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Posts Tagged ‘Hastings’

SEC Investigates Netflix CEO Reed Hastings Over Facebook Posting

December 6th, 2012 12:20 admin View Comments

Facebook

alexander_686 writes “The SEC is investigating Netflix CEO Reed Hastings over one of his Facebook postings. The agency is questioning his July 1 Facebook posting, seen by 200,000 followers, in which he said customers watched ‘over 1 billion hours’ of videos on Netflix in June. He had previously posted on his company blog that members were viewing ‘nearly a billion hours per month.’ From the article: ‘“We think the fact of 1 billion hours of viewing in June was not ‘material’ to investors, and we had blogged a few weeks before that we were serving nearly 1 billion hours per month,” Hastings said in the filing today. “We remain optimistic this can be cleared up quickly through the SEC’s review process.”’”

Source: SEC Investigates Netflix CEO Reed Hastings Over Facebook Posting

These People are Ruining the Future of the Internet

April 27th, 2012 04:01 admin View Comments

The U.S. House of Representatives passed the Cyber Intelligence Sharing and Protection Act (CISPA) last night by a vote of 248-168. In the days leading up to the vote, opposition lined up drummed up awareness for the bill while the groups supporting the bill steadily pushed ahead. In the end, 112 Congress members cosponsored the bill. Major technology corporations also lent support along with the U.S. Chamber of Commerce. Did your representative support CISPA? See the list below. 

Top photo, clockwise from top left: Benjamin Quayle, Michele Bachmann, Mike Rogers, Darrell Issa, Peter King, Sue Wilkins Myrick, Dutch Ruppersberger, Greg Walden.

Twenty major tech companies have sent letters supporting CISPA along with major U.S. industry trade groups including the Bay Area Council, TechAmerica, 11 financial trade associations and TechNet. These companies and groups represent billions of dollars in American industry, dollars that members of Congress will need to eventually be re-elected. Below we have aggregated the names of every single Congressional cosponsor of CISPA along with the links to their personal websites. The list is organized by date of stated support of the bill, starting with the first round of Congress members that supported the bill when it was introduced in November 2011. The first round had 28 official cosponsors. The majority of the 112 sponsors offered support from January 18 through April 17.

CISPA went through the mark up process in the Committee on Intelligence, of which the bills two primary authors, Representatives Mike Rogers and Dutch Ruppersberger, are members. Amendments included language the would protect citizens from damage caused by the sharing of information as well as adding the term “utilities” to the list of private sector industries that can share cyber threat information with the federal government. The addition of utilities, such as water, electric and gas companies, was seen as a boost to the bill as such utilities are part of the critical infrastructure of the United States and are targets of malicious hackers. The House of Representatives then voted for the amendments before passing the final bill and sending it to the Senate and ultimately the White House.  Is your Congress person on the list? See who supported CISPA below.

Original Supporters (November 30, 2011)

Rep Ruppersberger, C. A. Dutch [MD-2]

Rep King, Peter T. NY-3]

Rep Upton, Fred [MI-6] 

Rep Myrick, Sue Wilkins [NC-9]

Rep Langevin, James R. [RI-2] 

Rep Conaway, K. Michael [TX-11] 

Rep Miller, Jeff [FL-1] 

Rep Boren, Dan [OK-2]

Rep LoBiondo, Frank A. [NJ-2]

Rep Chandler, Ben [KY-6]

Rep Nunes, Devin [CA-21]

Rep Gutierrez, Luis V. [IL-4]

Rep Westmoreland, Lynn A. [GA-3]1 

Rep Bachmann, Michele [MN-6] 

Rep Rooney, Thomas J. [FL-16]

Rep Heck, Joseph J. [NV-3] 

Rep Dicks, Norman D. [WA-6]

Rep McCaul, Michael T. [TX-10]

Rep Walden, Greg [OR-2]

Rep Calvert, Ken [CA-44]

Rep Shimkus, John [IL-19]

Rep Terry, Lee [NE-2]

Rep Burgess, Michael C. [TX-26]

Rep Gingrey, Phil [GA-11]

Rep Thompson, Mike [CA-1]

Rep Kinzinger, Adam [IL-11]

Rep Amodei, Mark E. [NV-2] 

Rep Pompeo, Mike [KS-4]

Second Wave (December 2011)

Rep Latta, Robert E. [OH-5]

Rep Quayle, Benjamin [AZ-3]

Rep McHenry, Patrick T. [NC-10]

Rep Frelinghuysen, Rodney P. [NJ-11]

