“We underestimated the likelihood and significance of competition, primarily from Blockbuster and Amazon.”
Netflix CEO Reed Hastings, on slashing prices to stem customer defections to cheaper DVD rental services, News.com, 5 November 2004
“We underestimated the likelihood and significance of competition, primarily from Blockbuster and Amazon.”
Netflix CEO Reed Hastings, on slashing prices to stem customer defections to cheaper DVD rental services, News.com, 5 November 2004