Quotes by Reed Hastings

About Reed Hastings:

Wilmot Reed Hastings, Jr. is an American entrepreneur and philanthropist. He is the co-founder and CEO of Netflix and serves on the boards of Facebook and a number of non-profit organizations. A former member of the California State Board of Education, Hastings is an advocate for education reform through charter schools.
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Stone Age. Bronze Age. Iron Age. We define entire epics of humanity by the technology they use.

Reed Hastings

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

We are seeing the beginning of things. Web 2.0 is broadband. Web 3.0 is 10 gigabits a second.

Reed Hastings

Broadcast TV is like the landline of 20 years ago.

Reed Hastings

I think there will be 20 years of evolution from linear broadcast to internet television.

Reed Hastings

In the U.S., HBO is a very aggressive service.

Reed Hastings

In 20 years from now we will all be able to click and watch TV.

Reed Hastings

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.

Reed Hastings

On the Internet you get continuous innovation, so every year the streams are a little better.

Reed Hastings

In the States, there's ESPN3, and each country has different options, and other than premiere league football, there tends to be very little global content. And movie and TV rights are pretty broad content.

Reed Hastings

There's a finite market for DVD-by-mail, and the growth over the next 10 years will be in streaming.

Reed Hastings

It turns out that all Netflix streaming peak on Saturday night can fit inside a single fiber optic, which is the size of one human hair.

Reed Hastings

But as an entrepreneur you have to feel like you can jump out of an aeroplane because you're confident that you'll catch a bird flying by. It's an act of stupidity, and most entrepreneurs go splat because the bird doesn't come by, but a few times it ...

Reed Hastings

Most entrepreneurial ideas will sound crazy, stupid and uneconomic, and then they'll turn out to be right.

Reed Hastings

I'm on the Facebook board now. Little did they know that I thought Facebook was really stupid when I first heard about it back in 2005.

Reed Hastings

Fibre optic is becoming like electricity. If you look at how electricity spread around the globe 100 years ago, that's what's happening now.

Reed Hastings

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.

Reed Hastings

I don't know of any Internet service that opens on a regional basis.

Reed Hastings

So much of the downstream revenue is linked to that initial excitement, to how much revenue is produced in the domestic box office. For example, what we pay for a film three years later is highly correlated to how well it did in the box office.

Reed Hastings

I hate the photo shoots.

Reed Hastings

Author Bio

  • NameReed Hastings
  • Descriptionentrepreneur and education philanthropist
  • AliasesWilmot Reed Hastings, Jr.
  • BornOctober 8, 1960
  • CountryUnited States Of America