Netflix CEO Takes Jab at Amazon: 'Prime Video is a Confusing Mess'

Posted by Techvibes NewsDesk

Reed Hastings, the chief executive officer of Netflix, is not known for taking jabs at competitors. But this week he swung at Amazon, whose Prime service recently added a video streaming component similar to Netflix's.

In an interview with the Wall Street Journal, Reed described Amazon's product as "a confusing mess."

"In the US, our content budget is about three times [Amazon's], and we've got about three times more content," he explained. "And what our customers tell us is they want Netflix to have more content, not to have two-thirds less at a lower price. That's not that interesting a proposition for them."

He continues:

[Amazon has Prime] and it's really about low-cost shipping, but why is video in there? It's kind of a confusing mess.

We can do a better user experience on video because it's our only business. The way we do algorithms to choose which content is shown to you is much better than Amazon's, much better than Hulu's. They've got talented teams, but they're doing a lot of other things and we're focused on this one area.

Of course, Canadians will side with Netflix because Amazon doesn't offer Prime in Canada yet. In fact, we can't even buy the Kindle Fire tablet from Amazon's Canadian site and it's been out since last year.

Company:
Amazon
Website:
http://www.amazon.com
Location:
Vancouver, British Columbia, Canada

Amazon.com, Inc. (NASDAQ:AMZN), a Fortune 500 company based in Seattle, opened on the World Wide Web in July 1995 and today offers Earth's Biggest Selection. Amazon.com, Inc., seeks to be Earth's most customer-centric company, where customers can find and discover anything they might want to buy online, and endeavors to offer its customers the lowest possible prices. Amazon.com and other sellers offer millions of... more

Company:
Netflix
Website:
http://www.netflix.ca
Location:
Los Gatos, California, United States

With more than 15 million members, Netflix, Inc. [Nasdaq: NFLX] is the world’s largest subscription service streaming movies and TV episodes over the Internet and sending DVDs by mail. For $8.99 a month, Netflix members can instantly watch unlimited TV episodes and movies streamed to their TVs and computers and can receive unlimited DVDs delivered quickly to their homes. With Netflix, there are never any due dates... more


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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more




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