i don't just watch netflix. i watch content from all the different services and i love the fact this is the new ubiquitous way to watch things. i also look at netflix and a half to trust that they will be responsible. and i know because of the culture, because of the things that were there from the very beginning that netflix is going to thrive and is going to be responsible steward and i'm very, very excited about the future. >> host: "that will never work" is the name of the book. mark randolph is the cofounder and first ceo of netflix and he is has been our guest. thanks for your time. >> guest: it's been a pleasure being with you. thank you. >> this week the house intelligence committee and chair adam schiff continued public impeachment inquiry hearings. beginning tuesday morning at nine eastern on c-span3 watch live testimony from jennifer williams, aid vice president mike pence and director for european affairs for the national security council lieutenant colonel alexander vindman. and ambassador kurt volk

a different form is the subscription model to netflix. that is not something you hit upon the beginning. >> ironically, i kick myself for missing that. persons whothose was a 40 year overnight success. netflix was my sixth startup. two of my startups were in the publishing business. i have spent many years mastering magazine circulation and subscription. the idea that we could apply subscriptions to video rental by mail was so far out there, the idea for video rental by mail in general was so far out there that it took us a while to get there. it took us 2.5 years of failed experiments before we finally stumbled on a crazy combination. that was description service and the zero due dates or late fees. of what youa list want to see so we can ship them automatically. if you had asked me woman watched the company years earlier what with the business model look like? i never could have told you it was going to be's instructions. who knew? >> what do you think of the name netflix? >> it's growing on me. [laughter] one of my early investors gave

netflix. netflix went online. at what point did you feel financially secure. >> one of the essential ingredients of being an entrepreneur is you never feel secure, financially or otherwise in terms of the otherwise piece, it is inherent in a startup that you struggle and claw and climb your way to the top of this first hill and you collapse in a keep when you finally made it only to catch her breath and look up and see an even bigger hill in front of you. when we started netflix, our goal was to be as big as a single blockbuster blockbuster. $750,000 a year. we had back on the first two or three months. then you look up and say there is 9000 blockbusters. once we pass a blockbuster, there is hbo and comcast. there is amazon. it is never ending. part of that is recognizing you can never sit back and say we are done. economically, i have never been someone who is motivated by how much money i have. that is not the point of this. it's the fun of coming into a room and sitting down and solving really interesting probl

numbers out ofhe netflix or about netflix thus far suggest status ". it's almost as if there is not competition. the external measurements, the have that data analysts used like google search trends numbers ownloads, the are snroor what they were a year ago or perhaps even better. suggests that the internal number, the number of people canceling is also unchanged. is a very small sample size, most of the people ho signed up for disney+ or apple plus are on some kind of free trial, the real effect of new competition probably won't six months, 12 months, but that being said, wall street analysts are paying attention to this and netflix's next earnings report which will be early next year, scrutinizing whether they beat or missed, they'll possibly blame it on disney or are not the those root causes. we or: lucas, why aren't seeing more churn in netflix? you : part of it is, if believe the c.e.o. of netflix, his theory is people will add on to netflix, much as as consumers move from linear satellite cable and to streaming, they'll sign up for multiple serv

we saw that with netflix. we saw that with digital advertising when digital advertising reached 10%. i think e-commerce will be 30%, 40% of the market and there will be new players. the second big thing, i think the consumer's loyalty to brands have been decreasing. i think the millennials are willing to try a lot of new brands as opposed to their parents generation. we are seeing a lot of new brands popping up. there are not a lot of good places to discover those brands. these platforms, for consumers to discover a lot of cool brand. the third thing, we are also seeing that a lot of the large brands which are heavily dependent on department stores, a new avenue of distribution, and we are becoming a distribution platform for them. scarlet: free one-day shipping, will that be a permanent feature? this can become costly. imran: we believe that a consumer shops for price, quality, convenience, and selection. a brand is a promise and verishop's promise is that convenience is an area we will focus on. how can we d

