TED SARANDOS

Co-chief Executive & Chief Content Netflix Inc.

2022-06-20T07:00:00.0000000Z

2022-06-20T07:00:00.0000000Z

LABJ

https://labusinessjournal.pressreader.com/article/298586134820106

MEDIA & ENTERTAINMENT | 2022 LA500

Sarandos administers the biggest film and TV budget anywhere – $17 billion a year, roughly double the cost of all Hollywood’s major-studio films in a normal year. Increasingly, that means content produced abroad including its “Squid Game,” a South Korean dystopian drama that became a global sensation. To produce in-house, Netflix bought children’s literary house Roald Dahl Story Co. and spent $469 million for “Knives Out” movie sequels. Selfproducing is a necessity since legacy Hollywood distributors retain their content for in-house streaming platforms. Netflix employees went into an uproar over a Dave Chappelle comedy special, but Sarandos stuck by Chapelle. Netflix reported a loss of subscribers in recent months.

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