Showing posts with label Ted Sarandos interview. Show all posts
Showing posts with label Ted Sarandos interview. Show all posts
There could be no Netflix globally without India-Ted Sarandos
2:33 PM
Posted by Fenil Seta
Javed Farooqui and Vinod Mahanta (THE ECONOMIC TIMES; August 5, 2026)
India is central to the next phase of growth for Netflix, global co-CEO Ted Sarandos said, in the backdrop of moderating subscriber additions in mature Western markets.
While Netflix has an estimated 20-25 million paid users in India, against a global base of more than 325 million, he sees the country offering enormous headroom for expansion and being crucial for the firm to succeed globally.
Sarandos told Javed Farooqui and Vinod Mahanta in an interview that India’s deep appetite for entertainment, thriving creative ecosystem, rising smartphone and connected TV penetration, and affordable internet make it one of the most strategic markets for the platform. Edited excerpts:
India’s average revenue per user remains far below developed markets despite a large aggregate size. As Netflix completes a decade in India, how has the market challenged your initial assumptions?
When we launched Sacred Games, we introduced a new model of premium, cinematic television to India. It was ambitious, lavish and unlike anything on Indian TV then. Looking back, I think we should have invested in both high-end scripted shows and reality formats simultaneously.
The success of Lock Upp shows audiences also love dramatic, cliffhanger-driven unscripted entertainment. Netflix serves more than a billion viewers with very different tastes, and our job is to offer the best version of whatever they come for, scripted or unscripted.
We also learnt that every market has different needs, with some genres underserved and others already well served.
India has been a steep learning curve for American companies. The usual product and business model playbook rarely works, and average revenue per user is low. How did Netflix crack it?
India has always been a fascinating entertainment market. Audiences are value-conscious, not just price-conscious—they’ll pay for the best if they consistently get it.
Many American companies try one big idea and move on. We took a different approach, investing continuously across genres and delivering fresh programming at scale.
With over a billion global viewers, we learnt you need enough choice to delight people every time they pick up the remote. Netflix isn’t a visitor in India’s entertainment ecosystem; we’ve become a leader in one of the world’s most complex markets.
India is among the largest entertainment markets globally. Where does it fit into your overall global strategy?
There is a big appetite for entertainment in India and a large consumer base. I think those people have generally been underserved since there aren’t enough screens for as many people who want to watch a movie.
We are trying to solve it through different screens like TV and mobile. That’s why I think the market is so attractive and the principles of entertainment are exactly the same.
But let’s use the new technology to help solve a problem in India, which is being able to quench an appetite for more content and more entertainment.
Cricket has shifted from television to mobile, and IPL viewership keeps growing. Would Netflix consider bidding for IPL or other major sports rights in India?
Live sports are an important opportunity, but our strategy isn’t to chase full-season league rights. We’ve been building our live technology globally and will expand it market by market. Our focus is on unique Netflix events rather than becoming another broadcaster.
In the US, we’ve chosen marquee occasions like NFL games on Christmas and MLB’s Home Run Derby instead of entire seasons. The idea is to bring a younger, more engaged audience and a different creative approach that adds value to leagues, rather than simply driving up rights prices.
That’s the model we’re more likely to replicate elsewhere, including India. It would be very unlikely for us to get the whole season of cricket. An eventisable event, a tournament—those are the kinds of things.
When you look at India from Los Gatos, what defines success—subscribers, profitability, cultural impact or the global reach of Indian stories?
It’s all of those. We’re a business, so revenue and profit matter because they fund continued investment. But cultural impact matters, too, and you can feel it when a local show like Lock Upp dominates social media and becomes part of the national conversation.
Success isn’t about a single hit. It’s about consistently entertaining audiences while building a sustainable business. Our ability to keep investing in India ultimately depends on our ability to keep entertaining India, creating a virtuous cycle of growth and reinvestment.
Will you revisit your pricing strategy in India, given how value-conscious the market is?
India has been an important testing ground for Netflix, including our first mobile-only plan, which has since influenced markets globally. But our approach here is no different from anywhere else: the key is delivering value, not just lowering prices. Every time someone presses play, they decide whether Netflix is worth paying for.
India keeps us honest because audiences have high expectations and demand compelling content that justifies the subscription.
Netflix has stayed true to its core strategy in India while adapting its product and pricing. Has that balance kept you competitive in the market?
Reed Hastings (Netflix co-founder) instilled an extraordinary level of focus from the beginning. For years, Netflix was a one-product, one-price company, and that discipline built a very strong foundation. As we’ve grown, we’ve been able to add multiple price points, products, partnerships and content formats without losing that focus.
