Netflix’s biggest competitor? Sleep | Technology | The Guardian
When you’re a globe-spanning technology firm, you need to keep a paranoid eye on the competition. But sometimes it can be hard to work out what the competition is: disruption can come from the most unlikely corners.But even given that, Netflix has an odd definition of what it has to compete with. Not Amazon Video, not YouTube, not even old-fashioned broadcasters. No, according to the company’s chief executive, Reed Hastings, Netflix’s biggest competitor is the pesky human need to close your eyes and sleep for a third of the day.Asked about the company’s competitors at Netflix’s earnings call, Hastings said that he isn’t really concerned about Amazon and HBO “because the market is just so vast”.
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