We can't afford all the new stuff and offer the service for $8. So at $8, we're a complement to the new-release business. And with that, Netflix CEO Reed Hastings explained why your Watch Instantly queue feels so tired.
Hastings, speaking at this week's D9 conference, positioned his company the way regular users have seen it for a long time now—as a warehouse for back catalog titles. Because despite paying huge sums for television licenses, the company still can't afford new releases for the relatively modest fee that they charge customers.