Netflix Inc, the world's dominant streaming service, will not make its TV shows and movies available through Apple Inc's upcoming video offering, Netflix Chief Executive Reed Hastings said on Monday.
"We prefer to let our customers watch our content on our service," Hastings told reporters at the company's offices in Hollywood. "We have chosen not to integrate with their service."
Apple is expected to unveil a television and video service at an event on March 25, a move that will amp up competition for Netflix and others that deliver entertainment programming online.
Sources familiar with the matter have told Reuters that the service may resell subscriptions from CBS Corp, Viacom Inc and Lions Gate Entertainment Corp's Starz among others, as well as Apple's own original content.
Walt Disney Co and AT&T Inc's WarnerMedia also plan to offer subscription streaming services.
Asked about the looming competition, Hastings said the biggest challenge for Netflix is to "not get too distracted" by rivals but still "learn lessons" from them.
"These are amazing, large, well-funded companies with very significant efforts," Hastings said. "They are going to do some great shows. I'm going to be envious. They're going to come up with some great ideas. We're going to want to borrow those."
But, he added, "we will make this a better industry if we have great competitors."
Hastings also said he expected Netflix, like other U.S. technology companies, to be blocked in China "for a long time."
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)