FARK.com: (7439556) The CEO of Netflix estimates that Amazon is losing up to $1 billion a year on streaming video

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		The CEO of Netflix estimates that Amazon is losing up to $1 billion a year on streaming video (allthingsd.com)		35
		More: Interesting, CEO, Netflix, Amazon, streaming media

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2878 clicks; posted to Business » on 17 Nov 2012 at 3:33 PM | Favorite | share:

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Because People in power are Stupid		2012-11-17 02:11:39 PM

"Hey look everyone, it costs my competitor money to enter the marketplace, Therefore they shouldn't do it and I should have no competitors."

http://en.wikipedia.org/wiki/Barriers_to_entry

Ryan2065		2012-11-17 03:29:07 PM

Because People in power are Stupid: "Hey look everyone, it costs my competitor money to enter the marketplace, Therefore they shouldn't do it and I should have no competitors."

http://en.wikipedia.org/wiki/Barriers_to_entry

You didn't read the article, did you? It's simply the Netflix CEO saying there is a barrier to entry and that Amazon is their best competitor so far.

RoyBatty		2012-11-17 03:35:50 PM

Nicely demonstrates why Amazon will buy Netflix in the next year.

Stone Meadow		2012-11-17 03:39:11 PM

RoyBatty: Nicely demonstrates why Amazon will buy Netflix in the next year.

Okay, that's it...I'm selling my Facebook stock to buy Netflix!

JonZoidberg		2012-11-17 03:48:28 PM

If there is one thing Amazon needs to do and fast, they need to improve the way that people browse Amazon Prime content on devices like the Roku. It's so disorganized and terrible that some things cannot be found by browsing, they must be text searched. Can it be done?

Yep. Go to the Amazon pay-per-view section, and shows are suddenly well organized, multiple seasons under one heading (whoda thunk it?), stuff is where you'd think it should be, you don't see the same thing multiple times in a menu, etc.

It's a slap in the face to people who are paying for this service too, Bezos. Get the fark on it.

Mad_Radhu		2012-11-17 03:49:32 PM

RoyBatty: Nicely demonstrates why Amazon will buy Netflix in the next year.

They are probably just going to beat them to death in Jeff Bezos's personal bowling alley after drinking their milkshake.

captnwolfy		2012-11-17 04:02:45 PM

JonZoidberg: If there is one thing Amazon needs to do and fast, they need to improve the way that people browse Amazon Prime content on devices like the Roku. It's so disorganized and terrible that some things cannot be found by browsing, they must be text searched. Can it be done?

Yep. Go to the Amazon pay-per-view section, and shows are suddenly well organized, multiple seasons under one heading (whoda thunk it?), stuff is where you'd think it should be, you don't see the same thing multiple times in a menu, etc.

It's a slap in the face to people who are paying for this service too, Bezos. Get the fark on it.

/This sooooo much

Fricknmaniac		2012-11-17 04:06:46 PM

With convenient picture of what a billion dollars might look like.

bonkmeist		2012-11-17 04:20:20 PM

Beerguy		2012-11-17 04:24:20 PM

Amazon Prime is pure awesome sauce...that is all.

baorao		2012-11-17 04:32:43 PM

captnwolfy: JonZoidberg: If there is one thing Amazon needs to do and fast, they need to improve the way that people browse Amazon Prime content on devices like the Roku. It's so disorganized and terrible that some things cannot be found by browsing, they must be text searched. Can it be done?

Yep. Go to the Amazon pay-per-view section, and shows are suddenly well organized, multiple seasons under one heading (whoda thunk it?), stuff is where you'd think it should be, you don't see the same thing multiple times in a menu, etc.

It's a slap in the face to people who are paying for this service too, Bezos. Get the fark on it.

/This sooooo much

yeah, if I don't finish watching something in one sitting it is borderline impossible to find it again and resume watching it.