i wanted that to be the culture of netflix. as he protected we got close to april and had to come up with their own name and all the good ones they were trademarked or the domain name was used and so in some ways netflix was the last name standing it was a little like porn with that f and the acts they are but it seems to be okay now. >> host: now showing these are some of the names that you all were considering for this company. describe reed hastings. >> guest: reed is a genius. i will immodestly say i'm a pretty good early-stage entrepreneur and i'm probably in the top 1% but reed is in the top 1% so he's phenomenal and he's a late stage on for nora. he has the whole package but what was fantastic about working with reed is how the two of us work together because in many ways we brought accommodation of skill sets and attitudes. i came from the marketing where my entire expertise how things we said and did will be received by customers and reed brought understanding of how he could deliver a new and different ways and ultima

netflix charges at least $9 for its basic service. apple will hope to sign up many of the 900 million people around the world that have an iphone. anyone that buys a new apple device will get one year of apple tv+ free. but what will there be to watch? the morning show, a tv news drama starring jennifer aniston and reece witherspoon that tackles the me too era, is one of eight new series commissioned by apple for the launch. but it's a modest line—up when you consider disney is about to launch its own streaming service with a vast library of classic films, including the star wars and marvel series. and it's a very different proposition from apple's previous foray into tv, as cody godwin in san francisco explains. apple tv+ is different from apple tv, which is a physical box that can log into your tv and basically turn it into a smart tv with apps that can it into a smart tv with apps that ca n allow it into a smart tv with apps that can allow you to play content from different places on the web, including netflix, disney and youtube

right now, we have hulu, amazon, and netflix. with netflix being the clear leader. most expect that disney plus will be an additive to netflix. that people will be able to pay for both. but if it slows the growth of new subscribers to netflix at all, that is bad news for the company and investors. rich, how do you see disney in the context of the broader streaming wars? rich: i think about it differently. people spend $45, $50 from these top streaming services. upwards of $100 or more for comcast or charter spectrum, those bundles are going to weigh in consumers are giving up on the cord cutting at record paces. contentll of this great from disney +, apple tv plus, netflix, amazon, soon peacock from nbc, it's making it easier and easier to cut the cord. that frees up a tremendous amount of wallet. for me, this is like adding fuel to a fire that is already started burning and this will make it that much easier to cut the cord going forward. i think this is sort of the industry. today is like a real watershed moment. this is disney saying, the cable bundle is in the p

right now, we have hulu, amazon, netflix. most expect that disney plus will be an additive to netflix. but if it slows the growth of new subscribers to netflix at all, that is bad news for the company and investors. taylor: rick, how do you see disney in the context of the broader streaming wars? rick: i think about it differently. these spend 45, $50 from top streaming services. upwards of $100 or more for comcast, charter spectrum, those bundles are going away. consumers are giving up on those bundles. i think seeing all of this great content from disney plus, apple it iss, netflix, amazon, just making it easier and easier to cut the cord. that frees up a tremendous amount of wallet. for me, this is like adding fuel to a fire that is already burning and will make it so much easier to cut the cord going forward. today is like a real watershed moment. look, the cable bundles in the past, we will put all our best assets onto streaming and whatever happens in the bundle, so be it. it will be a tough place for espn in their futu

liz: conceding a little bit on the side of netflix but netflix promoting the crown, obviously that will grab a lot of eyeballs, people absolutely love the show. tell me how else netflix will beat out disney when they have the star wars? >> this is going to be very difficult for them to beat out disney because as porter said, you have a massive amount of content but netflix has the loyalty, they have the loyalty and they have people who binge-watch, you know, the bottom line with netflix is the demographics, they understand the demographics better than anybody and i don't care and how much they've been spending money, if you have a 12-year head start at studying how people watch, you are -- you are -- you are in a good position to start creating new content and they keep making great shows, they haven't slipped up, the shows -- i mean, granted, there's some shows that are pretty lousy on netflix but there's a lot that have a following and i think the people will remain loyalty -- loyal. liz: can i throw comcast peacock into the mix? comcast really behind. >> here is from an investor's po

