Everything Ted Sarandos said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Sarandos: Idiot-proofing a business results in a company full of idiots
“You can you can idiot-proof your business, but then you're gonna end up with a business full of idiots.”
Sarandos: Companies should operate like sports teams, not families
“This is not a family. This is a sports team, a high-performing sports team. He goes, you know, you wouldn't throw your brother out. He said, but there's no shame of getting cut from a great team. You could, a lot of great athletes get cut from a great team”
Sarandos: Authentically local storytelling is the most globally valuable
“So this idea of, you know, authentically local storytelling being the most globally valuable is unintuitive, but totally true.”
Sarandos: Micro-dramas are fun, but not yet a proven business
“The micro dramas and these things. I don't know that that's a, it's fun. I don't know that that's a business yet. I've looked at it quite a bit.”
Sarandos: Netflix produces movies for subscription streaming, not theatrical release
“We're not doing that. Some of our movies go to the theaters just as a tactical part of the release, but our business is the subscription entertainment business. So the movies that we produce them for our subscription business.”
Sarandos: AI Will Not Displace Human Actors and Writers
“I'm not afraid of AI, and I hope creators aren't afraid of AI, because I actually think it's going to make great tools to tell stories even better, and make it possible to make movies they couldn't before. And I, it not meant, won't likely displace the things …”
Netflix's Second-Biggest Expense Is Tech, While Rivals Spend on Marketing
“I would bet every, all the other entertainment companies, their second biggest, biggest expense is marketing and ours is tech. Second and only to content.”
Sarandos: High-end creator content will monetize better on Netflix than YouTube
“I actually believe that it, the, that content will better monetize on Netflix than it does on YouTube. Not all of it, but certain for certain class, you know, creators, it certainly would. So we'll look to do that.”
Sarandos: Live sports broadcasting is a structurally low-margin distribution business
“For me, I believe that big sports, cricket in, in India, the NFL in the United States is, those leagues are so powerful. The consumer demand for them is so high, they should get all the money. So whoever's delivering it, it's just a distribution business. Shou…”
Sarandos: Ads will top out at 20% of Netflix's business
“In fact, I think that our business will be primarily a subscription for the foreseeable future. We'll grow the ad business to be a good part of our business for sure. But I think that even, even when it's very healthy, it'll still be 20% of the business.”
Sarandos: Netflix Does Not Use Algorithms to Greenlight Content
“Definitely not on the, on green lighting. No. The idea really, mostly it is the quality of the storytelling. Is this a world that people are going to want to spend time in? Are these people, people care about? Do I care how these people, what happens to these …”
Sarandos: Co-CEO structure works at Netflix by splitting tech and entertainment cultures
“I think where it really works well here is we do two very distinctly different things. We manage two different, distinctly different cultures inside the business with tech culture and entertainment culture. We're even physically in two different places in Cali…”
Sarandos: Video podcasts are very likely to end up on Netflix
“The more podcasts become Forward video forward. And people are watching on TV, which they are more doing more and more frequently. It's very likely that a lot of those will, could end up on Netflix, not all of them, but I do think but there's a place on Netfli…”
Sarandos: Social video growth is not cannibalizing Netflix viewership
“Our, we're not dropping and they're growing. It could be that they're just accelerating the decline of linear television”
Sarandos: Authentically local foreign shows travel globally better than English-language ones
“What we're trying to do is tell these stories that are authentically local, and the win for us is that they actually travel more the more authentic they are. Because there's something inorganic about the English language European television show that forces it…”
Sarandos predicts sports leagues like the NFL will go direct-to-consumer
“I think the winner will be NFL.com. That they'll just go direct to consumer, and there's plenty of people who pay an outrageous amount of money for a subscription for NFL, or NBA, or MLB, and ultimately the winners will be the league anyway, so.”
Sarandos asserts major TV networks lose money on sports broadcasting deals
“No, and I think not only that, I think that, that loss leader model that made them great is the thing that's making, that really cripples them now.”
Sarandos: Iron Fist is Netflix's worst-reviewed show
“Iron Fist is literally the worst reviewed show on Netflix.”
Sarandos: Cumulative buzz for top Netflix shows exceeds Game of Thrones
“The cumulative buzz of Orange is the New Black, the cumulative buzz of 13 Reasons Why, the cumulative buzz of Stranger Things is actually much bigger than Game of Thrones.”
Sarandos: Authentic local TV shows travel globally better than English-dubbed copies
“What we're trying to do is tell these stories that are authentically local, and the win for us is that they actually travel more the more authentic they are. Because there's something inorganic about the English language European television show that forces it…”
Sarandos: Netflix ordered two seasons of House of Cards with zero notes
“House of Cards was our first original show on Netflix. And The deal we made with David Fincher was, I'm gonna give you two seasons of the show, no pilot, and no notes.”
Sarandos: World was better with a single news source like Cronkite
“With Reed, when I would say, say that when Walter Cronkite was the news, and everybody tuned into the news to hear that from Walter Cronkite that the world was a better place when there was one source of truth, even if it was wrong, 25% of the time.”
Sarandos: Americans watch two movies yearly in theaters vs seven monthly on Netflix
“Average American consumer watches two movies a year in the theatre, watches seven movies a month on Netflix.”
Sarandos: AI Generates Predictable Outcomes, Antithetical to Human Imagination
“In fact, what AI is doing today is like the antithesis of imagination. It's taking, it's giving you the most predictable outcome based on these kind of rough ideas you're giving it.”