RoyBatty		2012-11-17 05:12:17 PM

Beerguy: Amazon Prime is pure awesome sauce...that is all.

I think I've watch about three shows on Amazon Prime Instant Video.

Most of the shows I want to watch are not free there, but are often free at Netflix. And their player is ugly. And I really like Amazon too, but Amazon Prime Instant Video seems to be a lot of bait and switch. That said, Netflix's content is pretty lousy too.

AdamK		2012-11-17 05:47:07 PM

netflix vs. amazon is missing the point, the studios hate streaming services, and will keep making it more expensive

Nemo's Brother		2012-11-17 05:59:58 PM

AdamK: netflix vs. amazon is missing the point, the studios hate streaming services, and will keep making it more expensive

Liberal Hollywood again

Mr. Eugenides		2012-11-17 06:06:16 PM

RoyBatty: Nicely demonstrates why Amazon will buy Netflix in the next year.

My money is on Microsoft. They need a distribution channel for their X-Box entertainment stuffs.

InmanRoshi		2012-11-17 06:28:57 PM

RoyBatty: Nicely demonstrates why Amazon will buy Netflix in the next year.

Considering they posted a $274 million net loss for 2012 Q3, in large part to the buyout of LivingSocial, that would be extremely stupid.

Before they go around making any new major acquisitions they might want to do something really crazy like ... I dunno ... run a profit.

BalugaJoe		2012-11-17 07:08:48 PM

InmanRoshi: RoyBatty: Nicely demonstrates why Amazon will buy Netflix in the next year.

Considering they posted a $274 million net loss for 2012 Q3, in large part to the buyout of LivingSocial, that would be extremely stupid.

Before they go around making any new major acquisitions they might want to do something really crazy like ... I dunno ... run a profit.

Profit is in volume.

This About That		2012-11-17 07:46:09 PM

Ryan2065: You didn't read the article, did you?

It's the part he didn't say that counts most heavily, because that part will seem like one's own idea. Also because we get to make it up.

MrEricSir		2012-11-17 08:14:30 PM

Mr. Eugenides: My money is on Microsoft. They need a distribution channel for their X-Box entertainment stuffs.

And we all know how great Microsoft is at running online services.

Because People in power are Stupid		2012-11-17 08:21:53 PM

Ryan2065: Because People in power are Stupid: "Hey look everyone, it costs my competitor money to enter the marketplace, Therefore they shouldn't do it and I should have no competitors."

http://en.wikipedia.org/wiki/Barriers_to_entry

You didn't read the article, did you? It's simply the Netflix CEO saying there is a barrier to entry and that Amazon is their best competitor so far.

Read the Article. What is the purpose of him making these comments? -Do you think it was to say "hi" to a new neighbor in his marketplace? Or do you think he was bringing up this barrier issue to Amazon's investors?

BolloxReader		2012-11-17 08:40:23 PM

Meh, Amazon took seven years to book its first operating profit. Bezos is used to losing money hand-over-fist. It's one reason Amazon is the giant it is today. He has the stones to find people to invest in a company so unprofitable that the IRS starts disallowing business expenses (I think you have to turn a profit every 5 years or something according to the IRS website).

Amazon will be propped up by the studios regardless, as they are desperate to avoid having an iTunes situation for videos. If Prime starts to decline, they'll figure out a way to get Amazon licenses to compete with Netflix. The media syndicate will do whatever it takes to make sure there isn't the convenient one-stop-shop that most consumers want.

Harry_Seldon		2012-11-17 08:55:53 PM

Meh. They will make it up on volume.

Mad_Radhu		2012-11-17 09:24:15 PM

MrEricSir: Mr. Eugenides: My money is on Microsoft. They need a distribution channel for their X-Box entertainment stuffs.

And we all know how great Microsoft is at running online services.