meanwhile, netflix saw shares fall. disney's entering has consumers tolerance for an array of choices. richard greenfield told me disney's launched the death of the cable bundle. >> i think about the world from a standpoint of the legacy cable bundle where people spend anywhere from the low end for $45 or $50 for one of these top cable services, upwards of $100 or more for comcast or charter spectrum. those bundles are going away. consumers are giving up on those bundles. cord cutting is at record paces. seeing all of this great content from disney plus, apple tv plus, netflix, amazon, soon peacock from nbc. it will make it easier to cut the cord. that frees up a tremendous amount of wallet. this is like adding fuel to a fire that has already started burning. it is going to make it that much easier to cut the cord going forward. i think this is the industry. today is a watershed moment. this is disney saying look, the cable bundle is in the past. the future is streaming. we will put our best assets on streaming. whateve

let's look at netflix. for many cinema—goers or those who run the big cinemas around the world, netflix has been a real thorn in their side, stopping people from going to the movies, because there's so much choice online, streaming, but actually it is coming to the rescue of a paris that are. the paris theatre in new york, if you are lucky enough to be there, it's in the guidebook. they are taking a lease on it and they are going to use it as a vehicle to showcase some of their own movies and everybody goes there, they might be aware that netflix is involved in the irishman, and that has had a very limited cinema opening in london, and it has gone straight to netflix. you can see the way we consume films is changing, netflix realises it is not just about millennial‘s, even people my age do like going to the cinema to see things. even people your age! yes, even my age! it's a really lovely story, the paris theatre is iconic and the idea of closing down 01’ iconic and the idea of closing down or running

--omberg netflix saw shares fall. disney is entering into the streaming space tests consumers tolerance for an array of choices. >> i look at it pretty differently. i think about the world from the standpoint of, the legacy cable bundle where people spend, at the low-end, 40 five dollars, $50 for over-the-top cable services like hulu live or hulu thosecharter spectrum, bundles are going away. consumers are giving up on those. cord cutting is at record paces. seeing all this great content from apple tv plus, netflix, amazon, soon nbc, it is making it easier and easier to cut the cord. that frees up a tremendous amount of wallet. this is like adding fuel to a fire that has already started burning. this is going to make it that much easier to cut the cord going forward. i think this is the industry. . watershed moment this is disney saying the cable bundle is the past. the future is a streaming. we are going to put our best assets onto streaming. whatever happens to the bundle, so be it. it's going to be tough for espn a

if you're netflix subscriber, you want it on netflix as soon as possible. they have done that. i don't have the motivation to go to the theater. >> definitely some people argue for the atmosphere of a theater, going in, sitting buying the popcorn, doing all of that. honestly if something was available i could watch from my couch i would definitely be one of the people do that that first. connell: me too. atmosphere of the theater, deal with people, get in line. not exactly a, best atmosphere. >> maybe you're excited about the reclining chair. connell: honestly that is not a bad point. that does factor into it. that changes things a little bit. i want to talk about competition which you brought up. there is plenty of it. netflix is dealing with it in a few ways. number one, they're rolling out 43,original series this month. this month today, when apple tv plus plain -- launches. disney plus already has 6 million subscribers it claims. the competition is real this time for netflix. they're spending a ton of money to deal with it. what do you make of all this? >> it has to. this i

is changing channels with netflix under attack from less and more expensive new competitors will sort out your new options but 1st the ukraine whistleblower story let's separate the noise from the new i'm holland cook in washington this is the big picture on r.t. america. during the mainstream media wall to wall impeachment frenzy we're hearing a lot about whistle blowers sounding the alarm over president trump's quid pro quo with ukraine what is a whistleblower and what about ukraine let's call in rally a retired f.b.i. special agent and former minneapolis division legal counsel she was a whistleblower about the f.b.i.'s preening 11 failures testifying to the joint intelligence committee inquiry the senate judiciary committee and the inspector general staff of the department of justice she was named along with 2 other corporate whistleblowers as time magazine's 2002 persons of the year colleen how uncomfortable did it get for you when you have followed your conscience by speaking out about 911 failures where yes shunned. well actually in my case it took 4 senators. grassley lazy and

