Reed Hastings Says Netflix Won't Buy a Theater Chain, But Thinks Moviegoing Will Return

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The co-CEO of the streaming giant says of programming bets: 'We want to beat Disney in family animation.'

The co-CEO of the streaming giant says of programming bets:"We want to beat Disney in family animation."

“We want to beat Disney in family animation,” says Hastings when asked what area of programming he felt that the streaming giant, which releases hundreds of titles around the world each year, has yet to master. “That’s going to take a while. I mean, they are really good at it.”, he approaches the job of dominating Hollywood much differently than the former Disney CEO. “Well, I don’t wake up at 4 a.m.

There are chapters devoted to explaining why candor is valuable in a workplace, the reason behind Netflix’s commitment to out-matching its rivals on employee salary, and why it remains committed to a much-discussed practice called The Keeper Test, in which managers ask themselves if they’d fight to keep an employee.

During a wide-ranging conversation conducted over Zoom from him Santa Cruz home, Hastings talked about how COVID-19 has changed the way people work and why Netflix likely won't buy a theater chain.Very few companies are organized around employee freedom, and we wanted to set out why we’ve organized around employee freedom and how to do that.

 

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Makes no sense for Netflix or Amazon to buy theater chain and moviegoers will return to levels pre-lockdown but as they reopened too soon this probably won't happen untill 2022.. had they reopened a few months later they would be back to normal far quicker as seen in China

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