Hastings also said he understood why questions about his business kept coming up. “We’ve gotten used to it,” Netflix’s chief executive, Reed Hastings, said of the doomsday predictions. It was expected to end 2006 with 6.3 million subscribers and nearly $1 billion in revenue, or about 12 percent of the $8.4 billion annual DVD rental market. Meanwhile, none of the movie-downloading services have gained much traction with consumers, the notion of taking Internet video content to TV sets remains a work in progress, and Netflix keeps signing up new customers at a fast clip. The impending death of the company, with its online system for renting DVDs delivered by mail, was predicted late in 2002, when Wal-Mart said it would enter the business again last year, when Apple and Amazon announced movie-downloading services and again last week, after the introduction of a series of products and services intended to bring Internet video to television sets.īut Wal-Mart left the online rental business in 2005 and now refers customers to Netflix. Someone may want to add Netflix to that list. 15 - Wikipedia, the online encyclopedia, lists more than five dozen personalities whose obituaries were published prematurely.
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