which is a great story, they should make it into a show on netflix. i think that would be ray great show and the police will be watching it when she calls. can we admit this is partly netflix's fault, though? they make binging too addictive. maybe netflix should have a setting for people at work so it says, if you like stranger things, you may like doing your (~bleep ) job! it might work! i do have a tip for anyone, though -- if you do call 911 and you suspect that they are ignoring you because they're watching netflix, there is a code you can use to make sure they send someone right away. say "black guy" then they spring right into action. it really works well. just pick up a phone and be, like, hello 911, my cat is struck in a tree and there's black guy out there. we're send something one right away! he's on his way! that's it for the headlines, let's move on to our top stories. ( cheers and applause ) our main story is about vaping. it's for people who like smoke bug don't like to look cool. when vape pens first came out they were marketed as a bet

we have a $415 price target on netflix. i do believe that it gets there. at the end of the day they're reinvesting in that content and i think that's incredibly important because you're going to take out the expense of them having to pay the studios so i think this will continue to be a long-term play and it's a name you want to hold >> 120 million households, you're getting a lot of free subscriptions. $1 a month and getting rid of the free third party is helpful. $14 billion and the accounting is fuzzy but typical viacom/cbs merger takes place december 5th they're spending $56 billion on content as a baseline. then how much can i as a consumer spend for these services i think netflix will continue to be a player in that market, $137 billion market cap the deal is done in two weeks. >> don't you think that disney -- >> disney is phenomenal. >> is a must have along with -- >> disney plus is in my household. verizon gave them 50 million potential subscribers for free and they're getting, according to the players here, full r

do i turn on youtube, netflix? and we want to you choose netflix because you're in the middle of a great show because you know you're going to find more because there is great titles that's the main focus. >> you talked a lot about youtube over time. and also the idea of mobile. and i've heard you make some hints more and more comments about mobile, many people watching on phones jeffery catsen rk launching kwiby next year. do you think people are watching meaningfully -- you get the data already. watching. >> we've been listening to ceo reed hayesing on stage with aund ross sorkin at the conference. well bring you more nuts as it develops but in the mean let's trade this there are a couple of important things he was commenting on competition in the streaming wars with so many services coming online shortly. and he said we're not necessarily competing for the subscriptions we're competing for time which seems a good thing for netflix because it doesn't matter how much a person watches -- it matters more they pay th

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multiple and netflix multiple might need to come down a lot. >> netflix is the pure play. so netflix has one which of earning income disney has multiple ways of earning income i'm not saying -- i'm not saying a doubling of the multiple process. but there has to be some increase if you say there is not an increase in multiple deserved, i think you're not being being honest. >> you can see that there should be ha downgrade of multiple in a stock like netflix. >> 100%. >> it's meeting in the middle somewhere. >> yes. >> let's get reaction to the disney plus number joining sus tom rogers executive chairman of wynn view. cable tv president, a "fast money" friends you name it. he is it. >> he is also a stud, say that all the time too i was going to say. >> up to you. >> i'm saying it. >> after i'm done. i'll say it after. >> now i can only disappoint. >> the pressure so high. >> i'm a disney plus subscriber. >> one of the 10 million. >> i'm a verizon subscriber so i got it free and i took it. >> do you look at the 10 million and think, o, yeah that $10 pop in the stock was justi

could this spell the doom for netflix? the ceo does not think so. been brown has more. >> reporter: that will never work is the title of a book by mark randolph, the founder of netflix. >> i wanted people to know the untold story of netflix and how it was not always this global streaming thing. it was a tiny struggling company at one point. truck today netflix has become a company with over $100 billion and leading the way in digital audio streaming. >> in those early days i just want to be the size of a single blockbuster store. and after that i wanted to be a small video chain. i never imagined having 150 million cert subscribe. i never imagined producing our own movies and television shows. >> reporter: now they face an unpredictable future after several other companies are releasing streaming platforms. >> there are companies that have very deep catalogs and at the same time are producing quality content that consumers want. >> reporter: these media giants have multiple sources of revenue they can rely on. >> reporter: netflix is something to be

