DO NOT USE ANY AI Objective: Assess Netflix's strategic evolution and current market position based on a video about co-founder and CEO Reed Hastings. This will involve identifying key strategic decisions, understanding the company's competitive edge, and contemplating its future direction. Instructions: 1. Video Analysis: Watch this video (https://vimeo.com/27677257) on Reed Hastings and Netflix. Take notes, particularly on strategic milestones and business model shifts. 2. Strategic Overview: Summarize the key opportunity Reed Hastings identified and the risks involved in exploiting it. Discuss how Netflix's business model initially differed from competitors and how it has evolved to maintain its competitive position. 3. Evaluation of Success and Future Prospects: Analyze the factors contributing to Netflix's success. Suggest strategies or actions Netflix could take to sustain its market position in the face of industry changes and emerging competition. Response Format: Prepare concise written response covering the points above, with a focus on critical analysis.