This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

HBO Is 'Netflix Bitch'

NEW YORK (TheStreet) -- If Netflix (NFLX - Get Report) CEO Reed Hastings has his way, HBO will be a "Netflixbitch."

On Netflix's fourth-quarter earnings call last night, Hastings was asked a question by JPMorgan analyst Doug Anmuth about users sharing passwords, after Rich Plepler, the CEO of HBO, which is a subsidiary of Time Warner (TWX - Get Report), said he didn't care whether users shared their HBO GO passwords with friends.

"It presents the brand to more and more people and gives them an opportunity, hopefully, to become addicted to it," Plepler told BuzzFeed in a recent interview. "What we're in the business of is building addicts, building video addicts, and the way we do that is exposing our product and our shows and our brand to more and more people."


Hastings said it was an "interesting comment," and that Plepler wouldn't mind Hastings sharing his username and password. Jokingly, Hastings said Plepler's username was plepler@hbo.com and his password was netflixbitch.

Start at 14:25 in the video below for the off-color comment from Hastings:



When the streaming video service talked about competition in its shareholder letter, HBO wasn't mentioned. "Our domestic growth is very strong, much of which should be attributed to the tailwind of Internet video growth in general," Hastings wrote in the letter. "Hulu had 3 CEOs in 2013, and yet grew paid subscribers an impressive 65%. We think YouTube, Amazon Instant Video, iTunes video and BBC iPlayer are also growing fast."

No HBO in that statement. It's pretty clear as to where Netflix is aiming, from leaving a mention of HBO out of the shareholder letter and Hastings comment, despite it being made in jest.

Your move, HBO.

-- Written by Chris Ciaccia in New York

>Contact by Email.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
NFLX $617.06 -0.77%
TWX $84.45 -0.88%
AAPL $130.68 -1.40%
FB $79.58 -1.20%
GOOG $531.14 -1.70%

Markets

DOW 18,066.41 -165.61 -0.91%
S&P 500 2,105.48 -20.58 -0.97%
NASDAQ 5,032.2640 -57.0980 -1.12%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs