Netflix’s CEO Sees ‘Arms Race’ to Dominate Video Streaming
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Netflix Inc. Chief Executive Officer Reed Hastings said he sees an “arms race” to dominate Web-based TV viewing, with Time Warner Inc.’s HBO Go service his top competitor.
“The competitor we fear most is HBO Go,” Hastings said today at a UBS media conference in New York. “HBO is becoming more Netflix-like and we’re becoming more HBO-like. The two of us will compete for a very long time.”