while also offering substantial evergreen, mainstream movies and shows.
He doesn't care all the nonsense, just trying to make Netflix as best as possible, which I think they did. He is on point, when I switch on the TV, the first thing I did is scrolling through Netflix. I don't think it's realistic to have two streaming service, because most people only have few hours to watch TV a day.
This interview clearly shows that Old Economy is based on a linear thinking value chain and the digital economy is fueled by multilateral thinkers and value chains. It's a dispute between Local thinking+global impact and Global thinking+global service. And the winner is Global thinking + Global Service #Netflix.
Sebastian lmaooo. That man is a billionaire. He can sit however he would like. His story is amazing. Everyone laughed at him. He stuck through and won 🤷🏽♂️
Hastings might seem to some like an ninja answering these questions (which are pretty tough), but it becomes pretty effortless for him to answer, and should be for everybody else who works at Netflix too, as long as they are dead clear about their values and are 100% focused on their road map. If they are wrong about them is however another question, and is something only time will tell
The Netflix guys is totally relaxed about the competition and the interviewer asks questions as if only what happens in the states matters and he is sooo far off the truth, Netflix is a global phenomenon, the competition is increasingly far behind , how many of those streaming networks are present in the global market ? Apart from Netflix and Amazon no competitor in sight.
Netflix is still number one in my book. They have incredible quality of content and diverse content. I found Korean shows on Netflix, incredible content, I watch mostly subtitles and I'm Caucasian Canadian. Netflix has the nicest platform to navigate as well. They serve their customers it's obvious.
Exactly, that's what everyone doesn't get. The US isn't all that matters. One of my most anticipated shows coming next year is Kingdom, a Korean period drama with a zombie element and its so good. I can find these culturally distinct shows I definitely won't find on Disney+
Hi Reed! This was a great interview and I enjoyed your insight into Netflix’s business. I love how you say that you’re in the “pleasing your members business” as well as focused on making amazing content. But you know what pleases your members and enhances the joy of consuming your amazing content: amazing user experience. And while Netflix really got strong in this area, you’ve really been neglecting even simply executed improvements in the last years. I have many ideas, if Netflix like to sincerely hear some of my wishes for improvement please tell me who to connect with. Thanks!! I so hope someone from Netflix reads this because I want to stay a fan but you’re making it hard!
It makes sense since they can't control these tyrants, they can do everything in their power and remove the episode but at the same time make people aware of other living standard globally through all the other stories on Netflix. Kinda badly worded by him tho. And also, the episode is available on RU-vid so there's no harm done.
I think something all of these streaming platforms have missed and Hastings actually touches on it as a negative when I don't think hostically it is, is the idea of linear tv. It's not totally a bad thing, insomuch as I love Netflix and RU-vid etc. And I like it's suggestion engine, recommendations, subscriptions and the like. But actually sometimes I want someone to pick for me, and thats what linear TV does. I want to be able to just turn on my tv (or in this case my computer phone tablet etc) and just watch something, and it maybe something that I wouldn't have picked, or in some cases don't even like or enjoy, but it exposes me to new things that are outside of me and my preferences. Non linear streaming has also created the tyrrany of selection, and what I mean by that, and you see it most prominently in politics, is now we can proactively pick our news sources, we only choose those sources we gel with. So when linear TV was the only option, you either watched the news or you didn't, and you were exposed to a variety of views, now we have created what people call 'the echo chamber' of our own views, and this is causing rifts i society where people cannot get along whilst having different opinions because we've siloed people into ideological islands. Similarly happening now in entertainment and what this will ultimately lead to is more of less. So more content but about fewer and fewer tastes and ideas and philosophies. Basically unless Netflix and the like grapple with this they're sowing the seed of their own destruction because when everything starts becoming more of the same, then why should I use Netflix?
CEO, more like a Pioneer of the concept, ask him about direct steaming from Production Studios, and if it's better than what we see at Movie Theaters now
When the execs started asking questions and throwing shade Reed hit them with the famous Drake line "Just give it time, we'll see who's still around a decade from now."
Netflix's stock dropped by about 3% yesterday because of the news that Disney got 10 million subscribers on the first day. Today, it's back up 2.5% so far. Basically, the smart people are buying up all the shares from the idiots who panicked yesterday. Gotta love people who panic at the drop of a hat. That's when there's a buying opportunity. Fact is, Disney+ is just riding high on the hype. That will fade in several months.
@@JR-yu5tf But it will. The $1 billion a year Disney plans to spend on content for the service is peanuts compared to Netflix. People will get bored with the sparse new content over the next several months. It will become more like a niche Showtime or Starz, not a core streaming service like Netflix. The value is just not there.
