Hans Vestberg Quotes

The future of the television industry is changing at an unstoppable rate, and it is exciting to share my experience and thoughts on how this will change the value of content in the digital space.

The OnCue platform and team will help Verizon bring next-generation video services to audiences who increasingly expect to view content when, where, and how they want it. Verizon already has extensive video content relationships, fixed and wireless delivery networks, and customer relationships in both the home and on mobile.

I founded Netflix. I've built it steadily over 12 years now, first with DVD becoming profitable in 2002, a head-to-head ferocious battle with Blockbuster and evolving the company toward streaming.

85% of all video we watch is pre-recorded, so you can set your system to download it all the time. You're still going to need live television for certain things - like news, sporting events and emergencies - but increasingly it is going to be almost like the iPod, where you download content to look at later.

Working with lots of old media clients, I've had a front-row seat on the ascension of new social players and the decline of traditional news outlets. And it's clear to me that old media has an awful lot to learn from social media, in particular in five key areas: relevance, distribution, velocity, monetization, and user experience.

The movie industry is committed to working with the technology sector to find innovative new ways to deliver entertainment to consumers.

Youku Tudou has helped transform how media and entertainment-related content is distributed and marketed since our inception.

The television business is actually going through a tremendous transition, but I think at the end of the day, television is still paramount.

Newspapers are busily experimenting with different models. Traditionally, and I suspect in hindsight very mistakenly, online news was free. And once given free access readers felt it was their entitlement.

The digital apocalypse continues to blight the lives of television producers, music-industry executives and newspaper publishers, all of whom are scrambling to figure out how to reconfigure their business models in such a way as to allow them to make an honest buck.

We had seen the way the print industry had been disrupted; we'd seen how the audio industry got disrupted, so it just seemed like a natural progression that video was next. We thought we were late to the game in 2003.

I don't even think in the future, pay-per-view is going to exist. You see Netflix and Amazon and what they're doing, and that's a model I think is going to grow and grow.

You realize that if you're in the media business, technology is fundamentally what's driving the change in that business.

I feel like - like Netflix is great if you've got a project ready to launch itself into the world rapidly.

Streaming services are very important.

I always admired Netflix's business model; they are really good at what they do.

The right way to think about the blockchain is that it's going to replace the entire Internet.

People say that making money in the content-media game is hard, and that is just, like, not my experience. It's super-confusing, 'cause everyone's like, 'Oh, how are you going to monetize?' It's easy: just start talking, and then money rolls in.

We were an entertainment brand, and if we were going to compete in an era of incredible growth in the cable industry, I felt we actually needed to be entertaining.

We don't have a lot of technology people in Congress, so one of the basic things is to help people be educated on how technology works: what's there, where is it headed, what some of the challenges and opportunities are.

The Internet won't skip a beat, and neither will I. Technology is constantly changing and evolving.

In Vice, I saw all of it in one. I saw a studio. I saw a content creator. I saw an agency. I saw a distributor. We want to learn from them. They're talking to a generation we're struggling to connect to as an industry.

Streaming is something that's going to require tons of billions of dollars of investment, building server farms close to users and 5G and everything else.

Panna is focused on the intersection of premium video content and digital product to deliver great experiences. Given those are areas of focus for FYI, we are extremely excited to partner with Panna.

Just as our kids don't understand the difference between broadcast and cable, the line between TV and Internet TV is about to disappear.