now netflix hulu and disney plus you're only misspent $60.00 a month but if you don't care about live entertainment or live news you could do that for almost half the price now i think there's a big one that we're going to see that's going to actually hurt our cable providers is h.b.o. max yeah they're going to watch in may of 2020 and what they're doing is they're giving a deal where you get it for free if you have h.b.o. now which is like h.b.o. go comes from your cable subscriber and you have a cable subscription but you get it because if you like it well yeah but h.b.o. now you're buying it directly through h.b.o. so the theory here is that what they're trying to do is decouple themselves a little bit from that cable provider because why do they want $345.00 for each subscription when they get all 15 from every single one and i think that could really hurt the cable subscriber yeah you know it's really interesting because this is the obviously has the catalog right of content and before doing this as you said they've already they acquired the simpsons they took over the star wars

no reason for us to beat netflix. we're taking advantage of netflix's great growth and maybe we helped netflix's great growth >> that was the thinking among many >> i'm going to go right now, right now, here's the deal jim mcnerney, the great boeing ceo, i said to him, you know what, i see all these companies, and they always say, you know what, we're really friends, it's good how about you and airbus he said, i hate airbus what do you mean what do you think this is, harvard/yale he said, airbus is the enemy they're the enemy for heaven's sake come on. can we stop with the friend thing? there is no friendship you don't -- there is no friend -- you think jamie dimon is good buddies with broin miia moynihan he wants to take his customers >> that's what competition -- >> business is about taking the other guy's customers. reed hoffman said over and over again the more the merrier >> reed hastings. >> reed hastings >> couple of reeds >> enough with the friends enough with the friends. >> they were collecting nice sized ch

the same with netflix. netflix and spotify are the better ones, the ones that did break through with consumers the question is can they take that up. >> they gave up or added it in >> they gave up spotify. i'm not sure why they like the product. that's pretty much it. >> better interface. a lot of people like it better what's interesting that's different about music versus television or news, the music stuff, it's a commodity, right you're getting more or less the same things on spotify as you would apple music. there are some differences but it's essentially the same stuff. with the tv content, it's different, right you're supposed to be getting different shows. you're supposed to be getting things exclusive to apple tv plus or to netflix in the case also of tv plus, i know it's at what $5 a month that's free if you have a new device $5 is pretty expensive it's a lot of money for, what, a dozen shows at the start it will build up. >> depends how good those shows are, too. >> yeah. the flagship is the morni

streaming services in coming months netflix still the clear leader netflix ceo has down played new competition from disney and other saying the real threat is linear tv. no doubt investors will be closely watching subscriber numbers as they make this big bet on streaming the shares have had a big run up 25%. >> here is the thing we've got the netflix competition. hbo max and others but disney also owns part of hulu, which is kind of a competitor but they also own it along with our parent company where does hulu fit into all of this >> is there is the monthly fees we just talked about then the whole ad model. in hulu, the majority subscribe to the market that don't have ads, about 70% this ad model is increasingly important. that is against other competitors in the space youtube fighting over digital ads. with he know that will be a focus of nbc streaming launching next year. in addition, we'll look closely at how these companies approach adds when it comes to some live content. that espn plus bundle key thing to watch going ahead here, brian. >> it is i can tell you this many, if you've got ki

that kind of makes sense are they as successful as netflix? up and down. the one that's confusing to me is apple this entire project for apple started with we're building a tv, going to solve the interface of the tv, get rid of the cable box, couldn't do it, never built the tv, now made -- like i don't understand how they started at we're going to re-invent this hopeless device that you hate and landed at the morning show i think that question for them in particular is going to have to break over time in terms of clear thesis why this is happening. >> maybe some hills are too steep to climb like a car, right? >> yeah. i mean, tvs are once easy to make i talk to tv vendors, they say it is a low margin business. we have to put software on the tv, track what you're watching, make recommendations, sell ads on home screens to increase revenue, otherwise it is a 6% margin on panels apple doesn't want to be in a 6% margin business. don't want to track you, sell ads, they can't come at it directly, i think they're coming in the side door. >> maybe if a car is too

has netflix changed its tune? >> they have been fairly onsistent in that they don't -- they want to judge newsers to not share the password but they don't want to upset users, they want to expose their shows to as many people as possible so more people will come back and eventually someone who is sharing will sign on. but netflix reached a point in certain markets, especially in the u.s., where their growth is slowing and they can squeeze out extra growth if they go after people who are sharing. >> to what extent will this push people to using illegal methods? >> i think it's a big risk in other countries and to some extent of the u.s. ou have seen it drop in places -- you've seen piracy tend to drop in places where paid video services like netflix are popular. one substitutes for the other, you're getting a good service with lots of tv shows, whereas piracy remains high in markets across the asian pacific and latin america. if they get too extreme you could see a spike because if there's a new popular show, "game

