Reed Hastings

NETFLIX CEO

Reed Hastings
GENERAL INFORMATION
  • Residence: United States
EDUCATION
  • MS - Stanford University
  • BA - Bowdoin College
COMPANIES
  • Co-Founder and Chief Executive Officer - Netflix , Inc.

Reed Hastings's Bio

Reed Hastings, the Netflix CEO, co-founded the largest online DVD rental service in 1998 with his friend Marc Randall. Using a revolutionary new method for DVD rental a flat monthly fee gave any American to what has grown to a collection of over 100,000 titles by mail.

The eureka moment for Reed Hastings in becoming the Netflix CEO was when he was supposed to return a video to a movie rental store, and due to having a very large period of time in which Reed Hastings had held the video past the due date, a large fine was to be imposed. Reed Hastings owed the video rental store more than the video was worth. Later on the way to the gym he realized that he liked that business model much more

Reed Hastings In The News

What Reed Hastings Says

Videos Featuring Reed Hastings

Reed Hastings Knows He Messed Up

New York Times"We need to take a few deep breaths and not move quite as quickly."

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Hasting's Swears He's Not Going to Kill HBO

All Things DigitalAll Things Digital sits down with Netflix CEO Reed Hastings to discuss Hastings’s approach to the TV business and some other topics as well.

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Interview with Netflix CEO Reed Hastings

Business InsiderNetflix's Market Opportunity Is A Lot Bigger Than You Think

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Netflix Speaks Out Against Comcast Merger

NYTNetflix on Monday voiced strong opposition to Comcast’s planned $45 billion takeover of Time Warner Cable, even while confirming that it was raising subscription prices.

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Netflix CEO Is Finally Opening His Wallet To Internet Providers

BusinessweekNetflix Chief Executive Officer Reed Hastings is seeking your help to keep Internet service providers from charging higher fees to stream all the video its customers watch. In the process, he may have just opened his wallet to any Cox, Time Warner...

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Netflix CEO: Curse You, Password Sharing!

c netReed Hastings, the founder and chief executive of Netflix, seems to be taking a page out of the script of T-Mobile Chief John Legere. A profanity-ridden page.

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Netflix CEO Reed Hastings Is Getting A Huge Pay Hike

Huff PostNetflix Chairman and CEO Reed Hastings is getting a 50 percent pay bump in 2014 after a year in which shares of the online video subscription company quadrupled to an all-time high.

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Netflix Hits Record High As CEO Redeems Missteps

MashableNetflix Inc. eclipsed its mid-2011 intraday high, capping a two-year recovery for Chief Executive Officer Reed Hastings from marketing missteps that angered customers and cratered the stock.

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Reed Hastings On The Rise Of Netflix

TechCrunchIt has only been a few days since the release of Arrested Development on Netflix, but the fourth season of the series has already exceeded the company’s expectations.

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Here's How Reed Hastings Sees The Future

All Things DThe Netflix CEO has written an 11-page essay that lays out his vision for the future of streaming video.

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SEC Lets Netflix CEO Off The Hook...

BloombergNetflix CEO Reed Hastings won’t face regulatory sanctions for announcing monthly viewership results on his Facebook page even though the company didn’t report the information in a public filing, the SEC said.

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Netflix CEO: Only One Season Of 'Arrested Development'

Business InsiderNetflix CEO Reed Hastings revealed during an investors conference Monday the show will be getting a short one season stay on the streaming website.

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Netflix CEO Makes Fun Of Foxconn Workers

TechCrunchSpinning off Roku rather than keeping it in-house was probably the best decision Hastings made in the last decade. Making this video was probably the worst one.

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Reed Hastings Created The Roku—Then Dumped It

Fast CompanyThe problem? Hastings realized that if Netflix shipped its own hardware, it would complicate potential partnerships with other hardware makers.

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Netflix CEO Gets Pay Bump After 2012 Cut

BusinessWeekNetflix CEO Reed Hastings' pay will double to $4 million next year, after he took a pay cut due to management missteps this year.

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Netflix CEO Deserves SEC Scrutiny

FortuneNetflix investors shouldn't be expected to search everywhere for information.

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Busted! Netflix CEO Gets Wells Notice From SEC

WSJNetflix and CEO Reed Hastings both received Wells Notices from the SEC, according to a filing this afternoon related to something Hastings wrote on Facebook back in June.

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Netflix CEO Decides To Be Frenemies With Amazon

Venture BeatReed Hastings wants Netflix to be the largest business in the world that runs entirely on Amazon Web Services.

