What CEOs Are Saying: Netflix's Q4 Earnings Call
Ted Sarandos got his start at a video store in Phoenix. He later joined Netflix in 2000 when Netflix cofounder Reed Hastings hired him to build the DVD/content library. Now Sarandos is co-CEO (with Greg Peters) of a company with 300+ million paid memberships, and that recently announced its acquisition of Warner Bros. Studios and HBO.
Sarandos’s approach to the industry has been fascinating to watch. For years, he let people know that Netflix wouldn’t do ads or chase theatrical releases. Now Netflix is doing both. As you’ll see in his quotes below from the January 20th earnings call, he’s wisely updating these views to match on-the-ground reality, noting that he runs a business, not a religion.
Here are five takeaways from Sarandos and Peters in that call.