We started with one premium scripted series, House Of Cards. Today, we make scripted shows, unscripted entertainment and stories across every imaginable language.
India reflects that evolution because there isn’t one India—it’s like a world in itself, with different languages, cultures and lifestyles.
You are trying to appeal to the world when you are appealing to India. There could be no Netflix globally without India. You can’t be successful without it.
Streaming in India has moved from growth at any cost to capital discipline. How has Netflix’s investment philosophy evolved?
We never looked at India as a market we could simply buy. That strategy has eaten companies around the world. The most exciting projects attract multiple buyers and bidders, which is good for the creative community. We’re certainly not in a phase of doing this cheaper or skimming the market. India still demands the level of investment it takes to win.
But we haven’t just thrown money at it. What you see on screen is spectacular, and that’s the approach we’ve taken since we first came to India.
How do you plan to grow Netflix’s paid subscriber base in India while maintaining its premium positioning?
I think there’s enormous headroom for both.
We want Netflix to be desirable, but not unattainable. Ultimately, consumers decide whether we’re delivering value.
It’s very easy to cancel Netflix—it’s just one click—so we have to earn consumers’ trust and admiration every day. That’s what keeps us focused on delivering great entertainment.
Is Netflix’s India business profitable?
We report a global P&L rather than market-wise numbers, but we’re very happy with the economics of our India business. We’ve never been in the loss leader business. That’s why we stayed away from expensive rights like NFL football and still built a large business.
But are you happy with Netflix India’s current business?
Very. I’m impatient by nature, but I’m thrilled with our progress over the past decade. We’ve built a strong slate across films, series and now unscripted programming. Shows like The Great Indian Kapil Show and Lock Upp have been particularly impactful, proving we can succeed in formats many thought we couldn’t.
Our goal is to be the first place you check and the last service you cancel. That means constantly finding new creators, investing in skills, and strengthening India’s creative ecosystem while generating significant economic impact.
When will Netflix launch its ad-supported plan in India?
I’m sure it’s coming down the road, but we’re not there yet.
What impact will AI have on the media and entertainment industry?
AI will be a step change for entertainment, much like the shift from 2D hand-drawn animation to computer-generated animation, which ultimately created a bigger industry and more jobs.
At Netflix, hundreds of projects already use AI for tasks such as pre-visualization, helping filmmakers plan complex shots, improve safety and reduce risks on set.
AI is also transforming post-production and visual effects, making high-quality effects affordable for films that otherwise couldn’t have justified the cost.
De-ageing actors, for instance, has become dramatically cheaper and better than it was just a few years ago.
But there have been concerns of likely job losses because of the use of AI in M&E?
Every time there is technological advancement, that has been the worry. And it generally doesn’t prove to be true. In fact, it opens up a world of opportunities that people didn’t imagine before that new technology. I mean, there are still directors who want to shoot on film.
I did not get in this business to hurt the theatres-Ted Sarandos
9:34 AM
Posted by Fenil Seta
The New York Times | BOMBAY TIMES (January 18, 2026)
Ted Sarandos, the co-chief executive of Netflix, sent shock waves through the entertainment world last month when his company announced a $83 billion deal to buy Warner Bros Discovery’s movie and TV business. The deal elicited a strong – and largely negative – reaction within Hollywood. It also upset the plans of Paramount, which had been aggressively pursuing a deal for all of Warner Bros. Paramount is still aiming to buy the company, launching a hostile bid and threatening a board fight.
Netflix wants to “win the box office,” Ted said, adding that Warner Bros films will retain the existing 45-day theatrical window.
In an interview to The New York Times, Ted explained that they had held a lot of assumptions that weren’t necessarily true and shared, “The general economics of the theatrical business were more positive than we had seen and (what) we had modelled for ourselves. I think we’ve got to take ownership of the idea that when people are excited to go out and see something, they go. You’ve seen some really nice upside at the box office this year. They saw it in our Stranger Things finale experience. You give people a reason to leave the house, they will gladly leave the house.”
‘WE WEREN’T IN THE THEATRICAL BUSINESS NOT BECAUSE WE HATED IT, BUT BECAUSE OURS WAS DOING SO WELL’
Discussing the harsh reaction to the deal in Hollywood, Ted Sarandos, Netflix’s co-chief executive said, “A lot of it was folks who questioned, rightfully so, our intent with theatrical because we hadn’t said anything about it. A lot of it was the emotions around that more than anything else. We had a lot of assumptions that weren’t necessarily true. We weren’t in the theatrical business not because we hated it. We weren’t in that business because our business was doing so well. I understand that folks are emotional about it because they love it and they don’t want it to go away. And they think that we’ve been doing things to make it go away. We haven’t.”
