On a normal weeknight, Netflix accounts for almost a third of all Internet traffic entering North American homes. That’s more than YouTube, Hulu, Amazon.com, HBO Go, iTunes, and BitTorrent combined.
[...] Netflix has more than 36 million subscribers. They watch about 4 billion hours of programs every quarter on more than 1,000 different devices.
Reed Hastings deserves far more praise than he currently receives. As is evidenced by the afore-cited quotation, he has built a technological behemoth. An unparalleled feat by any of Netflix's most fierce competitors.
I consider Reed Hastings — along with Jeff Bezos — to be amongst the most undervalued executives in the technology industry. Investors and members of the press so frequently come down upon both Hastings and Bezos, but few take a step back to witness just what both men are seeking to build.
2013 will continue to be a fascinating year for both men, but, in the media world, I think there are few more important people than Hastings. The long-term impact of Netflix has yet to be felt, but, as 'Arrested Development' comes ever closer to its arrival, I tend to think recognition of its potential will follow soon thereafter.