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Netflix CEO: Amazon Losing $1B A Year On Streaming

MashableNetflix CEO Reed Hastings estimates that Amazon is spending up to $1 billion a year on streaming content for Amazon Prime.

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Old Blockbuster CEO To Netflix: Watch Out

CNETThat's the advice from former Blockbuster CEO John Antioco to Netflix CEO Reed Hastings. After Carl Icahn got control of three seats on Blockbuster's board, Antioco had to put up with badgering from the billionaire.

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Reed Hastings Hates Carl Icahn Right Now

The StreetWhile the hostile takeover route for which Icahn is known could come into play, at this point he is well on his way to accomplishing his goals.

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Netflix CEO 'Tired Of Making Excuses'

CNETOn earnings call with analysts, Reed Hastings talked about the company's inability to meet a target for adding new streaming subscribers and said "it doesn't feel great."

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Reed Hastings Needs To Stop Talking

FortuneFew people are as well-equipped to navigate the uncertainty of the home-video market as well as Reed Hastings. But he should probably refrain from dealing directly with customers.

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Reed Hastings A Nasty Boss...

Huffington PostNetflix is probably hoping a new book about its early history never gets made into a movie.

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Reed Hastings Ditches Microsoft Board

TechCrunchToday, Microsoft announced a shakeup on the board side of the company by announcing that Reed Hastings will not be seeking re-election.

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Hastings' Netflix Story Is A Bunch Of Crap

CNETIn her upcoming book, author Gina Keating uncovers Netflix's "secret" history and looks at what some have called CEO Reed Hastings' "social IQ of zero."

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Here's How Famous CEOs Apologize

MarketWatchWhat CEOs from Jobs to Cook to Zuckerberg reveal in apologies.

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Netflix CEO: Amazon Prime Is 'Confusing Mess'

WebProNewsIn 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.”

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Netflix CEO Is Giving Away Money

FortuneReed Hastings is one of the latest bigwigs to promise half of his family's wealth to charity through the Giving Pledge, a two-year-old initiative championed by Warren Buffett and Bill and Melinda Gates.

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Google CEO Overthrows Zuck On Media Power List

Hollywood ReporterFacebook's Mark Zuckerberg is knocked off the top, Rupert Murdoch drops outside the top 10 for the first time, Elisabeth Murdoch rises, and Netflix CEO Reed Hastings enters the list.

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Netflix Chief Vows To Go Toe-To-Toe With BSkyB

TNWNetflix CEO Reed Hastings has vowed to fight Rupert Murdoch-backed Sky (BSkyB) to wrestle premium movie rights from the media giant.

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Reed Hastings Just Bought 50K Facebook Shares

ForbesAs Facebook insiders get ready to flood the market with their shares, Netflix CEO Hastings spent $1 million and bought 47,846 shares of Facebook at $21.03 a share.

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Tech CEOs Who Win Their Own Patents

ForbesA recent exploration of the U.S. Patent Office’s searchable database unearths a wide range of patents held by big-name tech chiefs.

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Did Netflix's CEO Go Too Far?

Daily FinanceThe problem, according to some, is that Hastings didn't make this encouraging revelation during a company conference call, a filing with the SEC, or in a press release.

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Netflix CEO: Subscribers Watched 1B Hours In June

ReutersNetflix shares rose 12 percent on Thursday after its top executive disclosed a massive surge in customer usage, but analysts questioned the movie-rental company's ability to convert that into revenue.

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Here Are Mark Zuckerberg's CEO Allies

BusinessweekOn the road to Facebook’s IPO, which values the company at more than $100 billion, Mark Zuckerberg has gained such allies as Reed Hastings and Warren Buffett, and such friends as Bill Gates and the late Steve Jobs. A look at the CEO’s social...

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Hastings Facebook Rant Catches Eye Of FCC...

FortuneThe Netflix CEO is lambasting Comcast again for what he says is its continued violation of net-neutrality rules.

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Reed Hastings Has A Side Job That Paid $600,000

Business InsiderYou know what's a cool gig? Facebook board member.

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Netflix CEO Grilled On Q1

TechCrunchEven though Netflix’s first-quarter earnings came in ahead of analyst expectations, CEO Reed Hastings still had to answer plenty of (usually skeptical) questions during this afternoon’s earnings conference call about how he plans to expand the...

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Netflix CEO Lashes Out At Comcast...

