Netflix CEO: Amazon Losing Up to $1 Billion a Year on Streaming Video

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Saturday, November 17, 2012
TRENDING STORIES IN MEDIA Introducing the New Mashable: Social, Mobile, Visual Learn How Google+ Helped Skyrocket a Musician's Career 'Sports Illustrated' Crowdsources Cover of Year's Final Issue ALL STORIES IN MEDIA Netflix CEO: Amazon Losing Up to $1 Billion a Year on Streaming Video Friday, November 16, 2012 12:11 PM Todd Wasserman Netflix CEO Reed Hastings estimates that Amazon is spending up to $1 billion a year on streaming content for Amazon Prime. Hastings (pictured), who spoke with Dow Jones editors, said he was basing that stat on deals in which Netflix and Amazon... Top 3 Reasons Why You Need to Attend the Mashable Media Summit Friday, November 16, 2012 7:20 AM Jennifer Diamond The Mashable Media Summit is a rare and unique opportunity to be in the company of leaders from all areas of the industry. In less than two weeks, you'll hear from new media companies like Facebook, Tumblr and Reddit, as well as more traditional...		TOP STORIES TODAY Netflix CEO: Amazon Losing Up to $1 Billion a Year on Streaming Video Top 3 Reasons Why You Need to Attend the Mashable Media Summit Mashable Media Summit Tickets Will Sell Out Soon What Is the Future of Mobile, Design and Social? Flipboard Adds Book Catalog With Affiliate Cut From Apple TOP TOPICS Watercooler 236 followers Video 4,426 followers Trending 8,690 followers Viral Video 1,239 followers Mobile 5,655 followers Social Media 81,476 followers Business 42,620 followers Entertainment 4,149 followers World 1,019 followers US & World 561 followers
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