Rep Yoder, Kevin [KS-3]

Rep Walberg, Tim [MI-7]

Rep Camp, Dave [MI-4]

Rep Eshoo, Anna G. [CA-14]

Rep Michaud, Michael H. [ME-2]

Gaining Steam (January/February 2012)

Rep McMorris Rodgers, Cathy [WA-5]

Rep Sullivan, John [OK-1]

Rep McKinley, David B. [WV-1]

Rep Ros-Lehtinen, Ileana [FL-18]

Rep Coffman, Mike [CO-6]

Rep Goodlatte, Bob [VA-6]

Rep Wolf, Frank R. [VA-10]

Rep Forbes, J. Randy [VA-4]

Rep Miller, Gary G. [CA-42]

Rep Stearns, Cliff [FL-6]

Rep Issa, Darrell E. [CA-49]

Rep Cole, Tom [OK-4]

Rep Turner, Michael R. [OH-3]

Rep Brooks, Mo [AL-5]

Rep Huizenga, Bill [MI-2]

Rep Carter, John R. [TX-31]

Rep Hartzler, Vicky [MO-4]

Rep Grimm, Michael G. [NY-13] 

Rep Miller, Candice S. [MI-10]

Rep Guthrie, Brett [KY-2] 

Rep Rogers, Mike D. [AL-3] 

Rep Benishek, Dan [MI-1]

Rep Broun, Paul C. [GA-10]

Rep Lance, Leonard [NJ-7]

Rep Hastings, Doc [WA-4] 

Rep Davis, Geoff [KY-4]

Rep Meehan, Patrick [PA-7]

Rep Shuster, Bill [PA-9] 

Rep Olson, Pete [TX-22]

Rep Kline, John [MN-2]

Rep Bono Mack, Mary [CA-45]

Rep Bachus, Spencer [AL-6]

Rep Schock, Aaron [IL-18]

Rep Roe, David P. [TN-1]

Rep Fleischmann, Charles J. “Chuck” [TN-3]

Rep Baca, Joe [CA-43]

Rep Boswell, Leonard L. [IA-3]

Rep Noem, Kristi L. [SD]

On the Bandwagon (March/April 2012)

Rep Wittman, Robert J. [VA-1]

Rep Hultgren, Randy [IL-14] 

Rep Blackburn, Marsha [TN-7] 

Rep Hastings, Alcee L. [FL-23]

Rep Hurt, Robert [VA-5]

Rep Johnson, Bill [OH-6]

Rep Smith, Adrian [NE-3] 

Rep Crawford, Eric A. “Rick” [AR-1] 

Rep Franks, Trent [AZ-2] 

Rep Larsen, Rick [WA-2] 

Rep Sires, Albio [NJ-13]

Rep Towns, Edolphus [NY-10]

Rep Bordallo, Madeleine Z. [GU]

Rep Ross, Mike [AR-4]

Rep Cooper, Jim [TN-5]

Rep Pitts, Joseph R. [PA-16]

Rep Runyan, Jon [NJ-3]

Rep Costa, Jim [CA-20] 

Rep Cardoza, Dennis A. [CA-18] 

Rep Woodall, Rob [GA-7]

Rep Bartlett, Roscoe G. [MD-6]

Rep Shuler, Heath [NC-11]

Rep Stivers, Steve [OH-15]

Rep Wilson, Joe [SC-2]

Rep McIntyre, Mike [NC-7]

Rep Kissell, Larry [NC-8]

Rep Scalise, Steve [LA-1]

Rep Bilbray, Brian P. [CA-50]

Rep Griffith, H. Morgan [VA-9]

Rep Peterson, Collin C. [MN-7]

Rep Owens, William L. [NY-23] 

Rep Mulvaney, Mick [SC-5]

Rep Hall, Ralph M. [TX-4]

Rep Cuellar, Henry [TX-28]

Rep Lamborn, Doug [CO-5]

Rep Austria, Steve [OH-7]

Rep McKeon, Howard P. “Buck” [CA-25]

 

Source: These People are Ruining the Future of the Internet

Netflix CEO Accuses Comcast of Not Practicing Net Neutrality

April 16th, 2012 04:39 admin View Comments

Television

braindrainbahrain writes “Reed Hastings, CEO of Netflix, has a Facebook page in which he posts a short gripe about Comcast. It seems watching video through the Xfinity app on an Xbox does not counting towards your cap on your Comcast data plan. All other services, Netflix included, do. To quote Hastings: ‘For example, if I watch last night’s SNL episode on my Xbox through the Hulu app, it eats up about one gigabyte of my cap, but if I watch that same episode through the Xfinity Xbox app, it doesn’t use up my cap at all. The same device, the same IP address, the same wifi, the same internet connection, but totally different cap treatment. In what way is this neutral?’” The difference, of course, is that you need a Comcast cable TV subscription in order to have the Xfinity app not count toward your monthly data usage allowance. Then again, you can’t exactly sign up for a similar plan through Netflix or Hulu.

