Netflix’s Biggest Competition
Reed Hastings, CEO of Netflix, is like any other business leader in that he is constantly challenged with the question of competition: Who is the competition, and what do you plan to do about them? He was asked this question a week ago during the regularly-scheduled Q1 earnings call, and his answer is both fascinating and a little alarming. One investor asked about Amazon in particular: How will Netflix stay ahead of Amazon and their growing library of Prime videos? …