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Netflix (NFLX) CEO Reed Hastings tells the Financial Post that he thinks traditional fixed TV...

Netflix (NFLX) CEO Reed Hastings tells the Financial Post that he thinks traditional fixed TV services will die out as a "bunch of different apps" compete for the time and money of consumers. The exec also said during the expansive interview that he doesn't see Netflix raising its $8 monthly fee despite rising content costs.
Comments (13)
  • chopchop0
    , contributor
    Comments (3240) | Send Message
     
    Too bad the stock is anticipating an increase in the fee.
    15 May 2013, 08:46 AM Reply Like
  • DIgitalMediaView
    , contributor
    Comments (668) | Send Message
     
    When outlining his view of "Netflix as a broad universal channel," Hastings didn't discuss the company's recent move to prevent third party discovery of titles being pulled from service, in anticipation of the Viacom deal expiration and subsequent catalog bleed. How can NFLX be a "universal channel" if it keeps losing content to competitors?

     

    “Netflix…will no longer provide the expiration date of movies [or TV shows] through its API…’With the frequent, often last minute, changes in content flow the title expiration data available through our API has been inaccurate, so we have decided to no longer publish this information,’ a Netflix spokesperson said via email…but it looks like there may have been another reason for Monday’s changes: Netflix took a number of titles off its catalog in early May, leading some publications to write about ‘the great Netflix Instant vanishing of 2013’ or even a ‘Streamageddon purge.’..Netflix clearly wasn’t happy about all that streamageddon talk. Now it looks like it pulled the plug on another part of its API to prevent us from freaking out in the future — like at the end of the month, when a number of Viacom shows are set to disappear from the service." http://bit.ly/13x98OH
    15 May 2013, 08:47 AM Reply Like
  • Matt Jonza
    , contributor
    Comments (86) | Send Message
     
    He is right... the younger generations hardly watch TV. I only use TV for sports personally, everything else I watch through Netflix or stream on some other site.

     

    I'm not long Netflix, but you can almost guarantee the growth will continue.
    15 May 2013, 09:40 AM Reply Like
  • GotLife
    , contributor
    Comments (1270) | Send Message
     
    Right. And seniors are motivated to cut the cord as well as cost increases on cable services continue to rise. Now affectionately referred to as a seniors, we cut the cord in March as services on both homes approximated a monthly car payment. Our line up includes:

     

    1) Local broadcast TV via mohu Sky antennas.
    2) Tivo for DVR recording of same and channel guide.
    3) Apple TV for Apple content, radio, hulu, Netflix, youtube and MLB.
    4) Verizon or Comcast for internet depending on location.
    5) Verizon for smartphone cells replacing land line.
    6) Sirius for cable news and entertainment in car with a indoor docking station.

     

    Net result is more content that we want - when we want, non-compressed1080i resolution with much lower bills and DVR that is much superior to the offerings from cable. We also don't miss all the annoying HDTV boxes throughout the homes with annoying remotes. All our friends want the information and how to as well.

     

    Here is a link on a company that will do well in this environment:

     

    http://nyti.ms/11EDjWc
    15 May 2013, 10:38 AM Reply Like
  • The EconomicJoker
    , contributor
    Comments (961) | Send Message
     
    What a bunch of BS.. I won't be sitting on my couch watching my tablet.
    15 May 2013, 09:56 AM Reply Like
  • Matt Jonza
    , contributor
    Comments (86) | Send Message
     
    How about your smart TV?
    15 May 2013, 10:37 AM Reply Like
  • Rhianni32
    , contributor
    Comments (1999) | Send Message
     
    "CEO Reed Hastings tells the Financial Post that he thinks traditional fixed TV ****------>SERVICES <------ ****
    15 May 2013, 10:46 AM Reply Like
  • MattZN2
    , contributor
    Comments (696) | Send Message
     
    Nor will I, but we aren't sitting on our couches as much these days. Even in the evening, I'm all around the house and I bring my tablet with me. I will still sit in front of a real T.V. to watch a movie or something like that with the lady, but not nearly as often as I did a few years ago. I watch far more video on my tablet now than I do real T.V.

     

    For that matter, with AppleTV or Airplay we can enjoy app-driven video on my normal TV on those occasions where we just want to sit in the couch and relax.