Source: Netflix CEO Accuses Comcast of Not Practicing Net Neutrality

Netflix CEO Comments On Recent Decisions

December 7th, 2011 12:51 admin View Comments

Businesses

ExE122 writes “Netflix CEO Reed Hastings makes several comments about mistakes that were made over the past year. Hastings claimed, ‘We moved too fast with it’, [trying to exit the DVD-by-mail business] and explains that he still thinks Internet video will dominate in the coming years. From the article: ‘Hastings also faced tough questions about last month’s double-bomb disclosure: Netflix now expects to lose money for all of 2012, and it is looking to raise cash in a secondary offering of its stock.’”

Source: Netflix CEO Comments On Recent Decisions

Netflix Creates Qwikster For DVD Only Business

September 19th, 2011 09:52 admin View Comments

Businesses

Frankie70 writes “Netflix CEO Reed Hastings just dropped a bombshell. In the wake of a rapid decline in Netflix’s stock price last week, Hastings is taking a bold step by separating the DVD and video streaming services. The DVD-by-mail service will now be called Qwikster, and the streaming service will maintain the Netflix brand.”

Source: Netflix Creates Qwikster For DVD Only Business

Facebook Adds Netflix Founder And CEO Reed Hastings To Board

June 23rd, 2011 06:10 admin View Comments

Facebook has just named Netflix co-founder and CEO Reed Hastings to its baord.

Hastings co-founded Netflix in 1997 with then CEO Marc Randolph and launched the subscription service in 1999.

UPDATING

Source: Facebook Adds Netflix Founder And CEO Reed Hastings To Board

Reed Hastings: Netflix Is A Complement To The New Release Business

June 1st, 2011 06:48 admin View Comments

Netflix CEO and founder Reed Hastings took the stage at All Things Digital’s ninth conference, speaking with Kara Swisher about the company’s future strategy, competition, content deals and more. When asked about whether the company is looking to add more new released, Hastings said that Netflix is actually a complement to platforms that offer new releases.

One of the pain points of using Netflix is that the TV and movie platform doesn’t offer a lot of new releases, the way that iTunes or Hulu does. But Hastings doesn’t seem to be too concerned about this, openly stating that he feels that Netflix can be paired with sites and platforms that offer newer content. He added that he’d like to include prior-season shows from channels like HBO and Showtime. He says his ‘check isn’t big enough for now’ but there are ongoing talks about buying this type of content.

In terms of licensing content from studios and content owners, Hastings said that the “relationship thing is over stated,” and if you have a big checkbook you can make the deals.

With regard to the competition, Hastings believes that Comcast’s on-demand platforms like TV Everywhere will become a major competitor as cable and telecommunications companies improve their on subscription and content offerings. In order to compete with both these companies and platforms like iTunes, Amazon and Hulu; Hastings says Netflix will have to improve personalization, the user interface, and work on how to integrate social features.

International expansion is also a significant focus for the company in the coming year. Netflix launched in Canada and will expand to a second, unnamed country later this year. Hastings says Asia is a particularly important region for Netlfix’s expansion, with potential markets in Korea, Indonesia, Japan, and India.

What’s keeps him up at night? Hastings says that he worries about continuing to innovate, as a large company. One of the keys to this is building up quality talent.

Source: Reed Hastings: Netflix Is A Complement To The New Release Business

Draft Horses Used To Lay Fiber-Optic Cable

May 24th, 2011 05:07 admin View Comments

Image

mysqlrocks writes “In Vermont, FairPoint Communications has enlisted draft horses to help lay fiber-optic cable in remote locations. Vermont Gov. Peter Shumlin has pledged to bring bring broadband to every last mile by 2013, including many remote areas that have been neglected in the past. Private companies have been unwilling to invest in the expensive infrastructure needed to reach these areas. However, Vermont’s congressional delegation helped to secure $410 million in federal money earmarked for broadband development and Vermont has partnered with private companies, like FairPoint, to bring high-speed Internet access to all Vermonters. From the article: ‘The difficulty of getting cable to “every last mile,” is where Fred, the cable-carrying draft horse, comes in. “Hopefully it pays off,” says Hastings. “We could maybe get a four-wheeler in here,” he continues, gesturing to the cleared swath of boggy, fern-studded terrain that he’s working in today. But definitely not a truck, and Fred’s impact is nearly invisible. Residents rarely complain about a draft horse tromping through their yards.’”

