All articles tagged with #ted sarandos
Netflix is navigating a complex relationship with AI, aiming to leverage its benefits for content creation and advertising while maintaining good relations with Hollywood filmmakers like Guillermo del Toro, who oppose AI's impact on artistry. The company seeks to balance AI's potential with artistic integrity and investor expectations, amid broader industry tensions and technological advancements.
Netflix's co-CEO Ted Sarandos indicated that Netflix has little interest in bidding for Warner Bros. Discovery, emphasizing a focus on organic growth and strategic investments rather than large acquisitions, amidst industry consolidation rumors.
Netflix CEOs Ted Sarandos and Greg Peters expressed skepticism about the effectiveness of media mergers like Warner Bros. Discovery's potential sale, emphasizing the importance of developing capabilities through internal efforts rather than acquisitions, and highlighting the complex, multi-faceted nature of their competitive landscape.
The Sun Valley Moguls Retreat this year gathered major media, tech, and finance industry leaders, including Ted Sarandos, Bob Iger, and Sam Altman, amidst ongoing industry disruptions from AI and technological innovations, with discussions likely focusing on mergers, streaming strategies, and industry shifts.
Netflix Co-CEO Ted Sarandos described the Jake Paul vs. Mike Tyson fight as "off the charts," despite technical glitches during the live stream to 108 million viewers. Sarandos highlighted the challenge of managing such a large audience, which pushed internet service providers to their limits. The event set records for Netflix, which plans to host more large-scale live events, including NFL games and WWE shows. Sarandos noted the potential for advertising revenue and emphasized Netflix's ability to attract a global, younger audience.
Netflix CEO Ted Sarandos expressed regret over his 2012 comment comparing Netflix to HBO, clarifying that Netflix aims to be a broad entertainment platform rather than just elite programming. He also stated that Netflix is not interested in the breaking news business, as there are already many outlets for it, and discussed the platform's success with diverse content and live TV events.
Netflix co-CEO Ted Sarandos confirmed that the streaming giant will not venture into breaking news, citing a lack of audience demand. He credited the platform's algorithm for the global success of the British series "Baby Reindeer" and emphasized that international shows can succeed in the U.S. without being tailored for American audiences. Sarandos also highlighted the diverse content on Netflix, from rom-coms like "Irish Wish" to international hits, and expressed concerns about maintaining effective internal execution as the company grows.
Christopher Nolan and his wife Emma Thomas will receive knighthood and damehood respectively for their services to film, while Netflix's co-CEO Ted Sarandos will be honored as a Commander of the Order of the British Empire for his contributions to the creative industries. The honors were personally approved by Britain’s King Charles III, and traditionally, they are awarded in person by a senior member of the Royal Family during an investiture ceremony.
Netflix co-CEO Ted Sarandos stated that the streaming giant's movie strategy will remain unchanged following the departure of film chairman Scott Stuber. Sarandos emphasized the success of Netflix's original films, which have garnered significant viewership and critical acclaim. Stuber, who significantly expanded Netflix's original film output, is expected to depart in mid-March, with a successor to be appointed by chief content officer Bela Bajaria. Upcoming Netflix films for 2024 include projects from renowned directors and stars such as Zack Snyder, Steven Spielberg, Eddie Murphy, and Kerry Washington.
Netflix's Chief Content Officer Ted Sarandos stated that the departure of Film Boss Scott Stuber will not change the streaming giant's strategy for making original feature films, emphasizing the success and impact of their original movies. Sarandos highlighted the popularity and cultural significance of Netflix's original films, citing examples such as "Leave the World Behind" and "Society of the Snow," and emphasized the company's commitment to their current film strategy, which includes a blend of first window, second window, and deep catalog content.
Netflix's co-CEO Ted Sarandos stated that the streaming giant's recent deal to acquire the rights to WWE's Monday Night Raw does not signal a shift in its stance on live sports. Sarandos emphasized that while Netflix is in the sports business, it is not pursuing major rights commitments to traditional sports leagues. The deal, valued at $5 billion over 10 years, will bring Raw to Netflix in 2025 and includes streaming rights in several territories. Sarandos highlighted the scripted nature of WWE's programming as fitting into Netflix's focus on the drama of sports, and noted the potential for global distribution and ad revenue. Despite this move, Netflix maintains that it does not represent a change in its broader sports strategy.
Netflix co-CEO Ted Sarandos clarified that the company's deal to license WWE's Raw for the next ten years does not signal a change in their sports strategy, emphasizing that WWE is sports entertainment, not traditional sports. Despite holding preliminary discussions with the NBA for possible streaming packages, Sarandos's comments suggest that Netflix won't be a near-term player in traditional live sports rights negotiations. The deal with WWE includes an out clause after five years and an option for Netflix to extend for an additional 10 years, reflecting a clear shift for Netflix into sports adjacent programming.
Netflix Co-CEO Ted Sarandos celebrates the acquisition of exclusive rights to WWE programming, emphasizing its alignment with the company's sports strategy and potential for international growth. The 10-year, $5 billion deal includes non-U.S. rights and will add to Netflix's event programming, with plans for expansion into new territories. Sarandos sees WWE as complementary to the company's ad-supported tier and indicates that the move does not signal a shift in Netflix's approach to conventional sports rights.
Netflix co-CEO Ted Sarandos explained the reasons behind the company's previous reluctance to disclose ratings and audience numbers, stating that it was to avoid giving breadcrumbs to competitors and to maintain positive relationships with talent. However, over time, the lack of data created an atmosphere of mistrust, leading to the recent release of the "What We Watched" engagement report. Sarandos emphasized that engagement is the key factor in decision-making at Netflix and that it reflects the joy and satisfaction of viewers. The release of this data is aimed at establishing trust with creative partners and helping them understand the business better. However, the report is selective and does not provide country-level data, as Netflix aims to protect its competitive advantage.
Netflix plans to award its co-chief operating officers, Ted Sarandos and Greg Peters, identical compensation packages for 2024 worth $40 million each. The packages include a $3 million base salary, a target bonus of $6 million, a time-based restricted stock unit (RSU) award valued at $15.5 million, and a performance-based restricted stock unit (PSU) award valued at $15 million. The change reflects Netflix's decision to no longer allow executives to choose between cash or stock compensation. The company's CEO, Reed Hastings, will receive a package worth $1 million, while other executive officers will receive varying compensation amounts.