Hastings Says Netflix (NFLX) Won't Get Into Sports, Gaming; Will Focus on Movies, TV
Shares of Netflix (Nasdaq: NFLX) have been volatile over the last 15 or 20 minutes of trade as comments from CEO Reed Hastings in Toronto are hitting wires. The stock last traded at $127.01, up about 2.3 percent from Thursday's close.
Hastings said Netflix will not be getting into sports content or gaming, and instead focus "exclusively" on movies and TV shows. While the exec said Netflix's release in the UK and Ireland is "going great," he said the company's global expansion has a "long way to go."
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Hastings said Netflix will not be getting into sports content or gaming, and instead focus "exclusively" on movies and TV shows. While the exec said Netflix's release in the UK and Ireland is "going great," he said the company's global expansion has a "long way to go."
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