Bloomberg News

Netflix’s Hastings Sees 50% of Videos Delivered Via Web by 2016

December 07, 2011

Dec. 6 (Bloomberg) -- Netflix Inc. Chief Executive Officer Reed Hastings said half of home-video viewing will come through the Internet by 2016, aided by expanding fiber-optic networks that can carry the data.

HBO Go, the Web-based service offered by Time Warner Inc., is emerging as the top competitor to Los Gatos, California-based Netflix, Hastings said today at a UBS media conference in New York.

--Editor: Anthony Palazzo

To contact the reporter on this story: Cliff Edwards in San Francisco at cedwards28@bloomberg.net

To contact the editor responsible for this story: Anthony Palazzo at apalazzo@bloomberg.net


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