{"id":1811,"date":"2010-10-20T15:50:20","date_gmt":"2010-10-20T22:50:20","guid":{"rendered":"http:\/\/michaelbrandvold.com\/blog\/?p=1811"},"modified":"2010-10-20T15:50:20","modified_gmt":"2010-10-20T22:50:20","slug":"netflix-ceo-we-are-now-a-streaming-company","status":"publish","type":"post","link":"https:\/\/michaelbrandvold.com\/blog\/2010\/10\/netflix-ceo-we-are-now-a-streaming-company\/","title":{"rendered":"Netflix CEO: \u2018We Are Now a Streaming Company\u2019"},"content":{"rendered":"<p><a href=\"http:\/\/newteevee.com\/2010\/10\/20\/netflix-ceo-we-are-now-a-streaming-company\/\"><img src='http:\/\/www.michaelbrandvold.com\/blog\/wp-content\/uploads\/2010\/10\/netflix-envelope-featured-e1285284546767.jpg' alt='' \/><\/a>This is a great story of recognizing changing times and adapting your business. A traditional media company that has successfully transitioned to a new digital media company. While at the same time killing their competition, Blockbuster. They should offer classes to the music industry.<\/p>\n<blockquote><p>Netflix now considers itself a \u201cstreaming company which also offers DVDs by mail,\u201d according to CEO Reed Hastings in the management commentary that accompanies its third-quarter earnings release. According to Netflix, the company now spends more money on streaming content than on DVDs, and as a result consumers now stream more videos than they watch on DVD.<\/p>\n<p>In the commentary, Hastings is quoted as saying:<\/p>\n<p><strong>We are very proud to announce that by every measure we are now a streaming company, which also offers DVD-by-mail. In Q4, we\u2019ll spend more on streaming content than DVD content, and we\u2019ll deliver many more hours of entertainment via streaming than on DVD. More impressively, a majority of our subs will watch more content streamed from Netflix than delivered by us on DVD. DVD-by-mail shipments are still growing, but streaming for us is much larger and growing much faster.<\/strong><\/p>\n<p>More subscribers are streaming more content than ever before, according to Netflix. It added 1.9 million new subscribers in the quarter, bringing its total subscriber count to 16.9 million, which is up 52 percent over the previous year\u2019s third quarter. And two-thirds of its subscribers now stream content, which is up from 41 percent a year earlier and 61 percent in the second quarter.<\/p>\n<p>via <a href=\"http:\/\/newteevee.com\/2010\/10\/20\/netflix-ceo-we-are-now-a-streaming-company\/\">Netflix CEO: \u2018We Are Now a Streaming Company\u2019: Video \u00ab<\/a>.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>This is a great story of recognizing changing times and adapting your business. A traditional media company that has successfully transitioned to a new digital media company. While at the same time killing their competition, Blockbuster. They should offer classes to the music industry. Netflix now considers itself a \u201cstreaming company which also offers DVDs [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[78],"tags":[314,215],"class_list":["post-1811","post","type-post","status-publish","format-standard","hentry","category-tech","tag-blockbuster","tag-netflix"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/michaelbrandvold.com\/blog\/wp-json\/wp\/v2\/posts\/1811","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/michaelbrandvold.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michaelbrandvold.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michaelbrandvold.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/michaelbrandvold.com\/blog\/wp-json\/wp\/v2\/comments?post=1811"}],"version-history":[{"count":0,"href":"https:\/\/michaelbrandvold.com\/blog\/wp-json\/wp\/v2\/posts\/1811\/revisions"}],"wp:attachment":[{"href":"https:\/\/michaelbrandvold.com\/blog\/wp-json\/wp\/v2\/media?parent=1811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michaelbrandvold.com\/blog\/wp-json\/wp\/v2\/categories?post=1811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michaelbrandvold.com\/blog\/wp-json\/wp\/v2\/tags?post=1811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}