MashableReed Hastings doesn’t agree with Comcast’s approach to net neutrality and caps — and he wants everyone to know it.

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Netflix CEO: I Want To Watch HBO Go

VarietyFor Hastings to come to the defense of HBO Go is more than a little odd given he's repeatedly referred to it and HBO in general as competitive threats...

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Is Reed Hastings About To Blow It Again?

FortuneReed Hastings has said he doesn't want to take on cable giants like Comcast. The reality is that, for many years, Netflix has offered its customers a welcome refuge from cable television. Sure, the number of homes with pay-TV is hovering around 100...

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Reed Hastings, iTunes, And Cable

All Things DThe new Apple TV is a fairly incremental technical upgrade. But the refresh also includes at least one interesting business deal: Apple will let users sign up for Netflix directly from the device, and will let them pay for the monthly streaming...

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Netflix CEO Negotiating Cable Partnership...

ReutersNetflix Chief Executive Reed Hastings has quietly met with some of the largest U.S. cable companies in recent weeks to discuss adding the online movie streaming service to their cable offerings, according to sources familiar with matter.

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Reed Hastings: Netflix Will Be Part Of Cable

PaidContent.orgNetflix is usually cast as a cable competitor, but CEO Reed Hastings said he thinks cable will eventually become an on-demand internet platform, and Netflix just another programming provider that cable can use to sell its services.

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Hastings Literally In Hot Water With Qwikster...

Business InsiderReed Hastings was sitting in a hot tub in Santa Cruz with a friend when he told him about his idea for Qwikster, the doomed spin-off of Netflix's DVD-by-mail service. His friend thought it was an awful idea.

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Reed Hastings Can't Catch A Break...

FortuneAnd it's only partly his fault.

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Hastings: DVD Subs Will Decline 'Forever'

TechCrunchWhen CEO Reed Hastings was asked about the future of DVD profitability and DVD subscriber share on Netflix’s 4Q earnings call this afternoon, he simply stated: “We expect DVD Subscribers to decline every quarter … forever.”

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Reed Hastings: TV Will Become More Like Netflix

Fast CompanyFor as long as Netflix has existed, there's been widespread theories and speculation that the subscription-based service is a primary cause of cord cutting. But today, Netflix CEO Reed Hastings made it clear--as he has tried to before--that he's not...

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Yang, Pincus, Hastings, And 4 Faults Of Founderitis

ForbesWe’ve seen it before. We’ll see it again. And for the record, I’m not immune to Founderitis. I’ve had it too.

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Reed Hastings: Last Year 'Felt Bad'

Inc.As the Netflix CEO launched in the UK and Ireland, he said last year's pricing backlash put the focus back on consumers.

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Reed Hastings: 2012 CEO Of The Year?

Daily FinanceHastings fumbled the ball -- and often -- but the only reason that he was routinely named as one of last year's worst corporate helmsmen was that Netflix's stock shed a little more than 60% of its value in 2011. Ouch! If a free-falling share price...

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Top 10 CEO Snafus Of 2011

International Business TimesFor those wishing to learn from the follies of some of the highest-paid people in society -- or squirm with schadenfreude -- the International Business Times has compiled a list of the top 10 most notorious CEO mistakes of the year.

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The Worst CEO’s of 2011

New York TimesHow do you go from being one of the country’s most-renowned and respected business leaders to landing on the list of the Worst C.E.O.’s of 2011? Did the glory go to your head, so that you believed you knew more than everyone else? Did you take...

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Hastings To Earn Less Than 2 Other Employees

Los Angeles TimesNetflix Chief Executive Reed Hastings is taking a 33% pay cut after a dismal year for the company, leaving chief content officer Ted Sarandos as the highest paid executive at the company.

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Best & Worst Tech CEOs Of 2011

CNETArmchair critics of the world rejoice. It's time to select the year's best and worst tech CEOs. It's a judgment that some no doubt will lambaste as arbitrary, even biased. On both counts we plead guilty.

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Ouch! Netflix Cuts Hastings’ Stock Options In Half

BusinessweekNetflix Inc. cut the annual stock- option allowance for Chief Executive Officer Reed Hastings by half to $1.5 million...

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11 In '11: Worst CEO Slip-Ups

Huffington PostWhat with Occupy Wall Street and all, CEOs may be under even more scrutiny than usual this year. So it's fitting that there's been no shortage of notable quotables from corporate America's chief executives...

