TapForMobile

Netflix CEO addresses Cannes controversy: 'Sometimes the establishment is clumsy'


Netflix will be pushing the envelope more as the streaming giant plans to take on bolder decisions when it comes to choosing properties that they greenlight according to company CEO Reed Hastings. "Everything Amazon does is so awesome".

"We saw higher subscription rates to Netflix from Amazon Prime than regular customers".

And of course that's just the thing: net neutrality may not matter to Netflix now that it's big enough to go toe to toe with companies like Verizon and Comcast, but it's still damn important for the Netflix of tomorrow - companies that will be forced to do business over already uncompetitive broadband networks as an axe looms over almost all meaningful consumer protections. "We want to focus on how we can be the embodiment of entertainment, joy, movies, and TV shows".

Hastings went on to add that content acquired by Netflix is "fundamentally a creative bet". The plot of a "kidnapped woman in a bunker most of her life tries to navigate 21st century life" (Unbreakable Kimmy Schmidt) didn't necessarily seem like a home run but Netflix took a risk and it worked.


Boorstin pressed Hastings for details about Netflix audience numbers but to no avail. "It's like they're trying to repeal the basic laws of business", he told CNBC. "They got the festival director to threaten to pull us out, which got a bunch of press". Instead, the Netflix founder offered a clue about how the company deems its programs failures.

"As we grow the membership, we want to grow the content budget". "They're trying to be Walmart". Much like Netflix, Amazon has been acquiring rights to original TV shows and movies in recent years, though it's still expected to spend about $1.5 billion less on original content than Netflix's expected $6 billion this year.

In the interview, Hastings also said Netflix is continuously investing in artificial intelligence - in order to improve recommendations. "We can't try to be them".

France in particular has a rule that states movies that play in theaters must wait three years before they can pop up on a streaming platform. But, Hastings said the debate will not last forever, as he predicts the eventual demise of traditional theatrical "windows", the periods between a film's theatrical release and its availability for home-viewing online or in the form of a Blu-Ray/DVD.

Related Articles

  • Jose Mourinho might not be happy with Manchester United's pre-season plans

    Jose Mourinho might not be happy with Manchester United's pre-season plans

    They always help me and they make sure I improve all the time and get better each day. I think I've had a good season, hopefully I can play more next season and be better.
    G7 leaders meet in Italy for 'challenging' summit

    G7 leaders meet in Italy for 'challenging' summit

    On one side, leaders of Canada, Japan, France, Germany , Italy and the United Kingdom, plus two European Union representatives. Trump said terrorism and North Korea are his top items on the G-7 agenda. "It will be solved".

    Sanchez named Arsenal's Player of the Year as Ozil misses top three

    Steven Gerrard says Liverpool would have won more trophies during his playing days had Jurgen Klopp been the manager. The visitors may feel aggrieved at not being awarded a penalty when the game was scoreless, but it is three points.
  • Official says President Trump expected to pull US from Paris climate deal

    Official says President Trump expected to pull US from Paris climate deal

    The United States is set to join Syria and Nicaragua as the world's only non-participants in the Paris Climate Agreement. Trump's push to roll back the Clean Power Plan, for instance, could prompt electricity generators to burn more coal.

    France's Macron vows 'immediate retaliation' to Syria chemical attacks

    In Syrian conflict Moscow backs President Bashar al-Assad while France supports rebel groups trying to overthrow him. Putin cancelled his last planned visit in October after Hollande accused Russian Federation of war crimes in Syria.
    Texas, US retail gasoline prices up before holiday weekend

    Texas, US retail gasoline prices up before holiday weekend

    The least expensive gas price averages in Tennessee were in Chattanooga at $2.02 and Johnson City/Kingsport/Bristol at $2.06. Heading into Memorial Day weekend, gas prices are increasing for the first time in weeks.
  • Kiwis win thriller on Swede penalty in America's Cup trials

    Emirates Team New Zealand won races against the Japanese and British teams. From a production point of view I think we did really well today.

    Vettel victory not orchestrated by Ferrari - Wolff

    While Hamilton scrapped in the midfield, team-mate Valtteri Bottas finished fourth with the Finn able to push harder on his tyres. With the drivers trundling behind the safety vehicle , tire temperatures dropped dramatically and some could not cope.

    5 things you didn't know about Ramadan

    There are differences, she noted, in the way the imam speaks as the congregation prepares for the holiday. During Ramadan, people offer evening prayer at mosques. "Some doses may need to change" Khoury says.
  • China makes concessions to Germany on electric auto  quotas

    China makes concessions to Germany on electric auto quotas

    Mr Li said he believed the two had found a solution on the issue of Chinese quotas for electric cars after a lengthy discussion. While he did not mention the U.S. or Donald Trump, Mr Li's comments were clearly addressed to Washington.

    Trump administration may return U.S. compounds to Russian Federation

    Hammond told the Post that "U.S. and Russian Federation have reached no agreements", but Moscow is talking like it's a done deal. Russian Federation didn't retaliate against the US sanctions over the election hack.

    Donald Trump accuses media of fabricating news

    White House officials defended the concept of secret communications channels without commenting specifically on the Kushner case. Republican US Senator Lindsey Graham told CNN he doubted the Kushner reports were accurate. "They are not our friends".

Comments