‘THEATRICAL BUSINESS IS OUTMODED FOR SOME’
In 2022, Ted stated, “We make our movies for our members, and we really want them to watch them on Netflix.”
The remark, made at a New York summit, drew headlines for its dismissal of the traditional theatrical model as outdated. Addressing if he regrets calling the theatrical model ‘outmoded,’ Ted said, “I said 'outmoded for some'. I mean, like the town that Sinners is supposed to be set in does not have a movie theatre there. For those folks, it’s certainly outmoded. You’re not going to get in the car and go to the next town to go see a movie. But my daughter lives in Manhattan. She could walk to six multiplexes, and she’s in the theatres twice a week. Not outmoded for her at all.”
‘Theatres are not a competition’
Speaking about the belief that streaming has reduced cinema attendance, Ted said, “I would say one of the other myths about all this is that we thought of going to the theatres as competition for Netflix. It absolutely is not. When you go out to see a movie in the theater, if it was a good movie, when you come home, the first thing you want to do is watch another movie. If anything, I think it helps, you know, encourage the love of films. I did not get in this business to hurt the theatrical business. I got into this business to help consumers, to help movie fans.”
Having been in Los Angeles during award season, I can say that RRR and Gangubai were the talk of the town-Ted Sarandos
7:59 AM
Posted by Fenil Seta
THE ECONOMIC TIMES (February 20, 2023)
Netflix's viewing engagement in India grew by 30%, and revenue grew by 25% last year, said Ted Sarandos, Co-CEO, Netflix. In a conversation with Anupama Chopra, Founder & Editor, Film Companion, Sarandos spoke about growth in India, the focus on more local content and taking Indian cinema global. Edited excerpts:
So much has happened at Netflix in the last year. On January 19th, Reed Hastings formally stepped down after two decades, handing over the reins to two CEOs — you and Greg Peters. 2022 was a tough year with a steep loss in subscribers and stock price, but then in Q4 of the same year, the service added 7.5 million subscribers, beating analyst forecasts. It’s been a roller coaster ride. What is your top priority right now?
Four years ago, Reed spoke at this conference, and post-transition, this is also my first international visit to this conference. It's so good to be here today. The first half of last year was pretty rough, as we got off to a slow start recovering from Covid-19, and we had to navigate a whole lot of uncertainties, including shutting down our operation in Russia, where we had a million subscribers. But in the second half of the year, we really kept moving. I think it speaks to the company we've built, filled with incredibly smart and resilient people. We got singularly focused on reigniting growth and started to focus on content and programming around the world. We even built an ad product from scratch in six months that worked worldwide. We started with hits like Stranger Things Season 4 and rolled into big global phenomena like Wednesday, with back-to-back hits from all of our content around the world.
India has always been a priority market for Netflix, but the general perception is that it’s been a bit of a hit-and-miss experience for Netflix here. Earlier, you had said that “there is a trial-and-error period”. Being a matcher of stories to audiences is hard work, and it’s very fluid. Would you say the team is now better at it?
I believe that our original projects are improving every day, and I think it's hit or miss when entering a new market. In my experience, what works in one country may not work in another, and it's essential to be on the ground to understand consumer tastes, culture, industry, and the challenges faced by creators in that country. In India, for example, we noticed a rich cinema culture and a lack of focus on television, which led us to create Sacred Games, our first attempt at combining cinema principles with television. Now, we've produced 100 original projects in India, with 28 of them released just last year, and our upcoming slate of films and series for the next year looks stronger than ever. We've invested heavily in India, not only in production but also in having a local team that understands the local culture, storytellers, and audience. Our team running India is based in India, which gives us a big advantage over companies that try to run India from California and get frustrated early on. Our office in Mumbai has 250 people, and we also have an office in Delhi. All of this allows us to create great content in India.
There are lots of numbers and ranges floating around this industry to suggest success and scale, and the Netflix subscriber number seems smaller if we were to take these unverified standards at face value, but then there are engagement figures from credible third party sources like ComScore and App Annie, where Netflix leads the pack with 74% engagement while everyone else is declining. What is the real measure of success? And how does Netflix India measure up?
For me, as Netflix, an absolute measure of success starts with engagement. We ask ourselves, “Do people care enough to spend their viewing time with us?” Do they choose to spend their screen time with us instead of the other options out there? That's why I believe the engagement metric is so important. In India, I've had the best year of our existence. I’m proud to say that the viewing engagement in India grew by 30%, and our revenue grew by 25% last year. This wouldn't have happened if it wasn't tied to that engagement metric. I understand that a lot of measurement around subscriber numbers makes for nice headlines, but they're not a real business metric for us. We need to see what's behind that subscriber number. Is there engagement, is there revenue, and is there profit? For Netflix, the answer is yes!
