Netflix | 60 Minutes Archive
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- Опубліковано 27 сер 2024
- From 2006, Lesley Stahl's interview with Reed Hastings, founder and CEO of Netflix, the online DVD rental service whose subscribers (at that time) paid a flat monthly fee to order DVDs over the Internet, which were then sent to them by regular mail.
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Shout-out to the channel manager for putting this up right after the Netflix earnings
🎯 🎯
"Downloading" service haha.
Lesley Stahl made a great report and it has actually aged pretty well.
Just some not so subtle stock manipulation.
I stopped using Netflix thought it was so lame you have to pay extra just for 1080 or HD lmfaoooo . Hulu is the best u pay extra on Hulu for no ads only . I hope Netflix burns
Haha! 🤣 🤣 Yepp, they disappointed! 🤣
“Blockbuster is nipping at his heels”
That aged well
Hahaha IKR!
Streaming killed the video store
Streaming killed the video store
Internet came and broke their disks
Oh-a-a-a oh
Watching him try to find the number and call Customer Service was classic!! Great Job Lesley & 60 Minutes !! 👍👍
2006... when “MySpace” could legitimately be name dropped lol
How much of a threat is “downloading” movies from “the Internet.” Haha this is cracking me up!
Yes kids there was a time when we had to order DVD movies thru the mail, they're was even a time when pay phones were on random street corners and you needed 25 cents to make a local call. Fun times lol
If you’re OLD ENOUGH.... you can even remember when public pay phone calls cost TEN CENTS. 😳
As a kid, I found forgotten change or refunds in those phones at least a dozen times.
Going back further, the calls were 10 cents. The phrase "It's your dime," and many variations of it, had origins in those days.
I used to love walking into a Mr. Video or Blockbuster and touch the vhs or dvd sets. On the topic of phones, remember when cellphones entered the market?? A bigger cellphone was looked down upon. The smaller the better. Today a bigger phone is better.
Little did we know that NetFlix would become an ocscar award winning production house.
But it's never won a Best Picture Oscar. It took Apple+ to be the first streaming service to do that.
I love these rewinds. It's awesome to look back and compare.
I still rent DVDs through Netflix and it's a primary factor in my decision to continue using Netflix over other streaming services. Most people don't realize they still offer this service.
same here, they have ALOT of OOP dvds
Why would you do that if you could stream it immediately
@@r44bb98 Their disc catalog is vastly superior to the more limited streaming library. Also, not everyone has access to fast and/or reliable internet. Having to wait for a movie to buffer in 2022 is a real bummer, but a reality for many rural areas. I recently moved to a more populated area and jumping from 5 mbps to 100 mbps makes a drastic difference.
I had forgotten that they do offer DVDs thru the mail, but I thought it costs more for that service?! I do miss popping a movie in & sitting down with popcorn and watching it!!
@@aprilchamberlain1677, you are correct. It's a separate charge so it ultimately boils down to whether you're going to check out/rent enough dvds to justify the added cost.
What a great throw back to see how far Netflix and digital media has come.
One of my favorite company comeback stories. Who woulda thunk what started as a secondary supplementary service(streaming) would completely conquer the world of media consumption
Bob & Bobbie are just ADORABLE. I hope they’re doing well these days. Warms my heart.
They’re my grandparents. Bob passed away back in 2014 but Bobbi is still chugging along!
@@HankThe_Tank if you're serious, I'm sorry about Bob. However, I'm very happy to hear Bobbi is still kicking!
Incredible watching this. Thanks for sharing 60 minutes.
Can't watch this without remembering how feebly Blockbuster Video responded; going from over 9,000 retail locations in 2004, to just 1 remaining, and that one is kept more for nostalgia.
BlockBuster once charged me a late fee. I remember telling the manager that they would not stay in business the way they treated customers. I guess I was right.
@@ld4974 😄
Bad earnings or not, Reed Hastings is a genius and had great forsight. Thanks for adding this.
I miss receiving those dvds in the mail. It was like a cool new gift at your doorstep every day . Its so easy now, there’s no suspense or waiting eagerly for that next movie to arrive
Netflix still does offer DVDs by mail
Yes, I also miss the Red Envelope Club.
I used to be able to maximize my Netflix DVD service -- I work from home and my mail arrives before noon. So, when a disc would come in the mail, I often would stop work in the early afternoon and have a big meal while watching one disc. Then, I would get back to work. My business involved shipping stuff out using the post office, so I would often SEND BACK my Netflix DVD in the mail on the SAME DAY that it had arrived. I believe I averaged 10 to 12 DVD's per week, so I really got my money's worth back then.
