Netflix’s Ted Sarandos Interview with Anupama Chopra | Film Companion
Summary
TLDRIn this insightful interview, Netflix co-CEO Ted Sarandos discusses the company's journey through a tumultuous year, including subscriber losses and a stock price plunge, to a remarkable recovery with record subscriber growth. He emphasizes the importance of diverse, high-quality content that caters to varying tastes and moods, highlighting Netflix's global hits like 'Stranger Things' and 'Wednesday.' Sarandos also addresses the streaming wars, the company's content strategy, and its commitment to local storytelling in markets like India, while sharing his vision for the future of streaming and the impact of Netflix on the entertainment industry.
Takeaways
- 🎬 Netflix's commitment to diverse content: The company aims to cater to a wide range of tastes and moods, ensuring there's something for everyone.
- 📉 A challenging year for Netflix: In 2022, Netflix experienced a loss of subscribers and a drop in stock prices, but ended the year with a significant gain, adding 7.5 million subscribers in December.
- 🌐 Global success through local focus: Netflix believes in creating content that is authentic to the local audience first, which then has the potential to become globally popular, as seen with 'Squid Game'.
- 🤝 Leadership change: In January 2023, co-founder Reed Hastings stepped down after two decades, and the company now has co-CEOs, including Greg Peters.
- 💡 Prioritizing consumer engagement: Netflix's top priority is engagement, focusing on how, when, and where people watch their content, as it is a leading indicator of success.
- 🏆 Oscars and global recognition: Netflix content, including Indian productions, is gaining international recognition, with nominations and discussions around films like 'RRR' and 'Gangubai'.
- 📊 Measuring success beyond subscriber numbers: Netflix emphasizes that success is not just about the number of subscribers but also about engagement, revenue, and profit.
- 🚀 Growth through resilience: The company has faced challenges but has shown resilience, learning from past experiences and adapting to changes in the market.
- 🌍 Expansion in India: Netflix India has grown significantly, producing a wide range of original content and gaining a better understanding of local tastes and storytelling.
- 💸 High content spending: Netflix's content budget is massive, even surpassing the defense budget of Sweden, reflecting the company's commitment to creating a wide variety of content.
- 📈 Future outlook: Despite the ups and downs, Netflix remains optimistic about the future of streaming, with a focus on profitability and meeting consumer demands for on-demand content.
Q & A
What is the main challenge that Netflix faces when it comes to content selection for its diverse audience?
-The main challenge is catering to the vastly different tastes and moods of its audience, ensuring there is content for all preferences and situations.
How does Netflix's spending on content compare to the defense budget of Sweden?
-Netflix spends more on content than the defense budget of Sweden, with its content budget being around 17 billion dollars.
What significant event happened on January 19th regarding Netflix's leadership?
-On January 19th, Reed Hastings stepped down after two decades and handed over the reins to Co-CEO Greg Peters.
How did Netflix address the loss of subscribers and plummeting stock prices in 2022?
-Netflix addressed these issues by focusing on reigniting growth through programming, starting with the release of popular series like 'Stranger Things' season four and the global phenomenon 'Wednesday'.
What are the three business metrics that Netflix considers most important for success in streaming?
-The three business metrics are engagement (how people watch), revenue, and profit.
What is Netflix's stance on the current state of the streaming business and its profitability?
-Netflix believes that the streaming business is great because it aligns with consumer desires and is moving away from traditional television and movie formats. Netflix is profitable in its streaming endeavors, unlike its major competitors.
How does Netflix approach content creation for a global audience?
-Netflix aims to create content that is authentically local, which often ends up being successful globally, as seen with 'Squid Game' from Korea.
What is Netflix's strategy for content breadth and how has it evolved over time?
-Netflix's strategy involves producing content across every genre and format, expanding from prestige dramas to a wide range of television and movie genres to cater to diverse tastes.
How has Netflix India's approach to content creation and audience engagement evolved?
-Netflix India has grown by producing a wide range of original projects, understanding local tastes, and increasing engagement through shows like 'Trial by Fire' and 'The Romantics'.
What is the significance of Netflix's content budget and how does it plan to allocate it moving forward?
-Netflix's content budget is significant, allowing for broad investment in content that people love. As markets grow, like India, they get a larger piece of the content budget to cater to local tastes.
