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Product Description
Air Date: 12/03/06 The big idea started as a little annoyance: a $40 late fee on a rental video. It was the moment that Reed Hastings says was his inspiration to create Netflix, the world's largest DVD movie rental business. Netflix -- which charges no late fees -- ships out more than 1.5 million DVDs a day, and brought in $688 million in revenue last year. Can Netflix stay out front as customers start downloading movies from the Internet? Lesley Stahl reports.
Air Date: 12/03/06 The big idea started as a little annoyance: a $40 late fee on a rental video. It was the moment that Reed Hastings says was his inspiration to create Netflix, the world's largest DVD movie rental business. Netflix -- which charges no late fees -- ships out more than 1.5 million DVDs a day, and brought in $688 million in revenue last year. Can Netflix stay out front as customers start downloading movies from the Internet? Lesley Stahl reports.
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