New streaming services from Disney, Apple and others are 'great for consumers,' says Marc Randolph, Netflix's first CEO.
These newcomers will join a landscape populated by heavyweights such as Hulu, Netflix andThe developments have led some to wonder if the market can support all the different services, for which consumers have different monthly subscriptions.
"I hope there's a lot of room" for all the services to exist, said Randolph, whose book "That Will Never Work: The Birth of Netflix and the Amazing Life of an Idea" wasAsked about Netflix's strategy to maintain its influence in the streaming space, Randolph said he wasn't suited to discuss the company's tactics. But Randolph, who still owns shares of Netflix, said he was confident the company would be able to thrive amid the competition.
"I don't know what Netflix has up its sleeve, but I know culturally it is extremely well situated to do a great job in these coming years," he said. The company still maintains a start-up mentality, he said, that "enables a company to not only move fast, but to always be willing to leave behind the past to embrace the future."
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