bigger libraries at netflix and disney plus. as we talk about this idea of content, we are seeing hundreds of millions paying for rights to shows and billions spent on original content how much of that will be critical for the success of these companies as they create shows. some of these shows are not exactly coming out to acclaimed reviews. >> at this point, we don't know what the appetite is they are accustomed to subscribing probably to netflix and more than one. we don't know if they'll have the appetite to subscribe to seven, eight, even 10 screaming services the way they are dividing themselves is offering acclaimed programs >> if i subscribe to all of these, i'll be paying $60 to $70 for streaming. so much for cutting the cord and saving money >> you have at&t getting into the streaming wars with content. disney recognizes that people will leave traditional cable, so they need an joefr the top evering. we have to look at the comcast and communications of the world because content is king. they are trying to create the co

netflix has thousands of shows. what drives engagement and revenue is going to be the quality of those shows and that is what apple needs to learn quickly. there is so much quantity. you only have so is so much quantity. you only have so much time on the day and there is a proliferation of content. why should people have to pay for a proliferation of services as well? you are not going to pay for four or five or six of these. that is the challenge. people want to watch more content on the go, on their mobile devices, but with that chef nobody really wa nts devices, but with that chef nobody really wants to sign up to four or five different services. you have to pay different billing cycles and you have to go into the apps. you cannot find what you want and you come out. apple is uniquely placed to position itself as an aggregator. netflix and amazon prime are available on apple tv+ but they are trying to differentiate by having the next big blockbuster on apple tv+. they are going to be around for a while. and they

a run for its money by her money while it is $1.00 of the price your options it is giving netflix a run for its money by hosting a lot of the content that netflix used to host which will include multimillion dollars doing a lot of the content that netflix used to host which will include multimillion dollar deals to host friends south park and big bang theory now in addition to all of the originator deals to host friends south park and big bang theory now. addition to all of the original h.b.o. shows the service will also host lord of the rings sesame street the fresh gentle h.b.o. shows the service will also host lord of the rings sesame street the fresh prince of bel-air and rick and morty and if you already have h.b.o. now and you're a subscriber prince of bel-air and rick and morty and if you already have h.b.o. now and you're a subscriber there then you will be upgraded to h.b.o. max automatically and finally we have every there then you will be upgraded to h.b.o. max automatically and finally we have n.b.c. universal which is also expected to launch their own streaming service

no matter for scorsese who says he had no hesitation going with netflix for richard like. part of history yes. to brining to life the projeject me ththan a decadade in the makinio we thought. was a big names that all right is his business for you now you could always with me in the studio i know you can i get all random to start with the american plane make a boeing because they've been hit with anotother big security let himim there. that's right boeing has been grappling with the global grounding of its seven three seven max stats but now it's suffered a set back for his upcoming triple seven x. aircraft. according to the seattle times the fuse large of one of the wide body jets split open during a stress test in september. boeing suspended pressure testing following media reports about a call kato fabia but the much more serious if he's lost damage had not been previously reported. boeing says the problem is unlikely to affect its limit. dedelivery time night which has already faced delays. the latest setback comes after the us aviation authority toldd ththe playmaker a

is just selling netflix. does that mean they're going to approach the business differently than their rivals? >> yeah. i think that's a great point, carl every player in the streaming space has a different set of priorities for the overall business, and each of them, disney obviously is thinking about theme parks and products and enhancing the overall disney brand. apple is quite consciously thinking about hardware. i think we see that from them offering content free to anyone who is buying a new iphone amazon as we know is being effected across a wide variety of markets each of them with different priorities netflix at this point is a pure play streaming service, thinking about how can you have incredible content to keep people streaming i don't know that it creates a worse or better opportunity. they're thinking how to capitalize businesses. it will create a fun, diverse amount of content. hbo max. watch them come online take that series and diversify at&t is looking to grow their business everyone has a di

