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Netflix Boss Reed Hastings Says Live Evening Newscasts ‘Are Dying’ (Video)

Don’t expect to see sports on the streaming platform anytime soon, either

No news is coming to Netflix, and that’s good news as far as company co-founder Reed Hastings is concerned.

When asked at Tuesday’s DealBook conference if live newscasts will ever come to his streaming platform, Hastings replied: “You don’t want to invest in things that are dying.”

That drew laughs and some good-natured groans from the crowd. Hastings added: “The 6 p.m. newscast: that thing’s going away.”

Hastings also said that he can’t foresee his company offering live sporting events in the future. He did tout the $5 billion his company is set to invest next year in original programming.

A bit earlier in the longform interview, Hastings doubled-down on remarks colleague Ted Sarandos made weeks ago that contrasted the idea of too-much TV — a concept that FX boss John Landgraf expressed at this summer’s Television Critics Association press tour.

“He’s wrong, there’s not nearly enough,” Hastings said today.

“There’s a lot more food than ever before,” he continued. “We have a lot of choice, but if you do great content, you’re going to find viewers.”

Watch the video above.

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