Netflix isn't sinking, but it's certainly not the soaring brand it once was and has endured its fair share of struggles over the last several years. But, if you think Reed Hastings is shaking in his boots over encroaching competition you'd be wrong. The CEO says that Amazon will pose a legitimate threat to its streaming video dominance, but that day is still a long way off. He claims that the Kindle purveyor is losing between $500 million and $1 billion a year as it builds its empire and secures licensing rights.
Engadget , Netflix CEO claims Amazon losing up to $1 billion a year in streaming video war
See also:
technologypulse, Netflix CEO claims Amazon losing up to $1 billion a year in streaming video war
No comments:
Post a Comment