Interviewer: Why did you censor an episode of one of your shows at a dictator's command? 14:36 CEO: "We don't feel bad about that at all. We want to create a room for all of our entertainment to be able to be seen around the world." Comment section: This guy answers questions like a boss.
The name of that swedish show is Quicksand, not Quicksilver. He's trying to argue that Netflix is not just a volume platform, yet he literally can't remember the names of the shows that his company is producing.
On the one hand, when the tired movie business looked like it was in the last stages of a mature industry having failed to drive innovation itself and with ever dimming and declining box office potential in theaters and with DVD revenue evaporating and the risks of betting the house on blockbuster movies growing ever greater, it would seem Hollywood finally found a sucker and from among the very enemies they feared the most - the disintermediaries. So Hollywood dusted off every marginal treatment and script in the library and sent them all to NF, Amazon and the rest of the streaming networks who, lo and behold, manna from heaven, bought them at absurdly high production budgets - or bought them at all - spending not "a small fortune" but a huge fortune - bank breaking total investments with business models that are not tied to viewership and not tied to revenue generation, just dumped into a homogeneous common pot of subscription content at an annual cost that exceeds $35 billion -- $20 billion MORE than Hollywood grosses in a year in the US and almost as much as annual global revenues. Hollywood's enemy has become their best friend, their willing victim and their saving grace. Sheer insanity. Who knew? And how Netflix and Amazon will ever hope make enough money to make a profit on their investments when they all just get dumped into a common pot and left to the devices of subscribers to decide which ones to watch is beyond comprehension. What if no one watches them? No one is forced to watch so it is entirely conceivable that some of this new "content" may go unseen by anyone like books in a library that no one ever checks out. By the time you know whether it's a hit or a dud it's too late. If it's a dud, too late - the money's been spent. If it's a hit - too bad you can't charge more for it and you won't make more from it. On the other hand, the lifetime value for even mediocre "content" (nee "movies and tv shows") is enormous because of syndication. Every one of these Netflix Originals or Amazon Originals has a revenue generating future life ahead in syndication on each other's networks, cable networks and local broadcast. We're already seeing it in the third party productions that show up on Amazon for a few years and then move over to Netflix or vice versa (Jack Taylor comes to mind with Season One now on NF while multiple seasons have been on Amazon for several years). This will be the true business model of the streaming networks just as it was for broadcast and Hollywood and it will go on virtually forever finally showing up as reruns on local tv stations at 3 am. A dollar spent on original content that can be syndicated is worth thousands more than a dollar spent on licensing somebody else's content. Sheer insanity may just be sheer genius!
I wonder what Hassan’s thoughts are about his show being purely for entertainment. He and his team seem to put a lot of effort into being factual and getting their story straight.
Hearing all this corporate journalist questions all about trying to entice Netflix CEO to go the cable TV's way, meaning profit for shareholders at all costs without real concern about consumer needs and time. These things are why Netflix came about and have led cable TV to its demise, it seems they are all irritated by the CEO focus on what consumers want; no adds, better shows, reasonable pricing,... those things seem to irritate them but they are what makes Netflix great to consumers who pay for the service. You can tell that they are irritated why Netflix resist the TV mantra ideology of trying to gauge the consumer as much as possible while saving as much as possible on satisfying consumer needs(crapy shows, disrespect of consumer time by booking more adds time than the content itself), but Netflix understands that with today's internet world they have lost the ability to play the consumers as cable used to, that the day they will introduce adds as TV did will be their end as a leader in the streaming industry, because some small unknown company will step in to do what consumers want...
There's so much opportunity to involve tech and social experiences in content. Would be so cool to see other people's (in my circle) thoughts about a show or movie time-stamped. SoundCloud used to do this really well. Otherwise I worry that all the content spend will be only enough to keep people for a marginal month vs Disney's franchises that have replay value. I think back to bird box, fantastic movie that I talked about a lot with my friends when it came out. Haven't heard a word about it since. Content production is a difficult, low margin business. All the while you have some of the best engineers in the valley. It just doesn't make sense to run head on to where everyone else is going vs blazing your own path which is what grew the business so large in the first place.
The Interviewer was really bad and very american focused and Reed was trying to tell him there is a global market that exist partly why Netflix will dominate on a global scale is because they are not just focusing on the U.S market
I'm surprised Netflix does as well as it does. All of the content is really low quality, and they're low in volume too. Stopping by the library and grabbing a DVD blindfolded will yield better content, as will RU-vid much of the time.
