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Submitted by Mark484 761d ago | news

Netflix CEO: Amazon Losing Up to $1 Billion a Year on Streaming Video

AllthingsD-"Reed Hastings says that, one day, Amazon will provide real competition for Netflix." (Amazon, Industry, Video)

dkgshiz  +   761d ago
Netflix is no golden child by any standards. I wait for weeks sometimes months for any decent content.
SilentNegotiator  +   760d ago
It's only worth it to me because it has a couple old (and new) show series on it.

They definitely need to work on a more steady stream of new content, though. They've really been slacking on new movie releases lately.
Captain Qwark 9  +   760d ago
sons of anarchy, watch it if you havent. i let it sit there forever, dumb move, craaaaaaazy good show
Gondee  +   761d ago
Amazon has the benefit of additional income. Netflix literally almost spends every dollar on their content. If i remember right, they make about $2 per person per year. That means they only make $~.16 per month per user. Those are punishing margins... The video industry is fighting digital flat rate content. They think their content is still worth what it was 15 years ago, when in reality the rise of the internet (straight to user content) has dramatically cut the value of their shows (advertising wise). All these price hikes are just to artificially keep the original viewing ad value.
iNFAMOUZ1  +   760d ago
love redbox!!!
OneAboveAll  +   760d ago
Ugh.. leaving your home for movie/game rentals? Such a primitive...
Speed-Racer  +   760d ago
Amazon has retail, they have web services, and many other products that could support this loss. Meanwhile, Netflix has nothing else other than streamed content.
led1090   760d ago | Off topic | show
MEsoJD  +   760d ago
I've never regretted my termination of netflix.
WitWolfy  +   760d ago
WTF Netflix isnt even in my country so of course its going to be losing so much money because people are going to look for alternative services... IDIOT!
Dovahkiin  +   760d ago
Okay then.
Lord_Sloth  +   760d ago
WOOHOO, Breaking Bad!!!
Mark484  +   760d ago
I think loss will be more huge in future if they not change their thinking now .
SJIND  +   760d ago
The big difference between Netflix and Amazon is that Netflix is only a media streaming company and if it loses money on its one and only revenue stream, it is in trouble, but for Amazon Streaming is a part of their business they make much profit in their retail business.
rmedtx  +   759d ago
I'm only waiting for Amazon to better their classifications a little bit and I will say good bye to Netflix.

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