LOS GATOS, Calif., April 16 /PRNewswire-FirstCall/ -- Netflix, Inc.
(Nasdaq: NFLX), the world's largest online DVD rental service, today
announced the appointment of Anthony Wood to the newly created position of
vice president of Internet TV, responsible for all aspects of product
development related to the company's strategic intent to deliver movies
directly to subscribers' televisions via the Internet.
"I believe that Netflix is the company best positioned to lead
Internet-delivered video," said Mr. Wood. "The company has taken the first
step -- and an innovative one -- in offering online video to its members,
and I'm here to work with a range of partners to get that video to the
television, where consumers watch most of their movies."
Mr. Wood has founded four successful companies, including ReplayTV and
most recently Roku. He assumes his new position immediately and will report
to the company's chief product officer, Neil Hunt.
"Internet-delivered video is an area of clearly rich potential and we
intend to be a leader in it," said Dr. Hunt. "The understanding, the
expertise and the vision that Anthony possesses in this field are unmatched
and we are extremely pleased to have him lead our Internet TV effort."
In January, Netflix marked an important enhancement to its service with
the introduction of a feature that allows subscribers to immediately watch
movies and television series on Internet-connected PCs through real-time
playback technology. As part of the introduction, the company said that
over time it would focus on expanding its selection of instantly viewable
content and work to bring the feature to all Internet-connected screens,
from cell phones to PCs to plasma TVs. The appointment of Mr. Wood to lead
the television effort underscores the company's commitment to that eventual
Until his appointment by Netflix, Mr. Wood, 41, was CEO of Roku, a
digital media company that manufactures and markets SoundBridge, the
market-leading Internet radio, and BrightSign, a leading digital sign
controller. He will remain chairman of the board of the Palo Alto,
Mr. Wood is best known as the creator of the digital video recorder
(DVR) and as the founder of ReplayTV, where he served as president and CEO
before the company's acquisition by SONICblue in 2001. After the
acquisition, he became senior vice president of engineering and was
responsible for the ReplayTV and Rio product lines.
Earlier, Mr. Wood founded and led iband Inc., an Internet software
company acquired by Macromedia and SunRize Industries, a supplier of
hardware and software tools for audio recording and editing. He holds a
bachelor's degree in electrical engineering from Texas A&M University.
Netflix, Inc. (Nasdaq: NFLX) is the world's largest online movie rental
service, providing more than six million subscribers access to over 75,000
DVD titles. The company offers a variety of subscription plans, starting at
$4.99 a month. There are no due dates, no late fees and no shipping fees.
DVDs are delivered for free by the USPS from regional shipping centers
located throughout the United States. Netflix can reach more than 90
percent of its subscribers with generally one business-day delivery.
Netflix offers personalized movie recommendations to its members and has
more than one billion movie ratings. Netflix also allows members to share
and recommend movies to one another through its Friends(R) feature. For
more information, visit http://www.netflix.com.
SOURCE Netflix, Inc.