The Week: Seven days under the spotlight

Newsmaker: Reed Hastings, chief executive, Netflix

27th July, 2014
Reed Hastings, chief executive, Netflix.

Newsmaker: Reed Hastings, chief executive, Netflix

Netflix was founded 17 years ago, in 1997. In its infancy, Reed Hastings' company was a website from which you could order DVDs to rent. They arrived in red envelopes in the post, one at a time, for a subscription fee. By 2000, however, Netflix had just 300,000 subscribers and relied on postmen. It was losing money. Then Hastings digitised.

Fast forward to 2014, and the streaming service says it has 48 million...

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