Companies rarely die from moving too fast, and they frequently die from moving too slowly.
Reed HastingsMost entrepreneurial ideas will sound crazy, stupid and uneconomic, and then theyโll turn out to be right.
Reed HastingsNot every show has to work equally well. It just has to work better than any competitor because then we can outbid for the content.
Reed HastingsTechnological revolutions are very hard to predict. My favourite example is someone in 1850 taking care of horses as a farrier. They would have said, "Look, horses have been part of human existence for 5,000 years. We are horse people. It's permanent." But all of a sudden, the internal combustion engine comes along and, with it, oil fields and automobiles, which basically replace the horse completely. So we often have these long periods of stability and then a sudden inflection point.
Reed HastingsInteractivity is a big part of video games, which have been a big part of entertainment for 20 years. That's what we think of as a 'lean-forward' type of entertainment. It's much more intense. But TV is more of a 'lean-back' entertainment - so the big improvement there is on-demand, because it conforms to your schedule.
Reed Hastings