More Netflix Shows Could Get The Ax

"We saw higher subscription rates to Netflix from Amazon Prime than regular customers".

And, at least for now, Hastings also said that Netflix will not raise its prices. "They're helping to grow the industry..." It's not that Hastings wants Netflix to purposely make shows that are unsuccessful, though. We are adding more and more shows.

You might recall that Netflix was singing a very different tune a few years ago, when reports began to emerge that giant ISPs like Verizon, AT&T, Comcast and Charter were intentionally letting their interconnection points congest in order to kill settlement-free peering and extract additional, duplicative tolls from content and transit companies. The news, which has caused some major stir amongst fans of the series, comes not long after Netflix cancelled their hit series The Get Down after its first season. "So even if the formal framework gets weakened", he continued, "we don't see a big risk actualizing, because consumers know they're entitled to getting all of the web services".

"There's not a big conflict yet", Hastings said Wednesday at Recode's annual Code Conference. "Mostly, it is how many people watch".

It's not every day that the CEO of a company announces that they want to cancel more of their products, but that's the case today with the chief of Netflix. Sure, there are also much more traditional Netflix originals like Flaked and Real Rob, but Netflix originals tend to be fairly diverse and touch upon relatively sensitive issues as a rule.

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"Sometimes the establishment is clumsy and they try to shut out the insurgent and then the insurgent role is to try to play that up", he said. He stated that Netflix has to be the specialty play, since they can not "Out-Amazon, Amazon".

Netflix allocated $6 billion to spend on original content this year and the company wants to increase that budget substantially to maintain its competitiveness in the industry.

"Never has there been a more truly global show with an equally diverse and worldwide cast and crew, which is only mirrored by the connected community of deeply passionate fans all around the world".

But in January 2016, when T-Mobile's Binge On contravened the principles of net neutrality by selectively exempting Netflix from its data caps, Hastings was all for it.

  • Jacqueline Ellis