Netflix CEO: Why Even $8 Billion Investment in Content Isn't Enough (axios.com)

Netflix expects to spend about $8 billion on content this year. For Hollywood studios, that's a reasonable figure. But for Netflix CEO Reed Hastings, it's not enough. From a report: The company is competing against a range of traditional entertainment companies around the globe, and of course, against the need to work, sleep and do other things. Speaking at TED in Vancouver, Hastings noted that $8 billion is about what Disney spends. "That's spread globally," he said. "It's not as much as it sounds." Hastings noted that House of Cards wasn't really the company's first effort at original content. It had tried back in the days when it was still mailing out DVDs. "It didn't work out because we were sub-scale," he said.

Comments

DVD

[markdavis]

>It had tried back in the days when it was still mailing out DVDs

Um, newsflash. The DVD/Bluray service has never ended. It is still quite popular, and the ONLY way to go if you want any choice in movies from Netflix (or if you have little or metered Internet).

"Iconic since 1998. Celebrate 20 years of movies in your mailbox with behind-the-scenes videos, great movie recommendations, fun trivia, and the chance to win." http://dvd.netflix.com/

Re:DVD

[Anonymous Coward]

and the ONLY way to go if you want any choice in movies from Netflix

Yes - posted also in an AC thread but estimates are the DVD service has 100000 movies v. about 5600 for the streaming service. That's not even to mention the dvd services gets new titles sooner.