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The Worst Directors/CEOs Of 2011

Seeking AlphaA list of 7 CEOs that have performed the worst over the last year and have contributed the most to his or her company's demise.

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Netflix CEO: ‘Arms Race’ In Video Streaming

Bloomberg“The competitor we fear most is HBO Go,” Hastings said today at a UBS media conference in New York. “HBO is becoming more Netflix-like and we’re becoming more HBO-like. The two of us will compete for a very long time.” Hastings downplayed...

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Netflix CEO: I'm Trying Not To Screw Up Again

Huffington PostTo hear Netflix CEO Reed Hastings tell it, the bone-headed decisions that have dragged down the Internet's leading video subscription service during the past five months eventually will be forgotten like a bad movie made by a great film...

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Poll: The Worst Tech CEO Of 2011

The StreetOf the more than 200 people that voted, 58% named Reed Hastings as the most terrible tech titan of the year after a series of blunders that included mishandling a subscription price hike and confusing consumers with plans to split up the company's...

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Should Hastings Be Time's Person Of The Year?

TIMEWith all the hoopla surrounding Netflix this year, CEO Reed Hastings at least deserves some credit for listening to his customers.

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Netflix CEO: Stop Selling Your Stock

ForbesAs the bloodbath for Netflix (NFLX) investors carries on, perhaps the CEO could boost a little confidence in the company if he would stop selling his own shares. CEO Reed Hastings has exercised buy options, then sold in equal amounts, for about...

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Reed Hastings' Kiss-Of-Death Cover Story

Investors.comThe radiant red cover showed Hastings sitting comfortably in jeans on a tan leather chair and grinning like a high school senior on prom night. After all, the biweekly magazine chose him "The 2010 Business Person of the Year." Would it have been...

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MOBILE & GLOBAL: Hastings' Netflix Vision

ForbesThere are 5 billion people on mobile, Hastings said, adding that they all watch video and are all part of a future Netflix audience. His dream is to see Netflix rolled out across the globe, in the process becoming the world’s best entertainment...

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Reed Hastings’ Net Worth TANKS By $640 Million

Wall Street JournalThe extreme fall in Netflix stock illustrates one of the new realities of our age: Great wealth has never been more vulnerable to stock swings.

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Reed Hastings Seems To Get It... 4 MONTHS LATER

Huffington PostWith his company wavering, he cannot afford to let the ball through his legs one more time.

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Netflix CEO: We Can Fix This! We Can Fix This!

All Things DNetflix wants investors to believe that it can restart its engine, which conked out yesterday.

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THE TIME HAS COME: Hastings Needs To Go

IBTNetflix predicted a continued drop in the number of subscribers.

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TIme For The Netflix CEO To Move On?

Fierce Online VideoIt's getting so that being a CEO for some tech companies has all the job security of a coach in the National Football League... a bad season and, BOOM!, you're outta here.

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WATCH THIS: 10 CEO YouTube Apologies

Wall Street JournalWe’ve collected 10 such examples of executive YouTube apologia, which is clearly an emerging art form.

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Top 11 CEO Apologies

The StreetCorporate leaders are eating a lot of humble pie lately with some noteworthy apologies for blunders in recent weeks.

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SOMEONE Get Reed Hastings A Compass!

The StreetIt's clear he has no idea which direction he is taking the movie rental service.

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Why Reed Hastings DOES NOT GET IT

Motley FoolOne of two things is happening at Netflix. The first option: CEO Reed Hastings is making these decisions by himself, and he's not listening to his staff. The second: There's a team of people making bad decisions collectively.

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Netflix DUMPS Qwikster: Is Reed Hastings Next?

IBTIf Netflix has any chance of surviving this PR storm, it needs to axe its lead man.

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Netflix CEO Turns To Stand-Up Comedy

Business InsiderSpoiler Alert: Reed Hastings has no intention of becoming a stand-up comedian. The quotes and Qwikster news, however, were entirely real and hilarious all on their own.

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Reed Hastings Screws Up AGAIN!

Washington PostQwikster, we hardly knew you.

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Reed Hastings Is No Steve Jobs

The StreetThe decision today by Netflix to qwikly dispatch its Qwikster spinoff, though, best highlights why Jobs was such an effective leader at Apple.

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THE PEOPLE WIN: Netflix CEO Kills Qwikster!

ReutersNetflix Inc Chief Executive Reed Hastings reversed an unpopular decision to separate his company's DVD rental business and online video streaming service, sending the stock up 7 percent in early trading.

