Netflix Will Not Integrate Services With Apple’s Upcoming Streaming Platform: Reed Hastings

Cupertino giant Apple has already scheduled a mega event for March 25 where it'll be taking wraps of its streaming service

By March 19th, 2019 AT 3:04 PM
Highlights
  • Netflix is confident of taking on Apple and Amazon in the streaming space
  • Amazon is reported to be spending $4-5 billion a year on content

Ahead of the launch of Apple’s streaming service, Netflix CEO Reed Hastings has said his company would not integrate its services with the upcoming platform. “Apple’s a great company. (But) we want to have people watch our content on our service, and so we have chosen not to integrate into their services,” Hastings said at a press event on Monday. The comment precedes Apple’s impending formal announcement to take a deep-dive into the competitive technology-driven world of over-the-top (OTT) entertainment with a set of its own original shows, as well as plans to resell other subscription services like Starz and Showtime as part of its service.

Asked how Netflix can compete with companies like Apple and Amazon that have deep pockets, Hastings said: “With difficulty.”

“You do your best job when you have great competitors. They do a good job, I am going to be envious. They are going to come up with great ideas, I am going to want to borrow those…

“We will make this a great industry if we have great competitors and those companies will be amazing competitors in addition to the ones that we have now,” Hastings told reporters here.

Talking specifically on the competition with Amazon, Hastings said: “For the last 20 years, we have grown. We have got many competitors. We have been competing with Amazon for many years. They are reported to be spending $4-5 billion a year or so on content.

“We spend about twice that. Now, new companies are coming… There’s Disney+, WarnerMedia. “They (the parent companies) have been in the business for a long time, and we compete with all kinds of entertainment time already. Sometimes we think of YouTube as a great partner, sometimes as a competitor. It’s the same with all of these,” he added.

“Our success doesn’t determine their success. And what matters is to do amazing content that people love watching and sharing,” Hastings noted.

Apple is gearing up for its mega event on March 25 at the Steve Jobs theatre on its Cupertino, California-based campus, during which the tech giant is expected to announce its much-awaited video streaming service.

Read more on:

Leave a Reply

Photo and Image Files
 
 
 

Recent Posts

BSNL Offers Google Nest Mini and Nest Hub for Rs 99 and Rs 199 to Broadband Customers

State-owned telecom operator BSNL is offering Google Nest Mini and Google Nest Hub smart devices at discounted prices of Rs...

JioPhone Users Get 2 Shorter Validity Plans of Rs 49 and Rs 69: Here’s What They Offer

Alongside revising the long-term prepaid plans for prepaid users, Reliance Jio also launched two ‘Shorter Validity’ plans of Rs 49...

In a Bid to Beat Jio, Bharti Airtel Offering Extra 500GB Data Every Month to New Broadband Users

In a bid to outcome Reliance Jio, Bharti Airtel has now introduced a new offer to broadband users in Chennai...