a (small) thing of weight and mass

As reported by the LA Times…

Netflix Chief Executive Reed Hastings, confirming what his critics have said for months, conceded his company “got overconfident” this year and moved too fast to get its customers to stop ordering DVDs in favor of online streaming.

He also said his company sometimes pays too much for its content.

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Hastings spent much of his interview talking about Netflix’s push into original content. The service is making a political drama called “House of Cards” starring Kevin Spacey and also is producing new episodes of the critically acclaimed Fox sitcom “Arrested Development.”

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And why not? Asked if Netflix has been spending too much on old TV shows and movies for its streaming service, Hastings acknowledged that “sometimes we do overpay.”

Hastings said the competitor he fears most is Time Warner’s HBO and its new HBO Go service.

“HBO is becoming more Netflix-like and we’re becoming more HBO-like,” Hastings said, referring to the pay cable channel’s new iPad application HBO Go, which enables subscribers to watch the network on the tablet device.