Reuters - Video

EDITION: U.S. | U.K. | IN

9/11

Netflix CEO champions subscriber growth

Wednesday, Jan 22, 2014 - 02:37

On a video conference call following the streaming video service's stellar earnings, Netflix CEO Reed Hastings talked about pricing, net neutrality and international expansion. Bobbi Rebell reports.

▲ Hide Transcript

View Transcript

Netflix CEO Reed Hastings was all smiles on the company's earnings video conference call- after the video streaming service reported a 2.3 million jump in subscribers last quarter. And predicted subscriber growth this quarter will top year ago levels by double digits. Shows like "House of Cards" are bringing in the numbers - helping to boost earnings to $48 million- up from just $8 million in the year ago quarter. Hastings says the company is experimenting with pricing - including a more expensive family plan- and a cheaper single screen option. SOUNDBITE: REED HASTINGS, CEO, NETFLIX (ENGLISH) SAYING: "We are testing lots of things, some of it's been reported, on some of it's not. One of it is a $6.99 one screen. I don't think you should read too much into that other than we are probing around the edges. There is no definite plan to do that. I would say generally as we put in the letter, we are trying to figure out if some models have a good, better, best tiering that make sense and provide some flexibility for our customers, at least for our new customers. Of course our existing customers we would grandfather very generously." Another topic: the recent net neutrality ruling- which allows Internet service providers, or ISPs, to charge customers more- or slowdown Internet access for heavy bandwith users like Netflix. SOUNDBITE: REED HASTINGS, CEO, NETFLIX (ENGLISH) SAYING: "There are some Draconian scenarios where some ISP's block Netflix but we think that is very unlikely and the most likely scenario at least in the near term is that there is no real change and the reason is if ISP's especially major ISP's were to contemplate blocking Netflix or other services it would significantly fuel the fire for more regulation which is not something they are interested in." As far as international expansion plans, Reed wound not name countries- but had this to say: SOUNDBITE: REED HASTINGS, CEO, NETFLIX (ENGLISH) SAYING: "I think what we've seen with our success in the UK is that there can be very strong players like the BBCi player and Sky and we can still build a very successful business. And so I think the key is having unique content, a great reputation, a good value proposition and we can succeed and in many cases. The competitors can also. So you know we mostly focus on finding good markets that love content and that will steadily expand in Europe." But don't expect rolling ads at the top of programs - he says he has no plans to "cram advertisements down people's throats."

Netflix CEO champions subscriber growth

Wednesday, Jan 22, 2014 - 02:37

Top News »

Investing 201 »

Arian Foster = BlackBerry? Arian Foster = BlackBerry?

Fri, Oct 25, 2013 - (3:16)

Don’t miss these red flags for IPOs Don’t miss these red flags for IPOs

Thu, Oct 10, 2013 - (2:34)

Copycat currency trading Copycat currency trading

Wed, Oct 02, 2013 - (2:28)

When to dump a winner When to dump a winner

Tue, Sep 24, 2013 - (1:55)

Where gold might again attract Jim Rogers Where gold might again attract Jim Rogers

Thu, Sep 19, 2013 - (2:05)

Why savings interest rates won't budge Why savings interest rates won't budge

Fri, Sep 13, 2013 - (2:09)

Buy local? ETFs try the trend Buy local? ETFs try the trend

Thu, Sep 05, 2013 - (2:42)

The better bond funds The better bond funds

Wed, Aug 07, 2013 - (2:40)

Best bargain in 40 years? European stocks Best bargain in 40 years? European stocks

Thu, Aug 01, 2013 - (2:24)

Invest like an activist Invest like an activist

Fri, Jul 26, 2013 - (2:49)

Money Clip »

3 things to do before disaster strikes 3 things to do before disaster strikes

Wed, Sep 18, 2013 - (1:39)

Your must-do money list Your must-do money list

Wed, Sep 11, 2013 - (1:24)

The worst "best" financial advice The worst "best" financial advice

Wed, Sep 04, 2013 - (1:42)

Forget gold: The case for REITs Forget gold: The case for REITs

Fri, Apr 26, 2013 - (1:19)

3 rules for buying a house now 3 rules for buying a house now

Thu, Apr 18, 2013 - (1:39)

“Stalking” your dream home - Money Clip “Stalking” your dream home - Money Clip

Wed, Mar 27, 2013 - (2:50)

3 hidden tax deductions - Money Clip 3 hidden tax deductions - Money Clip

Thu, Mar 21, 2013 - (1:33)

Reuters Investigates »

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, Feb 19, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, Jan 10, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, Aug 29, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, Aug 29, 2013 - (13:21)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, Aug 05, 2013 - (1:36)

How education lost its role as the great equalizer - Reuters Investigates How education lost its role as the great...

Mon, Dec 17, 2012 - (7:52)

Jihad Jane: From abused child to American jihadist - Reuters Investigates Jihad Jane: From abused child to American...

Sat, Dec 08, 2012 - (10:01)

Jihad Jane: The order to kill - Reuters Investigates Jihad Jane: The order to kill - Reuters...

Sun, Dec 09, 2012 - (10:39)

Moving Pictures »

Still missing – MH370 Still missing – MH370

Fri, Sep 05, 2014 - (2:05)

Images of August Images of August

Fri, Aug 29, 2014 - (1:00)

Burning Together Burning Together

Mon, Sep 01, 2014 - (2:23)

Mending dolls, teddies and hearts Mending dolls, teddies and hearts

Fri, Aug 22, 2014 - (3:12)

"Old timers" sail the Chesapeake Bay "Old timers" sail the Chesapeake Bay

Mon, Aug 11, 2014 - (2:27)

Burned memories Burned memories

Fri, Aug 08, 2014 - (3:02)

Images of July Images of July

Thu, Jul 31, 2014 - (1:20)

World Cup: passion on the pitch World Cup: passion on the pitch

Fri, Jul 11, 2014 - (1:00)

A refugee in America gives back A refugee in America gives back

Wed, Jul 02, 2014 - (3:25)

A long search for refuge A long search for refuge

Fri, Jun 20, 2014 - (3:04)