Sunday, December 3, 2006

Netflix

Lesley Stahl goes behind the scenes at Netflix, a company that rents movies by mail. She talks with Netflix founder Reed Hastings, a one-time math teacher, whose company now rakes in about $50 million a month. But will Netflix survive the coming challenge of the Internet, which will allow consumers to download movies to watch at home?

Netflix
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Poll:

Would you rather rent or download a movie?

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DID YOU KNOW?

  • Reed Hastings launched Netflix in 1999, after selling another company he founded, Pure Software, for a reported $750 million.
  • Netflix expects to spend about $300 million on postage in 2006.
  • Netflix offers more than 5 million members access to more than 65,000 titles.
  • Netflix does not rent pornography.

Downloading vs. DVD

Comments

Sound off on this segment. Here you'll see the comments in the order they were posted.

1
Stop with the adverts and fix the technology so one can actually see a clip before being deulged with drivel from Chase, Blackberry and others. You are pissing us off and for those of us viewing overseas it is not cool to wade through dozens of ads to see something we cannot otherwise see. 60 Minutes does not interrupt its segments with an advert every 2 minutes, why do you feel you have have the roight to do that as Yahoo! Especially if one views several of these at t time byond the posting date.
Posted by denisinwales1@btinternet.com on Sat, Dec 2, 2006 6:09 AM ET
2
And "Play all the clips" means I want to see the ones you e-mail me about, not an ad nauseum repeat of the depressed woman interviewed by an even more depresing one! Come on, get it right folks! This is bush league and damages your and your advertiser's credibility.
Posted by denisinwales1@btinternet.com on Sat, Dec 2, 2006 6:12 AM ET
3
Not to mention 60 Minutes' credibility! If I were CBS News I would be very unhappy to see this kind of feedback. Hopefuly someone there cares enough to listen and then ACT!
Posted by denisinwales1@btinternet.com on Sat, Dec 2, 2006 6:17 AM ET
4
Lame. Does not work on a Mac.
Posted by lukasinski on Sun, Dec 3, 2006 9:14 PM ET
5
Does not work on a mac. Netflix throttles customers. I will download
Posted by universalruler1 on Sun, Dec 3, 2006 10:13 PM ET
6
Netflix sucks
Posted by universalruler1 on Sun, Dec 3, 2006 10:14 PM ET
7
I'm a Mac user, and I can't watch your video. I'll go elsewhere. Yahoo, you continue to disappoint.
Posted by superericatwork on Sun, Dec 3, 2006 10:21 PM ET
8
Nextflix will be dead in 5 years.
Posted by bthroman on Sun, Dec 3, 2006 10:23 PM ET
9
None of these ever work for me on Yahoo, no matter which computer I use.
Posted by eaglesrealm on Sun, Dec 3, 2006 10:35 PM ET
10
I am praying that Netflix stays in the game. The "unpopular" movies are our favorites along with opera and ballet and special performances I doubt will be made available in the future. I was hoping for more about Hastings and his forays into public service, et al. Seems like a great guy.
Posted by sylviagreenridge on Sun, Dec 3, 2006 10:41 PM ET

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