How Netflix changed entertainment — and where it’s headed | Reed Hastings

Netflix changed the world of entertainment — first with DVD-by-mail, then with streaming media and then again with sensational original shows like "Orange Is the New Black" and "Stranger Things" — but not without taking its fair share of risks. In conversation with TED curator Chris Anderson, Netflix co-founder and CEO Reed Hastings discusses the company's bold internal culture, the powerful algorithm that fuels their recommendations, the $8 billion worth of content they're investing in this year and his philanthropic pursuits supporting innovative education, among much more.

Check out more TED Talks:

The TED Talks channel features the best talks and performances from the TED Conference, where the world's leading thinkers and doers give the talk of their lives in 18 minutes (or less). Look for talks on Technology, Entertainment and Design — plus science, business, global issues, the arts and more.

Follow TED on Twitter:
Like TED on Facebook:

Subscribe to our channel:

39 Comments on How Netflix changed entertainment — and where it’s headed | Reed Hastings

  1. Youtube is about to get 19 million dollars to make it like mainstream media. Thats what this is coming to. Obama just got word that he will have a netflix show. The elitists are coming.

  2. ive never watched netflix yet. in fact ive never paid for a single movuie online on 20 years , why would i start now?

    • @Andreas
      Yes, I am speaking about downloads, not streaming.

      >The very low chance of getting caught is also still in the back of your head
      Yes, of course, but that is the price of freedom. I try to demonstrate a principle through my actions: information wants to be free! I don’t sleep badly because I download for free because I only make little money in my profession, I cannot afford all this data.

      Aaron Swartz and Wikileaks got it right: culture needs to be free!

    • logicalempiricist yes. how dare people want to get paid for the work they did.

      I hope you don’t get paid for the work you do.

    • @art garfunkel
      It is not a question about that. It is a question of whether or not a copy should be free, remember the original still exists: the data is still on the server of Hastings.

      If the dude makes several billions of dollars by that business venture: Yes, I think the question can be asked if there are monopoly profits in this industry. So yeah: he became rich on something that belongs to all of us: human creativity.

      I write free software by the way…

    • Yeah..but how do you pay you own bills/cost of living even though you write free/open source software? You may do consulting to help cover your personal costs but everyone has expenses. How do you feel that people charge money to manage servers like mysql that are open source? And to chime in on your “Culture ought to be free”, yes that should be true, but it costs money to create things like TV and movies. There is cost to everything. Whether it’s money or time..there is always a cost.

    • Medical Cannabis Spain because you’re paying for quality, you feel like you’re getting your money’s worth out of Netflix. It’s a company I like giving money to because they’re not making me pay and watch ads and it helps them give me more seasons of what I want. You’re cheap for never paying for 20 years, if that’s the logic you live by then I can see you searching for scraps instead of buying food.

  3. I have not watched this yet but will later. I had Netflix for 3 years and unsubscribed to them because its not a place to see great movies anymore, the focus is on Netflix Originals and THAT’S where the direction was strongly going. I didn’t subscribe for that so I went to Amazon for my great movies that I do want to see.

    • Apple Slices Unite amazon video is horrible, it’s a sweet incentive to their amazon prime and one day delivery, kindle package etc but to get it JUST for the movies? Definitely not worth it since you have to pay for half the other stuff you want. If they have it in America I’d recommend NowTV instead of amazon video.

    • Netflix is the wasteland for movies that weren’t good. That’s why a lot of sequels are available but not the originals because the originals almost always are way better.

    • “that guy” has been the TED host for over a decade, he’s pretty competent and informed about massive amounts of topics and interviewed some of the smartest people on earth
      you, on the other hand, are youtube comment

  4. Netflix killed the video store now a lot classic movies people are never going to know about…literally a sea of movies that will never be seen

Leave a Reply

Your email address will not be published.


*


Shares
Share This