While Netflix gained a lofty valuation by consistently adding subscribers, CEO Reed Hastings said Wednesday that usage time is a better metric of competitive success than customers added.
But CEO Reed Hastings said Wednesday that subscriber counts aren't the right metric to track who's winning the streaming wars -- what's really important is how viewers spend their time.in New York City. "You'll hear some subscriber numbers but you can just bundle things so that's not going to be that relevant.
The timing of the statement is convenient, as Netflix's subscriber growth will surely begin to slow down due to the law of large numbers and fiercer competition. But his comments echoed past statements from Hastings and other Netflix execs, who have said that the company competes for user attention not only against TV shows and other streaming services, but also against video games, YouTube -- andBut Hastings is right to point out that many of the major U.S.
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