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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

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Reed Hastings
Age: 64
Born: 1960
Born: January 1
Chief Executive Officer
Entrepreneur
NZ
Wilmot Reed Hastings
Jr.
Like
Opera
Novel
Movies
Pretty
Term
Shows
Long
Believe
Businesses

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Do not tolerate brilliant jerks. The cost to teamwork is too high.
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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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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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Truly brilliant marketing happens when you take something most people think of as a weakness and reposition it so people think of it as a strength.
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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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I'm an HBO subscriber, and I watch a bunch of great shows on HBO.
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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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Don’t get distracted by the shiny object [and if a crisis comes], execute on the fundamentals.
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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?'
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On the Internet you get continuous innovation, so every year the streams are a little better.
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I think there will be 20 years of evolution from linear broadcast to internet television.
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Companies rarely die from moving too fast, and they frequently die from moving too slowly.
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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.
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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.
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I founded Netflix. I've built it steadily over 12 years now, first with DVD becoming profitable in 2002, a head-to-head ferocious battle with Blockbuster and evolving the company toward streaming.
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Great leaders, like Steve Jobs or Jeff Bezos, also focused on the long term.
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Something will eventually replace the Internet. But it's hard to know what and when it will happen.
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.
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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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Stone Age. Bronze Age. Iron Age. We define entire epics of humanity by the technology they use.
Reed Hastings