Today at the Web 2.0 Summit in San Francisco, Netflix CEO Reed Hastings and Peter Chernin sat down with New York Magazine's John Heilemann to talk about the state of the video content business. A question from the audience asked Hastings about the news today that Hulu was cutting their prices. Hastings noted that Hulu was still mainly an advertising play. And he said that Netflix has actually long been an advertiser on Hulu. "Hulu Plus may grow into a competitor over time, but that's probably healthy for us," he said. Notice he's saying that he doesn't consider them an actual competitor just yet.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/BnblUIqveS0/
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