we keep saying netflix, netflix. why to your point 12 to 18 month from now, who is the name we're talking about? >> no doubt. 160 million consumers. neil: this qualifies for the oscar picks and all of that? >> that's why where netflix was a game-changer, started to get on the red carpet, oscars, academy awards, golden globes. apple will follow in the fat steps to get to the big screen because it is validation. netflix, it had a massive ripple effect across hollywood. if you're a key producer now, trying to get a film green light, ultimately netflix is one you call. neil: i don't know what is more remarkable, the fact they have computer-generated technology to make the guys look younger or the fact that robert de niro is playing an irishman. what do you think of this whole computer thing, i'm reading reviews, remarkable. >> the technology is remarkable the testimony how far we come in the world of special effects. things we can do these days. neil: not one of these images that look kind of hokey or, apparently -- >> t

netflix, that story that worried me when i came into work, even if you have stopped using netflix, because they keep your details on their system in a dormant manner for up keep your details on their system in a dormant mannerfor up to keep your details on their system in a dormant manner for up to ten months it has been found others can hack into that and start using netflix and you are being charged even though you think you have stopped being a netflix user. that isa stopped being a netflix user. that is a real concern. take a look if you would like to get more detail on top business stories. you're watching worklife. a reminder of our top story: cryptocurrencies, we have bitcoin, the european central bank thinking of beginning one and facebook launching libre and a new report shows fraud has gone up significantly in the first nine months of this year compared to last year, 150% climb. many of us take our working life for granted but every day in the uk another 600 people have to take on the responsibility of caring for a loved one. that could be someone who has become elderly, ill or d

so netflix, this is not that new from netflix. i think 43 is a bit of a particular big number. last year they did in the 30s in january. remember last christmas, netflix had birdbox as a cultural phenomenon. netflix is used to this. i think the biggest announcement from netflix was really quiet. they announced an original fictional podcast series. apple's long strategy, watch it, listen to it. on the day apple launches, netflix launches their first fictional podcast. netflix sees what the strategy is. stuart: very smart. you do a podcast. >> i do. stuart: i don't know what a fictional one is. that's interesting. >> i have listened to some. they are basically like tv series. so you can do entertainment in the home. you also do it in your car. that's where the podcast comes in. stuart: it's about six leading streaming services that are going to be with us at some point. if i buy all six, i'm looking at an extra $70, $80 a month. i've still got to pay for internet and i've still got to pay for cable if i want to watch live sports and news. >> skinny bundles, yes. stuart: bottom li

and production mergers artie's trinity chavez is on the ground in new york to bring us the latest on netflix to dive into the screening sector we have a lot on board today so let's get right to it. united states federal reserve chairman jerome powell on monday insinuated that there would be no changes in federal interest rates in the coming months comments came here which took place during an address to the greater providence chamber of commerce in rhode island come as the fed has cut rates by a quarter percentage point 3 times since july of this year the fed chair said policymakers are focused on meeting inflation goals adding it is essential that we at the fed use our tools to make sure that we do not permit an unhealthy downward drift in inflation expectations and inflation we are strongly committed to symmetrically and substantially achieving our 2 percent inflation objective so that in making long term plans households and businesses can reasonably expect 2 percent inflation over time paul's comments come just 2 weeks before the next fed policy meeting which takes place december 10th an

has netflix changed its tune? been fairly consistent in that they don't [no audio]to come backople will and eventually someone sharing will sign on, but netflix has reached a point in certain markets, especially like the u.s. whether -- where their growth is slowing and they can squeeze out extra growth if they go after people who are sharing will stop -- sharing. will this pushnt people to using illegal methods? >> i think it's a big risk in other countries and to some extent of the u.s. you haveyou have seen it drop is where netflix is possible. you are getting a good service with lots of different tv shows whereas piracy remains very high . extreme, i think you could see it spiked because if there is a new popular show what people feel like they can't access it without cable, they will more than likely find in the legal way to watch it. the lucas access to shaw netflix account? friends. other than my >> i will confess my mother is on my netflix account. thank you for joining us. withg up, we catch up wired chie

