So much of the downstream revenue is linked to that initial excitement, to how much revenue is produced in the domestic box office. For example, what we pay for a film three years later is highly correlated to how well it did in the box office.

" Netflix launched a service in 2007 to stream movies and television to a users' computers. "I found myself questioning how we packed our backpacks and how we made our beds" said Hastings. "I founded Netflix" he told an interviewer; "I've built it steadily over 12 years.

Wilmot Reed Hastings Jr. He is the CEO of Netflix and on the boards of Facebook and numerous non-profit organizations. (born October 8 1960) is an entrepreneur and education philanthropist.