One of the big successes of Netflix was taking Indian cinema global. We saw the success for RRR and Gangubai. The storytelling simply excited viewers globally.
In my opinion, what's truly remarkable about RRR and Gangubai Kathiawadi this year is that they represent an inflection point, a change in distribution or storytelling, or an alteration in audience appetite. Having been in Los Angeles during award season, I can say that RRR and Gangubai were the talk of the town. Everyone was discussing them, and there were 180 movies to watch on the voting site, yet these two were among the most watched, with many viewers discovering them on Netflix. That's the power of Netflix, pushing these movies into the cultural conversation and generating buzz. For many people I know, RRR may have been their first Indian movie, and it took them on a wild journey that left them wanting more. Squid Games did that for Korean content around the world, and again, it was all thanks to Netflix. It's not impossible to have a global hit, but it's very rare, and you need a distribution platform like Netflix and a system of curation that can surface things you may not know you're going to like. That's what we do at Netflix, and it's why RRR has been such an enormous success. The director himself acknowledged as much at the Golden Globes, noting that most people in the world found it on Netflix.
Another film that's worth mentioning is The Elephant Whisperers, which is nominated for Best Short Documentary at the Academy Awards this year. It's our second nomination in the short documentary category, with the first being Period, End of Sentence, which won the Oscar a few years ago. Both films are from India, and I'm proud to see them receiving recognition at such a prestigious event.
What's your top priority, now?
Reigniting the growth of our company, we have gotten to think about how there has been a lot of recent discussion about the streaming business. People are openly questioning whether or not this is a good business. Of course, it's a great business because this is what consumers want. The world is moving toward streaming and on-demand, away from linear television, away from pay television, and away from traditional movies.
Let's look at what success means in streaming. I really think there are only three business metrics. Number one is engagement. We clearly lead the way in this area around the world. The second one is revenue, do people pay? And then, because that can be reinvested in more content and more programming, it creates consumer joy. And then the third is profit—is it profitable? And among all of our peers, we are profitable. Our major competitors are not.
Tech guru Scott Galloway said Netflix spends more on content than the defence budget of Sweden and the truth is it's actually more than the defence budget which is at $17 billion a year. So how much of it is allocated to Netflix in India?
The key is that whenever we launched anywhere in the world, the first people who signed up for Netflix were probably western centric in their days, early adopters of technology, had wired broadband at home and a big screen TV and as you get more massy, you need to have more price points. So over the years, we've added multiple price points, we're rolling out an ad tier around the world. And then programming too, becomes a little more than the mainstream, you don't abandon the other program you have, you just add more.
Netflix and chill was created by the Internet, and took on a life of its own-Ted Sarandos
8:57 AM
Posted by Fenil Seta

Netflix global creative head Ted Sarandos is singularly responsible for perhaps the hugest urban, global addiction/affliction of our times
Mayank Shekhar (MID-DAY; October 28, 2018)
To paraphrase the line from the desi picture Don (1978, 2006), if he wasn't dealing in something altogether legit/legal, 190 mulkon ki (countries') police would anxiously wait to nab Ted Sarandos, 54, by now. For, he's singularly responsible for perhaps the hugest urban, global addiction/affliction of our times. I tell him that as we meet, and he laughs. "Subconsciously influenced" by the daily show Mary Hartman, Mary Hartman back in the '70s — the entire weeks' episodes of which he used to watch with his parents on Sunday nights, when they were aired back-to-back on TV — Sarandos essentially came up with a simple but evidently life-altering idea of dropping the full season of a TV show, to be consumed at one go on Netflix, while a countdown almost seduces you to press for the next episode, when the previous one has just finished.
While working on what was then a rental library, Sarandos could also see vast number of customers, who would order in to "watch a few episodes a night [of a TV show], and burn through the [entire] box set!" This didn't surprise him at all. At a practical level however, Sarandos insists, "When we started with House Of Cards, our clear intent was to let the market know that we're not making webisodes, or YouTube videos. We're pushing television to the edges. A crude way of putting that across, would include 60-minute episodes, without commercials — which makes it 15 to 20 minutes longer than an hour on TV. And you don't need recaps of what you saw last week [when the entire season is right there]."
What's the formula to ensure sustained interest levels though? The broad construct is simple: "You have to do something in the first three episodes to get everyone intrigued. Every show has got a slower, or a background episode, or that moment when characters go on vacation, and nothing happens. But the audience is ready for that." What has Netflix effectively done as a result? United people from across the planet in their perseverance, to skip work, weekends, even vacations, going through seasons after seasons of shows on their laptop/phone/TV.