the time i will be worried when they come out with the netflix theme park or netflix cell phone . no one knows what the future might hold, mark randolph step down in 2002 says he will have to adapt and follow the customer wherever they go. >>> keep an eye another chilly evening and a very big rainstorm headed our way. . >>> right after the break, the holiday season of giving is here. ktvu's annual one warm coat drive kicked up today. >>> live look outside this friday evening. gearing up for small business saturday and of course cyber monday. so that early retirement we planned. it's going ok? great. now i'm spending more time with the kids. i'm introducing them to crab. crab!? they love it. so, you mentioned that that money we set aside. yeah. the kids and i want to build our own crab shack. ♪ ♪ ahhh, you're finally building that outdoor kitchen. yup - with room for the whole gang. ♪ ♪ see how investing with a j.p. morgan advisor can help you. visit your local chase branch. . >>> today we are launching our annual drive to collect codes for those in need. >> this is the 17t

netflix wants to do the minimum to get that. lauren: they want the branding, the oscar win for their content as new streaming services with great content too come online. >> exactly. netflix is getting squeezed tighter than ever before. this last year has been a huge splintering in terms of how many streaming services are available to consumers. apple tv plus just premiered. disney plus is about to premier. hbo max is on the horizon. netflix is getting tightly squeezed and there's big money being thrown at this stuff. amazon puts a lot of money behind the releases. they are vying for that branding branding, those oscars and those awards. ashley: what does snobby hollywood think about this. i know steven spielberg has spoken out about this, saying they shouldn't be eligible for oscars. that puts the cat among the pigeon as they say when it comes to the hollywood he elite. >> there are hard liners like steven spielberg that really think you need to have a significant cultural contribution and that cinema means something, to have p

>> is the consumer only watching netflix? >> increasingly so i don't think we'll have disney plus, discount apple hbo max on the way, peacock, all these services that will fragment where content is. no one will be able to go to netflix to find what they want they're looking at a variety of different services for content they want. >> we sort of wind up back exactly where we started and the interesting thing is that the lower end at the pure ad supported models where you see so much more advertising than you would have on traditional broadcast tv, and they have data they're collecting that makes it more powerful we're back where we started, 1950s, 1960s, advertise supported television >> the pendulum of a la carte and back is crazy. >> look at your cable bill i still have a cable bill, looking at both things, cable is looking pretty good. >> god bless you >> i love to have cable. >> good to see you >>> coming up, today's biggest earnings mover is down more than 20%. what's the stock and why is it getting an update today? over

max expected in 2020 but will these new options be enough to make you quit on netflix and hulu arcade rate but will these new options be enough to make you quit on netflix and hulu arcade rachel leavens joins me now to break down the latest so rachel right now what you need to levin's joins me now to break down the latest so rachel right now what can you tell me about these new streaming services that are coming online well it looks like netflix and hulu aren't they tell me about these new streaming services that are coming online well it looks like netflix and hulu aren't the only main players in the game anymore now we're seeing a lot of new options and that starts on friday with apple t.v. plus now the service is starting for just 5 the only main players in the game anymore now we're seeing a lot of new options and that starts on friday with apple t.v. plus now the service is starting for just 5 dollars dollars a mother's a month but by that this is same time i meant also although i'm also has only 4 were series right now that are streaming making critics wonder if it will be a big

netflix. amazon is not to be left behind. apple, we don't know what the product is going to be because they have only nine series out so i like it term of f interb national, yes i notice there are so many more foreign language offering movies and shows on netflix so they came to that so look, i think i don't own the stock. i've owned it in the past. maybe again. i'd love to see another real messy quarter is when i jump in. >> there's a downgrade last week of netflix, a rare sell rating and one of the lines of the analyst report was if content is king, then cash is queen and that is something that netflix earns a lot of and maybe that's why netflix won't win this arms race when it comes to content. >> it had no problem financing >> agreed. >> now u it's not an issue >> right >> i mean the interesting thing is if netflix were comeing publc today in the wake of uber and weworks. >> money losing insurers it may not survive >> and a lot less. >> for that sell call to be correct, there would have to be a significant loss of subs fo