Now those Netflix warehouses have been replaced for by a corner of a Amazon warehouse
Most people don’t know that Hastings contacted Blockbuster in 2000 and offered to sell Netflix to them for $50 million. Apparently, Netflix was really struggling to get enough capital to expand and Hastings did not like running the company. Of course, Blockbuster died years ago and those executives are kicking themselves. I am also kicking myself because I owned Netflix stock back in 2005 and sold it like an idiot. That stock would be worth over a million dollars today.
I feel like Netflix wouldn't be Netflix if blockbuster bought and ran it in 2000
@@mrsaltypnutz instead of saying “Its on Netflix” we’d be saying “Its on Blockbuster”
New technology called the DVD...oh god lol
Wow, I remember those red envelopes like it was yesterday. Crazy how things have completely changed in every way. I think we have one video rental store left within 50 miles of me. It only survives because of people who live outside of city limits and have awful satellite internet, and selling old video games.
My parents still get the envelopes every week
Fascinating to watch this now.
this is a cute reminder. I remember upgrading my membership to get ALL the seasons of Lost lol
This shows how much of a visionary this leader is and shows how he's managed to have the company evolve to meet the demands of the times
J
I love the passive level of trolling with these Rewinds
Don Cheadle is real happy right now that his manager insisted on including a streaming cut in his contract.
From Hotel Rwanda to Wedding Crashers, Netflix has all the hits!
How most of us managed to not buy Netflix when it was $4 / share baffles me to this very day.
I have curpo tunnel my hands hurted just by looking how fast they worked with the DVD's 😊😊😊. Im glad he is giving people employment 😇.
Thank you for your Peace Corps work. I too was in Peace Corps...Uganda
Thank you for uploading! Bob and Bobbi are my grandparents and I’ve been trying to find this video for years.
I had A LOT of friends who worked for Netflix in these early days in Silicon Valley and trust me they didn’t pay that great.
They constantly raise prices at the same time as the quality of series and movies gets worse, no wonder they lose customers.
They even charge extra if you want to see stuff in 4k. No other streamer does that.
That and they make you pay for what quality you want lmfaoooo so grimy
@@lisavanderpump7475 Indeed. $15.50 for 1080 and then 5 bucks more for 4K. What a joke.
Who's here after Netflix lost 35% in a single day?
8:07 this is one of the most hilariously ironic moments in 60 Minutes history 😂😂😂
Watching this video is fascinating
an hour to download 🤣
Love Netflix and their genius way of operating.
This nostalgia seems to be intentionally recalled to coincide with NFLX's stock price plunge of 35% to $22X.
If only Enron Broadband & Blockbuster could have sealed their 20yr deal back in 2000…
Man i wish i could go back and invest in Netflix
Wow how far we’ve come.
Content is 👑 and how we use it is ever changing
This is a very old video. Amazing!
*Everyone who reads this, we don't know each other and probably never will but I wish you all the best in life and all the luck in the world.*
Crazy how nobody believed this idea would work and then by 2013 Netflix took the streaming world by storm and really dominated the streaming world and Hulu was free in the early 2010s and they still couldn’t even rival Netflix until 2016.
I rememver watching hulu for free lol
Wow, I had no idea how netflix started. I hope all of those employees were able to keep a job with the company after they went digital. Just think of how much money they saved by changing to a streaming platform. And so much paper saved!
they didn't save any money by "switching to streaming" wake up you gen z diaper.
They didn’t. As soon as it was sold by this same guy all these folks got laid off
To think people then were talking about how dvds killed the vhs age and now dvds are a thing of the past overshadowed by streaming
I always wondered how Netflix came about, This must be real old because now we pay to tune on Netflix! It is great and the movies, cooking shows etc, are great! Ilove it!
As a millennial I grew up going to get movies with family at Blockbuster. Then I remember as a young 20ish year old man seeing Blockbuster fail without buying or partnering with Netflix. Netflix made the right move and made life easier for me to enjoy and learn languages.
@@headsuphockeypodcast2707 ya poor blockbuster u could rent games and movies lmao I rember slowly seeing Netflix vending machines in grocery stores
8:07 it's funny what they said was a threat was eventually their biggest success, although it's become too overcrowded now. Hastings was correct though in that he would be the leader.
Wooow, This is Genius. Great Mind. Worth Watching!
Life was simpler with MySpace…
Paused Dark (a Netflix show) to watch this report... And smile. 🤣🤣
Kind of funny how she calls it ITV and it's actually called Apple TV.
