To assemble Adweek's second annual Power List, we considered the profiles and results of global corporate titans, taking into account such criteria as company value, revenue and revenue growth, market performance, consumer reach and affinity, their standing among rivals, the number of employees overseen, key acquisitions and partnerships, industry accolades and media buzz.
Project: WorldWide staffers received a late holiday gift this year when they returned to work and were given unlimited paid vacation time. The independent employee-owned network of 12 agencies is moving from the more traditional policy of accruing vacation days for personal time off, to flexible time off where there is now no limit.
Netflix CEO Reed Hastings recently bragged in a letter to shareholders about two things: his booming business, which hit 75 million subscribers in 2015, and his very hot content.
Netflix execs had a lot to say at the streaming giant's CES keynote today, but amid all the flashy trailers and big global news, one compelling tidbit was largely overlooked. CEO Reed Hastings was clearly the star of the show, where he announced Netflix's sudden surge into more than 130 new countries today. But also on stage was chief content officer Ted Sarandos, who talked not only about Netflix's popular programming but also about the company's role as a consumer advocate of sorts. Here's how Sarandos beautifully summarized the profits-first, viewers-second mentality that has frequently driven decision making in Hollywood and across the entertainment and broadcast industries:
Netflix has truly gone global. During a keynote at the Consumer Electronics Show this morning, Netflix co-founder and CEO Reed Hastings turned on the streaming service in 130 countries, including Vietnam, Poland, Russia, India, Nigeria and South Korea. For comparison's sake, Netflix was live in only 60 countries before today.
Reed Hastings continues to push the HBO comparison—and to talk up any moment when Netflix passes a key HBO metric—but he has a great one to push here: Netflix's $1.146 billion in subscriber revenue has surpassed HBO's $1.141 billion.
Netflix has been taking potshots at ISPs and Verizon isn't taking them lying down. On Tuesday, Twitter users started posting screenshots of their Netflix apps calling out Verizon by name for choking data, notably this one from Vox Media designer Yuri Victor:
UPDATE: To say that the FCC's proposed new net neutrality rules are off to a rocky start would be an understatement.
Netflix CEO Reed Hastings took a jab on tonight's earnings call at the network his company sees as its chief competitor: Time Warner pay-cabler HBO.