Source: Draft Horses Used To Lay Fiber-Optic Cable

Reed Hastings: Netflix DVD Shipments “May Go Down The First Time Ever” This Quarter

May 6th, 2011 05:47 admin View Comments

Netflix is leading the charge when it comes to streaming movies and TV shows over the Internet. It’s no longer focussed on DVDs, even though it is about to ship its 3 billionth disc. As bandwidth to the home increases, streaming will just continue to become more popular. At the Wired business conference earlier this week, Netflix CEO Reed Hastings predicted that gigabit-per-second speeds to the home will become common over the next decade.

I caught up with Hastings just before he went onstage and shot the video interview above (in which he does a mean impression of a 56K dial-up modem to illustrate how far we’ve come). “Streaming is the core of our business and it is growing rapidly.” he told me. “Streaming is much bigger than DVD for us in terms of hours of viewing, growth, and focus. We are seeing massive consumer adoption of streaming.” Not only that, but DVD growth might have peaked. Off camera, Hastings told me that DVD shipments for Netflix “this quarter may go the down first time ever.”

In this video, he also downplays the importance of Netflix licensing original programming (“it is no big strategy shift”) and explains why all you-can-eat subscriptions work so well for Netflix regardless of how people choose to watch their movies (DVDs, laptops, tablets, phones). He was a little too polite on-camera. But when I asked him what he thought about the New York Times’ multi-tiered paywall strategy in contrast to an all-you-can-eat subscription pricing, he responded: “If you are on the iPad and it has Safari and you go to the NyTimes.com and it works fine. Then you are asked to pay for the iPad app—that does not sound consumer friendly.” Exactly.

Source: Reed Hastings: Netflix DVD Shipments “May Go Down The First Time Ever” This Quarter

Netflix CEO Reed Hastings: In Ten Years, “We Will All Have A Gigabit To The Home”

May 3rd, 2011 05:39 admin View Comments

Netflix is blowing the doors off its business, with $3 billion in annualized revenue and a $12 billion market cap driven by the transition to streaming online video. In terms of hours watched, streaming surpassed DVDs for Netflix in the fourth quarter, but CEO Reed Hastings has been preparing for this moment for more than decade. The name Netflix itself always held the promise of movies delivered over the Internet. The problem, says Hastings in an interview today at the Wired business conference, was that back then they couldn’t stream movies over 56K modems.

But there was Moore’s Law and improvements in bandwidth which could be plotted, and that is exactly what Hastings did. “We took out our spreadsheets and we figured we’d get 14 megabits/sec to the home by 2012, which turns out is about what we will get.” So what does his spreadsheet tell him about the next ten years? “If you drag it out to 2021, we will all have a gigabit to the home.”

One advantage consumers will see with streaming over cable settop boxes or DVD players is that upgrades to the quality can happen much faster because they are not dependent on switching out boxes in everyone’s home. While streaming is just now catching up with high-definition streams, that progress should keep advancing and even leapfrog hardware solutions that really only change every ten years or so. Streaming Netflix movies to multiple high-def screens is only a matter of time.

As it turned out, however, the DVD business was not just a way to bide time while the network caught up. It laid the economic groundwork for the streaming business to become established because of the need to license content, which it doesn’t have to do with DVD rentals. “If we had tried to launch streaming in the beginning,” says Hastings, “I’m sure it wouldn’t have worked because we couldn’t have written big checks. Now we can write a $50 million or $100 million check which gets the content flowing. As we get more subscribers, we can write bigger checks.”

Asked whether Netflix threatened the cable companies, Hastings was careful to say that he doesn’t want to replace cable. That is why Netflix continus to focus on older movies rather than new releases, sports, or news. “We have consistently said that would not be profitable for us,” he says. “It would start an Armageddon battle, and we would not emerge alive from that battle. So we are concentrating on our niche.” And yet, Netflix is experimenting with licensing better programming and even original series. You can bet those experiments will continue.

Source: Netflix CEO Reed Hastings: In Ten Years, “We Will All Have A Gigabit To The Home”

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