World Wide Worx MD Arthur Goldstuck is back from Los Angeles where he visited the Netflix studios and interviewed Reed Hastings, the inspirational CEO and co-founder of Netflix.
Legend has it that Hasting got the idea for Netflix in response to his frustration with Blockbuster, which he owed $40 in late fees for “Apollo 13”.
Today Netflix is the seventh largest company in the world.
Listen to the interview in the audio below (and scroll down for quotes from it).
Netflix is one of the great, iconic stories of how technology shifts the world…— Arthur Goldstuck, MD - World Wide Worx
Blockbuster rented out Betamax and VHS from a store… The amazing story of Netflix is built on the amazing rise and fall of Blockbuster…— Arthur Goldstuck, MD - World Wide Worx
Late return fees contributed 70% of [Blockbuster] revenues... They pushed one client too far…— Arthur Goldstuck, MD - World Wide Worx
Netflix is going to go very large in Africa and South Africa.— Arthur Goldstuck, MD - World Wide Worx
Netflix asked Blockbuster to buy them out… They literally laughed him [Netflix co-founder Reed Hastings] out of the hotel…— Arthur Goldstuck, MD - World Wide Worx
Netflix changed its business model to a monthly subscription service, transforming the video rental industry in the United States...— Arthur Goldstuck, MD - World Wide Worx
Blockbuster, in fact, committed suicide. It wasn’t Netflix that killed it.— Arthur Goldstuck, MD - World Wide Worx
Netflix is losing all the Marvel titles… So, Netflix is investing heavily in superhero series that it owns…— Arthur Goldstuck, MD - World Wide Worx
Recommendedby NEWSROOM AI
What is the best financial gift you can give your children? Personal financial advisor Warren Ingram has a few answers.
Simon Brown on why is Shoprite wants shareholders to approve paying R3.3bn to Christo Wiese for his high-voting shares.
The Labour Registrar wants to deregister Amcu. Ray White interviews Phetheni Nkuna, a Senior Associate at Hogan Lovells.
Nobody seemed to notice and those at the helm ensured it stayed that way, says Daily Maverick’s Marianne Merten.
"When we made them aware of it they very arrogantly said they are the bigger guy, and they really couldn’t be bothered by us…"
Ever dreamt of just doing it? You may want a few pointers from someone who did. Meet Callan Williamson of Tortilla Modern Mexican.
Inquiry releases 140-page report that proves the two advocates are not fit to hold office.
Khabazela shares what has kept social media abuzz on What's Gone Viral.
Set to de-register the union, Lehlohonolo Molefe says Amcu told his office to 'back off' when it conducted regular follow-ups.
Xolani catches up with the famous retired maths teacher, Mr William Smith who helped lots of South Africans get through matric.