How does Netflix view the importance of sports content in its platform, especially considering its historical significance in pay and broadcast television?
-While sports have been important for traditional television, Netflix has proven it can build a large audience and business without relying on sports as a loss leader.
What was the impact of Netflix's 'Drive to Survive' show on Formula One's global audience?
-The show significantly increased engagement with Formula One, demonstrating Netflix's ability to enhance viewer interest in sports through compelling storytelling.
How did Netflix respond to the challenges and negative press during its subscriber loss and stock price drop?
-Netflix responded by focusing on resilience, not taking negative press too seriously, and continuing to prioritize its members and product quality.
What is Netflix's view on the future of streaming and its role in the entertainment industry?
-Netflix sees streaming as the future of entertainment, with people increasingly moving away from traditional formats and towards on-demand streaming services.
Outlines
😀 Netflix's Content Strategy and Industry Impact
The paragraph discusses the diverse tastes in content viewing, emphasizing the importance of catering to various moods and preferences. It highlights Netflix's significant investment in content, surpassing even the defense budget of Sweden. The conversation delves into the company's challenges in 2022, including a loss of subscribers and stock price fluctuations, but also its recovery with successful programming like 'Stranger Things' and 'Wednesday'. The speaker underscores the importance of engagement, revenue, and profit as key business metrics, and addresses the 'streaming wars', stating Netflix's focus on consumer satisfaction as the path to growth.
🌟 Expansion of Netflix's Content and Global Reach
This paragraph focuses on Netflix's evolution from producing a few prestige dramas to offering a wide range of programming across all genres. The speaker mentions the company's aspiration to become a part of various entertainment channels, reflecting its commitment to diverse content. The discussion includes Netflix's strategy in India, acknowledging the initial hit-and-miss approach but celebrating the improvements and successes like 'Trial by Fire'. The speaker also talks about the importance of local teams understanding the culture and consumer tastes, and the impact of Netflix on global cinema, as seen with Indian films like 'RRR' and 'Gangubai'.
🏆 Netflix's Commitment to Authentic Local Content
The speaker discusses the importance of authenticity in content creation, using the global success of 'Squid Game' as an example. They emphasize that successful global shows are those that are first loved locally. The paragraph also touches on the mystery of streaming numbers and how engagement metrics are more important than subscription numbers for measuring success. The speaker addresses the challenges of creating content in India, given its rich cinema culture, and how Netflix's approach has evolved to better suit local tastes, leading to a stronger content slate and increased engagement.
📈 Netflix's Resilience and Growth Amidst Challenges
This paragraph details Netflix's resilience in the face of challenges, such as the 1.2 million subscriber loss and stock price drop. The speaker reflects on the company's history of overcoming adversities, including competition from Walmart and Blockbuster. They highlight the importance of not panicking and focusing on creating a better product. The speaker also discusses the future of streaming, predicting it will surpass cable and broadcast as the dominant way to watch television, and expresses confidence in Netflix's position in the industry.
🌍 Netflix's Global Influence and Future Aspirations
The final paragraph celebrates Netflix's global influence on movies and television, with the speaker acknowledging the company's unique position in the industry. They discuss the importance of making content that resonates with local audiences, which can then be enjoyed worldwide. The speaker shares their pride in Netflix India's achievements and their desire for the team to continue producing high-quality programming. They also express their personal philosophy on happiness and work-life balance, and share their admiration for the resilience shown by the people of Ukraine.
Mindmap
Keywords
💡Content
💡Subscribers
💡Engagement
💡Streaming
💡Original Production
💡Resilience
💡Global Phenomena
💡Ad Tier
💡Cultural Understanding
💡Oscar Nominations
💡Business Model
Highlights
The importance of diverse content to cater to different tastes and moods, as emphasized by the speaker's personal experience with his wife.
Netflix's significant spending on content, surpassing the defense budget of Sweden, highlighting the company's commitment to its streaming service.
The leadership transition at Netflix with co-CEO Greg Peters taking over from Reed Hastings, marking a new era for the company.
The challenges faced by Netflix in 2022, including subscriber losses and stock price fluctuations, and the company's subsequent recovery strategy.
The strategic shutdown of Netflix's operations in Russia and its impact on the company's subscriber base.
