Netflix Co-CEO Ted Sarandos was worried that his $100 million gamble on the political thriller House of Cards could end his career. Ted Sarandos recalled a conversation he had with his wife, film producer Nicole Avant, who asked if he could lose his job over his decision to approve the series. He told her, “Well, it’s fireable." Although House of Cards went on to become a huge hit as.
Netflix Co-CEO Ted Sarandos initially worried that approving House of Cards could jeopardize his career. The series succeeded, boosting Netflix's market value to over $300 billion. Sarandos highlights growth potential beyond 277.7 million subscribers and discusses AI's role as a creator's tool. (Reuters)
{{^htLoading}} {{/htLoading}}
Netflix now has a market value of over $300 billion and expects to spend $17 billion this year on programming. Ted Sarandos said the company still has room to grow beyond its 277.7 million global subscribers as he said, “You could double that and still not be halfway to what the pay television universe was."
Ted Sarandos joined Netflix in 2000, three years after its founding. The company launched its streaming service in 2007. Ted Sarandos said, “One of the motivators to make our own content was I was pretty sure that if we were right, that all of these people who were supplying us their old shows would never sell to us.”
On Netflix using algorithms to recommend new programs to customers globally, he said, “I don’t think a human would have decided to do that." On artificial intelligence replacing actors and writers, he said, “I really mostly think of AI as a creator’s tool, not a creative tool. We’re not using it to tell stories instead of them.”
{{/usCountry}}
{{#usCountry}}
On Netflix using algorithms to recommend new programs to customers globally, he said, “I don’t think a human would have decided to do that." On artificial intelligence replacing actors and writers, he said, “I really mostly think of AI as a creator’s tool, not a creative tool. We’re not using it to tell stories instead of them.”
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
Home/Business/Netflix CEO Ted Sarandos was worried ‘House of Cards’ would get him fired. Here's why
{{^htLoading}}
Advertisement
{{/htLoading}}
SHARE THIS ARTICLE ON
{{#usCountry}}{{/usCountry}}
Hindustantimes wants to start sending you push notifications. Click allow to subscribe