     

    The point here is that it has become impossible to justify paying Comcast for anything beyond basic cable (and then only because it can't be unbundled from their internet service). Comcast can advertise their channel packages until they are blue in the face, but I'm not going to pay extra $$ for 20 channels when I might only use one of those 20 channels. It's really that simple.

     

    -Matt
    15 May 2013, 03:47 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    XBMC.org, aereo, ... many choices and the media oligarchs will need to revisit their business plans soon.
    15 May 2013, 11:41 AM Reply Like
  • Steve J Allen
    , contributor
    Comments (10) | Send Message
     
    Er, you don't need a tablet to watch streaming Neflix. Where have you been for the last few years? Most TVs today are 'Smart' and Roku, Apple TV plus a host of other boxes cater for those that aren't. So I watch what I want, when I want, on a high def TV for a fraction of the cost of AT&T, Comcast etc. Most people I speak to today with kids tell me that cable TV is rarely watched. Mostly the kids are watching Netflicx for Lost, or House of Cards or something....or just feasting on YouTube. Research shows a large percentage of 20 sometings are 'never connects' - no cable, and no intention of ever connecting. Even live sports are circumventing cable today with a growing number of streaming sites that kids watch for free. People are fed up with being locked into paying for 100's of channels of utter rubbish just to watch the one or two channels they really want. Plus, what an insult it is, that (for example) NHL on line subscription based streaming allows you to watch every live game EXCEPT your home team playing in your home state. Yes, even if you pay! Sports is the last bastion of the cable companies trying to lock in custmers, but I am sure it too will be forced to change to an independent pay-per-view delivery. After all, if the never connects and cord cutters keep on growing, how welsh will the sports bodies get to their audience? Bottom line, the whole market is changing fast and Netflix are right.
    15 May 2013, 12:18 PM Reply Like
  • KISS_investor
    , contributor
    Comments (333) | Send Message
     
    What a surprise-- the market is changing , but not as fast as people like to pretend...

     

    and its amazing that he said costs will rise, and they wont raise the price...they are already NOT making $$...

     

    i like the cables and programmers...i dont play momentum stocks....i do follow nflx because its in the space...i do think there is a fundamental case for it at some aggresive multiple of 2014/2015 cash flow...i just dont see any reasonable visibility to cash flow.....

     

    cord cutters are not growing much btw...they are insignficant at least in the cable companies i own...and if they do grow, look for aggressive bundling that will make it economically foolish to cut the cord unless the only thing you watch is a couple apps...

     

    The last mile is scarce..they have tremendous leverage...wireless is 10-20 years away from speeds that will handle this traffic..if ever..
    there are caps coming , more speed restrictions will be implemented ...they will be forced to do it...they'll invest to bump up capacity and speed and pass the costs on...

     

    so you want unlimited netflix streaming? go for it...$300/ month... of course, its $150 if you take the cable channels...obviously i'm exaggerating..but the leverage to do this is there...there is no way around it..

     

    In any case, programming is king, queen and jack...they will suck up all the value in this equation..they will cut deals with cables and telcos to ensure monthly subscription revenue and it will include streaming rights...or netflix will have to overpay for rights ...its already happening and netflix is choosing their exclusives, and losing whole libraries...

     

    i get the consumer wishful thinking aspect of all this...ala carte programming is coming for sure...we are going to have much more control over what we watch and where we watch it..but it will cost much more than you think..and traditional tv will survive for a long long time...

     

    congrats to longs...themomentum folks have this one right...when the tide turns is whole different discussion and its clear sailing for now so up up up!
    15 May 2013, 01:45 PM Reply Like
  • hat_trick3
    , contributor
    Comments (839) | Send Message
     
    The networks and the broadcasters own the content. Everyone else is a middleman or a thief.

     

    I highly doubt that all these intermediaries are going to have their way when it is the content providers who hold the keys.

     

    I'm guessing that over the next 6 months, the major networks and broadcasters will be playing a new game called "Hardball".

     

    stay tuned!
    15 May 2013, 02:31 PM Reply Like
  • richernow
    , contributor
    Comments (46) | Send Message
     
    I'M SHORT NFLX AT 190.00... TRAPPPED UNDER THE HUGE LOSSES. ANY CHANCE OF IT RETRACING OR DROPPING ANYTIME SOON? OR EVER? ANY IDEAS?
    15 May 2013, 07:05 PM Reply Like
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