Netflix CEO Reed Hastings: “Amazon is so scary”

Netflix isn’t the reason why people are quitting cable, Hastings also said [on Squawk Alley]. “Very few people have cut the cord. We have seen maybe 2 million or 3 million of 50 cut the cord. We don’t think of it as a big overlap that we are driving cord cutting. In general, it is like 2 to 3 percent per year, like broadcast ratings over the last 30 years. It will take a slow, secular decline, then they will adjust the economics.” – Robert Briel, Broadband TV News

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