Netflix’s CEO, Reed Hastings, appeared on the ABC News program Nightline last night.
Unfortunately, he still believes the problem was miscommunication.
Former Netflix Co-founder, Marc Randolph, wrote on his personal blog yesterday that he thinks Netflix has far from screwed up.
Not only am I completely in support of what Netflix is doing, but I think it is one of the smartest, most disciplined and bravest moves I’ve ever seen.
Price hike, miscommunication, and a misstep in marketing with a new name ‘Qwikster’. Riding the DVD wave to success worked the first time. Is Netflix just better positioning themselves to ride the streaming wave to another round of success?
Plus, in the last 30 seconds of the video, a non-answer that seems to belie a possible acquisition of Netflix by Amazon.