Reed Hastings, Netflix’s always straight-shooting CEO, recently dismissed the idea that Netflix would be better acquired if it were snapped up by a company such as Microsoft. Hastings’ comments came during an interview with CNBC’s “Squawk on the Street.”
Hastings said that his company was better off independent and able to work across platforms and devices, saying that, “The value of Netflix is when it’s on every screen,”
Hastings also repeated his oft-stated mantra that Netflix is happy to ape HBO, chalking up his company’s forays into original content as following the trail blazed by the premium cable channel. Said Hastings:
“When you think about it, this is how HBO got started . . . Twenty years ago HBO was just showing other people’s movies, and then it expanded [with] these amazing originals, and we really [look] at that for inspiration and say, ‘What can we do on the Internet, and do even more than HBO?’”
Are Netflix and its legions of customers indeed better off if the company remains independent and strictly adheres to Hastings’ vision?
[via Home Media Magazine]