Netflix Inc. Chairman and Chief Executive Officer Reed Hastings

Netflix Inc. Chairman and Chief Executive Officer Reed Hastings

Norm Betts/Bloomberg

Netflix Inc. Chairman and Chief Executive Officer Reed Hastings, who signed Walt Disney Co. to an exclusive U.S. streaming deal for films starting in 2016, is defying skeptics who questioned the company’s ability to build an online TV network that competes with Time Warner Inc.’s HBO and other pay services.