All Posts Tagged Tag: ‘Reed Hastings’

Netflix Earnings Out, Company Announces 40 Million Subscribers

Netflix just released its Q3 earnings report beating Wall Street expectations. The company says it now has over 40 million members, up from less than 30 million a year ago. They added about 1.3 million during the quarter (11% higher than the year ago quarter), attributing this to original content like Orange is the New Black and Emmy nominations for …

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Netflix: We’d Be ‘Delighted’ To Produce Arrested Development Season 5

Netflix would be very happy to produce another season of Arrested Development, the company said in a letter to shareholders today. The company put out its quarterly earnings report with the aforementioned letter from CEO Reed Hastings and CFO David Wells. More on that here, where you can also watch a live stream of an interview with the two of …

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Netflix Earnings: Streaming Revenue Up 26% Domestically, 155% Internationally

Netflix just released its Q2 earnings report. In a letter to shareholders, CEO Reed Hastings and CFO David Wells say Netflix has grown to nearly 30 million domestic members and 8 million international members, and that Q2 streaming revenue was up 26% domestically and 155% internationally, year-over-year. Netflix says that of about $3 billion in content library net book value, …

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Netflix CEO/CFO To Do Live Video Discussion With Moderators In Lieu Of Regular Earnings Call

Netflix announced on Tuesday that it will post its second-quarter 2013 financial results and business outlook on Monday, July 22nd at about 1:05 PM Pacific Time. Investors will no doubt be eager to hear of the company’s performance in relation to its original shows like House of Cards, Hemlock Grove and Arrested Development, and how these have impacted new subscriptions. …

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Here’s Netflix CEO Reed Hastings Already Making Use of the New Social Media Disclosure Rules

Just a day after Netflix told investors that they would regularly use their various social media accounts to disclose material information, even mentioning CEO Reed Hasting’s Facebook account specifically, Hastings has done just that. In a Facebook post, Hastings announced that Netflix users have streamed 4 billion hour in the past 3 months. Of course, he would probably argue that …

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Netflix Says They Will Disclose Investor Info on Social Media Following SEC Ruling

A week after the Securities and Exchange Commission clarified its rules to allow for public companies to use social media outlets to announce key company information, Netflix has already decided to take advantage of it and make it official. On Wednesday, Netflix told investors via a regulatory filing that it plans to disclose material investor information via social media channels. …

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Companies Can Announce Important Info on Social Media, Rules SEC After Reed Hastings Investigation

The Securities and Exchange Commission has clarified its rules on Regulation Fair Disclosure, saying that public companies can use social media outlets like Facebook or Twitter to announce key company information – just so long as the investors are made aware which social media accounts may be posting such information beforehand. “The SEC’s report of investigation confirms that Regulation FD …

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Reed Hastings Challenges SEC on Netflix-Related Facebook Posts

Netflix CEO Reed Hastings absolutely thinks that social media is a “public” enough forum to house statements from companies to investors. He says that he’s “not going to back down” and that he would continue to post information about his company on Facebook. Hastings and Netflix ran afoul of the SEC back in December over a post made last summer …

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Netflix in Trouble with SEC Over Reed Hastings’ Facebook Posts

Netflix and CEO Reed Hastings are in hot water with the Securities and Exchange Commission due to a series of Facebook posts that the SEC says may have violated Regulation Fair Disclosure. Earlier this summer, Hastings publicly posted some stats about the company – mainly that Netflix was currently providing users with almost one billion hours of entertainment a month. …

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Reed Hastings Stepping Down from Microsoft Board

Netflix CEO Reed Hastings will not serve on Microsoft’s Board of Directors past November, as today to company announced that he will not seek re-election at their annual meeting of shareholders. Microsoft says that Hastings will continue to serve his position as the lead independent director until the November meeting, at which time he will be replaced. “Reed has been …

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Reed Hastings on Why Netflix is Better Than Amazon Prime, Hulu

Amazon has added a ton of content to its Prime Instant Video service over the last few months, and that may have put Netflix CEO Reed Hastings on the offensive. In an interview with the Wall Street Journal, Hastings took a not-so-subtle dig at Amazon by describing their Prime video service as a “confusing mess.” He also reiterated that Netflix …

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Netflix Hits One Million Members in the UK & Ireland in Only Seven Months

In just seven months after launching their streaming service in the UK & Ireland to compete with European heavyweight Lovefilm, Netflix is announcing a pretty big milestone: UK & Ireland Netflix members now total over one million. Netflix says that this is the fastest that any territory has ever hit one million users. “This membership milestone is evidence that Netflix …

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