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Netflix CEO Hastings: DVD Rentals Face the Same Problems Mags Do–Down the Road

October 15, 2009
by David Kaplan
Contributor, paidContent.org

David Kaplan

In an interview with John Byrne, BusinessWeek.com’s executive editor/editor-in-chief, Netflix (NFLX) CEO Reed Hastings conceded that his business faces similar troubles to what magazines are up against, as the use of broadband video is set to rise. For now, though, the DVD rental business is still growing and he’s content to pursue the streaming business down the road. Since this was during the luncheon session at the Magazine Publishers of America’s Innovation Summit, Byrne asked if Hastings reads any magazines.

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