Xbox Live and Skydrive are actually pretty farkin' awesome as far as online services go. Skydrive in particular is a really nice cloud service. I needed to upload and share 11 GB worth of HD quality video for a project at work and Skydrive handled it like a champ.

netringer		2012-11-17 11:13:45 PM

Beerguy: Amazon Prime is pure awesome sauce...that is all.

Yep. I bought a new Panasonic Blu-Ray player just to have the Amazon Instant Video capability - just as I was nearly set up with my Mac feeding to the HDTV.

JonZoidberg: If there is one thing Amazon needs to do and fast, they need to improve the way that people browse Amazon Prime content on devices like the Roku. It's so disorganized and terrible that some things cannot be found by browsing, they must be text searched. Can it be done?

Yep. Go to the Amazon pay-per-view section, and shows are suddenly well organized, multiple seasons under one heading (whoda thunk it?), stuff is where you'd think it should be, you don't see the same thing multiple times in a menu, etc.

It's a slap in the face to people who are paying for this service too, Bezos. Get the fark on it.

There is a Watchlist for Amazon Instant Video on the web, but you can't access it using the Amazon Instant application on a device.

Ed Willy		2012-11-18 12:00:39 AM

AdamK: netflix vs. amazon is missing the point, the studios hate streaming services, and will keep making it more expensive

Hell, they can't even get along with Cable See AMC vs. DirecTV, FX vs. DirecTV, AMC v. Dish, The Lakers Channel vs. DirecTV, ESPN vs. Every cable and satellite subscriber, etc..

Mad_Radhu		2012-11-18 12:30:31 AM

netringer: There is a Watchlist for Amazon Instant Video on the web, but you can't access it using the Amazon Instant application on a device

Depends on the device. The Watchlists show up on my PS3 and Xbox.

Theory Of Null		2012-11-18 03:12:16 AM

I know exactly how Amazon could outdo Netflix within one year. But my advice is expensive.

Chelsea Clinton Is Carrot Top's Lost Twin		2012-11-18 04:14:53 AM

RoyBatty: Nicely demonstrates why Amazon will buy Netflix in the next year.

notsureifserious.jpg

Bezos won't buy netflix. He won't have to. Amazon will just steamroll over netflix, which can't happen soon enough.

/love me my Amazon Prime.

Watching_Epoxy_Cure		2012-11-18 03:19:33 PM

The CEO of Netflix may be unfamiliar with any strategy not designed to line his pockets as quickly as possible.

Watching_Epoxy_Cure		2012-11-18 03:23:13 PM

evilmousse		2012-11-18 05:10:03 PM

Ryan2065: Because People in power are Stupid: "Hey look everyone, it costs my competitor money to enter the marketplace, Therefore they shouldn't do it and I should have no competitors."

http://en.wikipedia.org/wiki/Barriers_to_entry

You didn't read the article, did you? It's simply the Netflix CEO saying there is a barrier to entry and that Amazon is their best competitor so far.

the article -i- read sounded like the netflix ceo gloating that he IS the barriers to entry for amazon.

sucks for both of them that neither of them produce what they sell, and i as the consumer have absolutely no loyalty to one distribution chain vs another. have fun winning this fight, i'm sure the gains will be lasting.

Altair		2012-11-18 09:18:13 PM

Amazon Prime is the shiat.

ScreamingHangover		2012-11-18 11:49:30 PM

Chelsea Clinton Is Carrot Top's Lost Twin: RoyBatty: Nicely demonstrates why Amazon will buy Netflix in the next year.

notsureifserious.jpg

Bezos won't buy netflix. He won't have to. Amazon will just steamroll over netflix, which can't happen soon enough.

/love me my Amazon Prime.

I was about to say: Amazon is spending a billion a year on content: they don't need Netflix: to buy it would to be buying the same content twice. And don't forget: a billion a year isn't a large sum to Bezos... he just did 48 billion in sale last year: he'll just keep buying content until he owns everything. he has an unlimited supply of cash... he can just keep going until netflix is irrelevant.