Topic: Reed Hastings

Original Series Help Netflix Turn a Tidy Profit

Proliferation of homegrown content is moving the needle for streaming services

Following its first foray into original programming, Netflix put up first-quarter numbers that exceeded Wall Street’s expectations. Thanks in part to the success of its $100 million David Fincher potboiler,…

Companies Can Now 'Friend' Investors

Netflix CEO won't be penalized for Facebook post

Companies can now "friend" their investors to communicate market-moving news. Facebook and other social media platforms were cleared by the Securities and Exchange Commission to announce key information as long…

Netflix Snaps Up Wachowskis’ Sci-Fi Series

10-episode show Sense8 will premiere in 2014

Netflix has completed another high-profile acquisition, ordering 10 episodes of a new scripted series to be directed by Lana and Andy Wachowski (The Matrix, Cloud Atlas) and penned by Babylon…

Is Netflix for Sale?

Analyst says Carl Icahn 'will likely pursue a path to control'

Carl Icahn's investment firm disclosed a 9.98 percent stake in Netflix to the Securities and Exchange Commission yesterday. Is he going to push the company to sell? That's the rumor…

Reed Hastings Says Comcast Ignores Net Neutrality Principles

Netflix CEO slams company in Facebook post

Netflix chief executive Reed Hastings came out swinging on Sunday in a publicly available Facebook post that scolded Comcast for imposing a data cap on services it doesn't provide to the customer: "Comcast…

Netflix DVD Service Renamed Qwikster, With Same Pricing

CEO Reed Hastings admits 'I messed up'

After losing a million customers and a major portion of its stock value, Netflix has decided that it’s time to go in a new direction—but isn’t backtracking on the price…

Netflix Says Price Hike Will Slow Growth

Some disgruntled customers will likely drop the service

Two weeks after announcing an upcoming 60 percent hike in subscription fees, Netflix is getting ready to face the fallout in the third quarter. In yesterday’s earnings report for the second…