Thank you guys so much!!!💗
God bless you 🙏
🌹🌹🌹🌹🌹💕💕💕
Covid 19 🤬 ...Thank you Netflix 💗💕
R.I.P. Netflix
So old school!
Love this story! I made a small fortune back in the day selling their customer service number on EBAY before they posted it on their website.
Amazing!
They don’t do that stuff anymore. It’s all streaming and now they have android boxes that have all the movies you want for free that’s the best part.
What! I just heard MYSPACE! lol
Who could've thought 18 years ago that Netflix would come out with "Cuties".🤦♂️
“An hour” to download a movie in 2006.
Fair play Wedding Crashers is brilliant
Me in 2006: “Ooh, parasite encrusted DVD’s in my mailbox? To heck with Napster and Shazam. Sign me up for Netflix!” Not.
Crazy downloading was the threat because we didn't have the tech for streaming yet even
Wow, how much has changed
Good luck with next day delivery in 2022 with the way the USPS works!
They used to have "big ticket blockbuster movies" now thier failures stem from no movies anyone wants to see.
Thats because all the big studios stopped putting their stuff on Netflix because they want their own streaming services. That's the new model. Every channel, studio, news station, wants to start a streaming service
@@dylanfarnum4121 which means I don't see most movies any more. No movie is worth paying for another monthly subscription
Why does this feel like 100 years ago?
Having read "That Will Never Work - The Birth of Netflix by the first CEO and co-founder Marc Randolph", Reed is LYING about how it started about.
yes exactly
"They're betting that Downloading will eat you for lunch..."
Crazy to watch some of these videos I mean there was a time when people were renting DVDs. No to those people who are down on Netflix stock right now all I can tell you is this look at how many things we didn’t think would happen that happened. Most of us never dreamed of renting DVDs via the mail actually most of us now didn’t even notice how Netflix got started. I remember Netflix renting DVDs in the mail I remember blockbuster you ask most people in their 20s about Black buster they don’t know what it is. Just think there’s a generation that only knows streaming and downloading movies. Even when you look at this video look at how we were expecting the future to turn out we thought downloading movies would be the next big thing we skipped the concept of downloading a movie in an hour and instead we literally started streaming movies. Crazy right same concept as downloading Internet connection to a tv The only differences instead of downloading the entire film all at once why not bring in small snippets of it at a time so that you can watch it as it comes in. We never planned on UA-cam or any of the music streaming services none of that but it is clear those things are here to stay. So when you think about what is next for Netflix remember we already thought they were a big fish and a small pond there were others that were going to come in and take away customers didn’t happen yes now we have more big fish in the pond has gotten bigger but I would highly disagree with anyone who says Netflix still isn’t King.
The man Don Cheadle played in hotel Rwanda was tricked in going back to Kigali and was immediately put under arrest.
And this is relevant because….?
Canceled my Netflix long ago. I do not miss it
Me either
Would amazing if this industry came to online streaming
I didn't even know that they started out as an online DVD renting service. Can you still rent Blu-rays/DVDs by mail!?
I feel old
Yes! DVD rental is still a primary reason why I have continued using Netflix over other platforms. The discs still arrive in the red envelopes too.
I’m so confused right now (April 2022), when was this interview conducted???
Who even still owns a DVD player? Again, this is 2022!!!
This whole thing aged so poorly and it’s just fantastic to watch.
Wow. Myspace was still popular at the time of this video. My have we came a long way in a short time
If Reed Hastings knew then, what we know now....
Funny, he didn't thought-up. He brought up
It's not really downloading Wave, It's a streaming wave.
I forgot that Netflix used to rent games
sweet shop
Wow, this didn’t age well
I'm sorry! What's Netflix?????
Netflix is a distribution dinosaur. Been screaming this for years.
&&&& never knew Netflix started off with DVD . . ❤️❣️🤞💯
Why they do Puddle Cruiser like that tho? from the guys that brought you Super Troopers
Omg i forgot they had DVD’s.
I had Netflix from day one!
We had to mail the DVD’s back….
Everyone is cancelling Netflix. Lol.
Netflix is going the way of VHS to DVD's
Its the beginning of the end
Legend
This aged well
He was sooopo right ❤️
The blade runner movie poster signifies the future
DVD's weren't that new then they'd been around since the mid-late 1990s though most people hadn't upgraded to the newish tech yet
Most Netflix movies are really old I can’t ever find any good new releases
This is from 110 years ago