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Netflix CEO Reed Hastings once announced his company was canceling several big-budget productions. He responded: Our hit ratio is way too high right now. I’m always pushing the content team. We have to take more risk. You have to try more crazy things, because we should have a higher cancel rate overall. These are not delusions or failures of respo
... See moreMorgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
After announcing financial results for a difficult quarter, in which Netflix lost subscribers for the first time in a decade, Mr. Hastings told investors on Tuesday that the company planned to look into a lower-priced tier supported by ads “over the next year or two.”
Jacob Cohen Donnelly • The Pivot to Advertising Has Begun
Netflix and the Conservation of Attractive Profits - Stratechery by Ben Thompson
stratechery.comstratechery.com
Since Q2 2019, Gumroad has grown from $4M in annual revenue to $22M in revenue, and from break even to making $10M in profit a year.
I’ve been documenting the journey with public board meetings you can watch on YouTube here–8 hours so far:
https://youtube.com/playlist?list=PL_DfN-mKCGNuswqERc6sIA8urYAKARc6s&si=40-j5imlZ_2Qxi3-... See more
Reed looked at me. “Don’t remind me,” he said, shaking his head. “I just got nicked forty bucks by Blockbuster on a movie I returned late. But…” He let his voice tail off as he turned to stare again out the window, his face blank. Then his eyes arched upward and he nodded. “Maybe,” he said.
Marc Randolph • That Will Never Work: The Birth of Netflix by the first CEO and co-founder Marc Randolph
That Will Never Work: The Birth of Netflix by the first CEO and co-founder Marc Randolph
amazon.com
A key element of Hulu Plus is that we are able to compensate content owners more per-user per-month than anyone else for the same body of content. We are able to do this because of the subscription fee, our unusually effective and market-leading advertising service, and our