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These CEOs Think Like Steve Jobs

WSJ: MarketWatchTop candidates to take up the iconoclast mantle.

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Who Is The Most Annoying CEO?

CNBCWho is the most annoying CEO? Not necessarily the worst, but the most annoying. I posed the question on Twitter.

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Ahem ... Reed Hastings Didn't Screw Up

FortuneA Netflix co-founder applauds Reed Hastings, even as Wall Street and customers pillory him.

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Wall Street Sounds Alarm On Reed Hastings

ReutersWall Street pundits have begun sounding alarms about CEO Reed Hastings' profit-taking windfall.

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Hastings, Want Angry Netflix Customers To Let Up?

Washington PostWhat are some short-term moves he could make to dissipate the anger?

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The Ten Biggest CEO Apologies

24/7 Wall St.CEOs are rarely in the business of apologizing, but every so often we get one of these gems . . .

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How Netflix's CEO Is Messing Up His Net Worth

ForbesIn the past week alone, Hastings has fumbled away almost $200 million of his own wealth as Netflix shares get hammered by investors.

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What If Reed Hastings Isn't Stupid?

The Motley FoolIf you think the Boston Red Sox or Atlanta Braves are choking down the stretch, they have nothing on Netflix.

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Time Warner Should Reed Hastings's Lips

Wall Street JournalIt may not look like it right now, but Hollywood could learn a thing or two from Reed Hastings.

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Why Hastings Should Be Applauded For Netflix Split

FortuneWith nearly 25 million customers using Netflix, it's clear that everyone will have an opinion on this. And many short-termists will think it's a bad idea. Indeed, my Twitter stream tells me so. I would like to take the opposite side of that debate.

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Hastings Forgot To Snag The Qwikster Twitter Name

Business InsiderWhile Netflix secured the Qwikster domain, there is no record of a trademark filing for "Qwikster."

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Netflix CEO: We're Splitting The Company In Two

Business InsiderReed Hastings apologizes and explains the company split into Netflix and "Qwikster."

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Netflix Down 15%, Hastings Stands By Decision

WSJ: Barron'sShares of Netflix (NFLX) are down over 15% after the company cut its subscriber forecast this morning.

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Netflix CEO Looks Beyond Starz Deal

Wall Street JournalNetflix and the pay-television channel Starz are “very unlikely” to resume discussions about a movie distribution deal, Netflix CEO Reed Hastings said in an interview.

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Mark Cuban Congratulates Netflix CEO On Lost Starz Deal

Business InsiderMark Cuban says Netflix was smart to walk away from the Starz deal.

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Zuckerberg, Cook, Hastings And ... Lady Gaga?

Hollywood ReporterFor the second year in a row, Facebook CEO Mark Zuckerberg heads up Vanity Fair’s 2011 “New Establishment” list, which features many tech names. New Apple CEO Tim Cook is a new entrant, Lady Gaga is the highest-ranked woman, Netflix CEO Reed...

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The Next Steve Jobs . . .

Mercury NewsThere are five logical contenders.

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CEOs To Appear On President’s Council On Jobs

The White House BlogJobs Council Members Steve Case, John Doerr, Sheryl Sandberg, as well as Netflix CEO Reed Hastings will appear on a panel moderated by the Editor-in-Chief of Wired Magazine Chris Anderson.

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Did Hastings Make His Biggest Mistake Ever?

Seeking AlphaRecent events will either put Hastings in the CEO hall of fame or will come back to terrorize him. Come late January 2012, when Netflix releases its Q4 report, you'll have the answer.

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Zuckerberg & Hastings Fave Madonna

MSNBC PowerwallSome Jay-Z in his earphones? Mark Zuckerberg doesn't mind if he does. The new music service, Spotify, lets subscribers see published playlists of other subscribers -- one of them being the Facebook CEO.

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Will Apple Buy Reed Hastings?

InvestorPlaceWall Street is speculating on what Apple will do with its rapidly growing cash balance, such as mega-acquisitions. One of the favorites is a deal for Netflix, but Apple is likely to surprise investors rather than spend on the obvious.

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Reed Hastings Responds

The Motley FoolNetflix CEO Reed Hastings responds to an open letter from the Motley Fool written to capture the frustrations of many subscribers.

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Hastings Owes Netflix Existence To Apollo 13 Film

Entertainment & StarsIn 1997, Netflix co-founder Reed Hastings was annoyed by the $40 late fee he was charged for returning a video of the film “Apollo 13” after the due date.

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