Netflix CEO wants the company to take more risks on its shows

Posted June 03, 2017

"Everything Amazon does is so unbelievable". "They're not doing 'House of Cards.' We're not bidding on the same shows".

Hastings added, "It's like they are trying to repeal the basic laws of business of limited capability so, we are continuing to watch them and be impressed by them". That said, Amazon is "helping to grow the industry because they are investing in the content".

In other words, Netflix still has a dog in the net neutrality debate, but it has much bigger dogs in other fights, and it's choosing to focus on them.

"They are awfully scary I would say", the CEO continued. AMZN share are trading around $993. According to him the e-commerce giant is now spending almost $4 billion on content.

When Netflix's films were shown, some people in the audience booed. "Because we should have a higher cancel rate overall, '" Hastings explained. "These are two winners of that description, Amazon with Prime and Netflix with its own service".

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An issue that would have been a bigger concern for "the Netflix of 10 years ago", Hastings said. The controversy drew attention and may mean that people will know about a movie that they may never have discovered or watched. As we grow the membership base, we want to grow the content budget. "It surprised us. It was a great show, but we didn't realize just how it would catch on".

Netflix is nearing saturation in the U.S.

This is similar to those old adages like "you miss 100 percent of the shots you don't take" and "I didn't fail, I just discovered 1,000 ways not to make a lightbulb".

"Never has there been a more truly global show with an equally diverse and worldwide cast and crew, which is only mirrored by the connected community of deeply passionate fans all around the world". Google and Netflix, at once point fierce supporters of net neutrality, have already been notable no-shows this go round as large ISP lobbyists push regulators and Congress to kill the popular consumer protections. He also expressed blind optimism that internet providers would continue to play fair, even if the regulations were canned.

Netflix's blooming disinterest in the subject has been a more recent affair. It will also produce some massive failures that no one will understand, but that's a price Hastings says he doesn't mind paying.

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