Netflix co-CEO and chairman Reed Hastings says “Elon Musk is the bravest, most creative person on the planet...[I'm] 100% convinced [that Musk is] trying to help the world in all his endeavors.'
Netflix’s reluctance to adopt advertising was “wrong” and that it was a mistake to not jump into the segment several years ago, said Hastings, speaking Wednesday at the New York Times’ DealBook Summit in New York. But the company eventually came around to the idea, and Hastings called the rollout of Netflix with ads this fall a “good tactic, because we get to offer consumers lower prices.”
Netflix Basic With Ads launched in the U.S. on Nov. 3, priced at $6.99 per month . The ad-supported package — whichfor which Netflix does not currently have rights to serve advertising — is available in 12 countries: Australia, Brazil, Canada, France, Germany, Italy, Japan, Mexico, South Korea, Spain, the U.K. and the U.S.
Hastings added that Netflix left “a lot” of money on the table with the limited theatrical release of director Rian Johnson’s “Glass Onion,” starring Daniel Craig reprising his role as detective Benoit Blanc from the original “Knives Out.”at the box office over the Thanksgiving weekend in its release at about 600 theaters. After the one-week run in theaters, “Glass Onion” will hit Netflix’s streaming service on Dec. 23.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Netflix’s Reed Hastings: ‘Glass Onion’ Left “Lots” of Money On Table With Release PlanOn the decision to air Dave Chappelle's comedy specials on Netflix, CEO Reed Hastings said '“we would do it again and again'
Read more »
Nkarta CEO Paul Hastings: Diversity wins in midterms - San Francisco Business TimesThe CEO of Nkarta, a South S.F. biotech, weighs in on an LGBTQ+ wave and what it means for business.
Read more »
Elon Musk Praised As “The Bravest, Most Creative Person On The Planet” By Netflix Co-Chief Reed Hastings: “He Is Trying To Help The World”Netflix co-founder and co-CEO Reed Hastings praised the Elon Musk as “the bravest, most creative person on the planet” during a wide-ranging session at the 'New York Times' DealBook conference
Read more »
Is Reed Blankenship Ready To Take On Major Role?Philadelphia Eagles rookie safety Reed Blankenship is about to receive the biggest opportunity of his young career.
Read more »
Fantastic Four's Reed Richards Has His Own Hulk Form - The BruteFantastic Four's Reed Richards may be a hero, but he also has his very own 'Hulk' form which reveals the man he might have become without his family. Exit Mister Fantastic, enter the Brute!
Read more »