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Not every show has to work equally well. It just has to work better than any competitor because then we can outbid for the content.

Reed Hastings

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Reed Hastings
Age: 64
Born: 1960
Born: January 1
Chief Executive Officer
Entrepreneur
NZ
Wilmot Reed Hastings
Jr.
Wells
Well
Competitor
Work
Competitors
Every
Equally
Content
Show
Shows
Better

More quotes by Reed Hastings

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The best managers figure out how to get great outcomes by setting the appropriate context, rather than by trying to control their people.
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Don’t get distracted by the shiny object [and if a crisis comes], execute on the fundamentals.
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Our brand at Netflix is really focused on movies and TV shows.
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Something will eventually replace the Internet. But it's hard to know what and when it will happen.
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Most entrepreneurial ideas will sound crazy, stupid and uneconomic, and then they’ll turn out to be right.
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When you grow up, as I have, in the shadow of Steve Jobs, Bill Gates and others, success is defined as the total global transformation of a market. To achieve that, you need low prices and an attractive offering. It's about trying to make a positive impact on a big scale.
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The Netflix brand for TV shows is really all about binge viewing. The ability to get hooked and watch episode after episode.
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The Costa Rican government is prioritizing laying fiber optic over paving roads. Costa Rica is trying to become one of the Internet societies. This is happening throughout the world.
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I learned the value of focus. I learned it is better to do one product well than two products in a mediocre way.
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Stone Age. Bronze Age. Iron Age. We define entire epics of humanity by the technology they use.
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I got the idea for Netflix after my company was acquired. I had a big late fee for Apollo 13. It was six weeks late and I owed the video store $40. I had misplaced the cassette. It was all my fault.
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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
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Do not tolerate brilliant jerks. The cost to teamwork is too high.
Reed Hastings
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Taking smart risks can be very gratifying.
Reed Hastings
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On the Internet you get continuous innovation, so every year the streams are a little better.
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Be big, fast and flexible.
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
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If you look at cable networks, they almost always start licensing content wherever they can, so they can build a subscriber base. But then they start doing their own content it's a pretty well-trodden path.
Reed Hastings
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It is clear that for many of our members two websites would make things more difficult, so we are going to keep Netflix as one place to go for streaming and DVDs.
Reed Hastings
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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