The Motley Fool Radio Show on NPR has recorded an interview with Netflix CEO Reed Hastings.
Tidbits from the show:
Hastings says that Netflix has more than 250,000 copies of the Oscar winner Crash. Netflix determines the number of copies of a movie to order using formulas similar to picking stocks. They have an incredible amount of data and can forecast how many copies to order based on the success of similar movies, among other factors. Hastings on throttling: "I'm not sure what the term "throttling means, per se." He goes on to explain how they allocate movies based on customer usage if they have a limited number of copies. He doesn't believe that video stores will disappear anytime soon, and notes that Blockbuster is about the size of Google. Watching full-length movies on Netflix will be similar to watching a movie trailer. The Netflix & TiVo partnership is on hold due to the lack of available releases from the studios More than 500,000 copies of Born into Brothels have been rented through Netflix. He notes that despite the success of music download sites, 90% of all music is still purchased on CD. He believes that DVD has a long way to go before downloading makes the DVD format obsolete. Hastings on iTunes movie downloads: He watches Lost and Desperate Housewives on iTunes.