7/27/2009

Despite competition from Redbox, Netflix CEO Reed Hastings said the company is not interested in entering the vending-machine arena. "Netflix will always be in movies, not in various ways to ship or move discs or any other aspect," Hastings said. "So the businesses are really organized quite differently, and we have no incentive to go into kiosks. We are putting all of our innovation efforts ongoing into streaming."

Related Summaries