You could erase days from a calendar, as if they never existed. They certainly didn't matter. What did were the goings-on in the lives of folk in Orange Is The New Black, Stranger Things, The Crown, Making A Murderer, Ozark, Mindhunter, Wild Wild Country… The playlist is almost endless. Sarandos is obviously not complaining. The modern word for the cultural phenomenon is binge-ing, or binge-watching: "A reporter for The Wall Street Journal first started writing 'binge' [in reference to Netflix]. We actually tried to get him to stop, because we thought binge was negative, that [connotatively] leads to purge!" The more positive association with Netflix is, of course, the word 'chill' —Netflix and chill — the origins of which Sarandos has no clue about: "It was created by the Internet, and took on a life of its own. We recently did a campaign for Halloween, which was the first time we used it at all. They talk about their love for Netflix in a way that they're in a relationship with Netflix!"
But it is what it is. With people binge-ing sometimes for 10-12 hours straight, Netflix broke media-myth number one — that audience has short attention span, so 'keep it short, stupid' — a thumb-rule that content heads would strongly adhere to, for everything, from cinema, TV, to newspapering. Which is clearly not true, as Sarandos reveals, "Our shortest show is Comedians In Cars Getting Coffee. The average episode is 18 minutes long. But the average watch-time for the show is over an hour and half! So they binge-watch even 18-minute interviews!" I'm a little surprised by this. Not the numbers. But the fact that Sarandos is talking numbers at all. Netflix is notoriously secretive about sharing any kind of viewership data. "Ah, I think you can write it," he assures, thankfully. As chief content officer of Netflix, the company he's been with since 2000, Sarandos currently marshals unheard-of resources — production budget alone of $8 billion a year, for one — making him arguably the most powerful man in global entertainment.
He needs no ad-revenues, or a theatrical run (though some Netflix films do open in select cinemas at the same time as they drop online, as Alfonso Cuaron's Roma, or Martin Scorsese's The Irishman, inevitably will). The productions are directly funded by 137 million subscribers, or members, as they're called. Relying far more on instinct than regular Hollywood studios, Netflix also does no focus-group surveys: "The only audience-test we do is in comedies, [to check] for laughs, that's it," Sarandos points out. Be that as it may, he seems to wear power rather lightly, like his casual, blue polo tee, at the Netflix India office in Bandra-Kurla Complex as he delves into his love for Francis Ford Coppola's The Godfather series — why the third part suffered because of devotees' insurmountable expectations ("problem with anticipation, and art") — or how he stays up any night that Sidney Lumet's The Verdict shows up on TV (yes, he still watches TV).
Sarandos inevitably comes across as a pucca fan-boy that he would've started off as — having led the non-linear transition from TV, VHS, DVD to OTT — rather than a hardened, know-it-all studio-suit, merely studying demography, or counting numbers. You can sense that in the choices he's made. Media-myth number two that Netflix irreversibly broke was that people don't enjoy foreign language, subtitled, or dubbed entertainment: "I still argue with people who try to tell me that Narcos is not in Spanish! It really is. We made it. We know!" The immediate outcome of this is one can instantly see all kinds of story-telling/entertainment seamlessly crossing continents, let alone borders as Sarandos self-admittedly sticks to the credo: "The more authentic, the more global."
Netflix landed in India in January, 2016, with pre-existing content on the OTT app. They started local, original series production with Sacred Games, a heavy, no-holds-barred crime-thriller, which was set in Bombay, and was as Bombay as it gets. Having gone seriously bullish on a "growing market", Netflix currently has six Indian films and 10 original series at various stages of production. The meeting room we're in is named 'Baahubali', after the desi blockbuster; the prequel of which is being readied for Netflix. Earlier in the day, Sarandos was on the sets of Selection Day (series based on Aravind Adiga's novel of the same name).
"And I was thinking: Those kids [on the set], when I see them next, would've become very famous all over the world," he says, recalling how Johnny Carson would go to the French Open, because no one recognised him in France, even as 40 million people watched him every night on The Tonight Show in the US. That's obviously not possible with the same show (with Jimmy Fallon, catering to 190 countries) on Netflix. Right from when he was 12, Sarandos says he knew he'd get into journalism, which he also majored in, but chose not to pursue after college, because he thought he wasn't "a very good writer." He's sat on thousands of interviews from the other end, over the past couple of decades though. What's that one question that annoys him most, I ask, before we sign off: "What's your favourite Netflix show? This is an impossible thing for me to say out loud! Glad you didn't ask." No point!
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