The success of Netflix's programming strategy, exemplified by hits like 'Stranger Things' and 'Wednesday', which contributed to the company's growth.
The speaker's top priority for Netflix: focusing on the streaming business and addressing skepticism about its viability.
Three key business metrics for success in streaming: engagement, revenue, and profit, as outlined by the speaker.
The 'chaos era' of streaming wars and the financial struggles of platforms other than Netflix, as reported in Time Magazine.
Netflix's content strategy and its impact on the entertainment industry, including the company's role in the 'arms race' of original production.
The speaker's vision for Netflix to encompass a variety of programming styles, similar to HBO, FX, Comedy Central, and the Food Network.
The challenges and learning curve of Netflix India, and the company's commitment to producing local content that resonates with Indian audiences.
The success of Netflix India's original productions, such as 'Trial by Fire', and the growth of the team's understanding of local taste.
The global impact of Indian films like 'RRR' and 'Gangubai' on Netflix, and their role in driving cultural conversations.
The importance of authenticity in global content, as demonstrated by the success of 'Squid Game' and its Korean roots.
The mysterious nature of streaming numbers and the significance of engagement metrics for measuring success, as opposed to raw subscription numbers.
The speaker's perspective on the role of sports in building a mass audience for Netflix, and the company's strategy without relying on sports as a loss leader.
The company's resilience and recovery from challenges, including the stock price drop and industry skepticism, by focusing on consumer satisfaction.
The speaker's personal philosophy on work-life balance and the importance of doing something you love, as well as his admiration for the resilience of the people of Ukraine.
The speaker's approach to decision-making in business, encapsulated by the question 'Is the juice worth the squeeze?', which evaluates the effort versus reward of a venture.
Transcripts
my wife and I never agree what to watch
and we love each other enough to be
married and live in the same home and so
people have very different tastes and
different moods and you have to have
something for all those moods Netflix
spends more on content than the defense
budget of Sweden
it's actually more you're correct
[Music]
Dad it is so wonderful to see you again
you two in person in person it's been
too long and oh my God God what a year
it's been for you guys it has been a
busy year yes it's only February by the
way it is exactly and but but even the
last 12 months Netflix so much has
happened I mean on January 19th read
Hastings after two decades step down and
you know handed over the reins formally
to you and co-ceo Greg Peters uh 2022
was really difficult in terms of at one
point you had a loss of subscribers the
stock prices plummet and then in
December
7.5 million subscribers are added which
is actually beyond the analyst forecasts
yeah it's been a roller coaster ride
yeah the first half of the year was
pretty rough last year I got up to a
slow start uh so um recovery from covid
and all these things made things quite
uncertain remember we shut down our
operation in Russia where we had a
million subscribers drop so there was a
whole lot of things we were navigating
the first part of the year and then the
second half of the year
um we really you know got got moving uh
and I think it really speaks to the
company that we built which was filled
with people who are incredibly smart and
resilient and we really got singularly
focused on reigniting growth programming
starting probably with stranger things
season four and then rolling into a big
Global phenomena like Wednesday and
back-to-back hits from all of our
content around the world it's just been
just the windows at our back for sure
what's your top priority right now the
streaming business in the last six
months people are openly questioning
whether or not this is a good business
well of course it's a great business
because this is what consumers want uh
the world is moving to streaming and On
Demand uh and away from linear
television away from Paid Television and
away from transactional movies and the
people who do this well which we've been
solely focused on for 25 years as a
company uh to be very critical in this
space and in terms of being profitable
look at what is success streaming I
really think there are three business
metrics only three the business can be
portrayed very complex or very simple I
think it's quite simple number one is
engagement
do people watch how they watch where
they watch
and when it comes to engagement
um you know we're clearly leading that
around the world Netflix is a profit is
company is profitable globally in our
streaming Endeavors which our major
competitors are not so if you look at
um sub counts and all those kind of
things those are sub metrics the real
metrics of the business are engagement
revenue and profit
okay I'm gonna come back to that but
before I have to ask you
um so speaking of the streaming and and
non-profit and profit I just read a
piece in Time Magazine which said that
streaming Wars are now in their chaos
era okay and they said it said that any
platform that's not named Netflix is
losing money uh Disney is laying off
thousands of people uh and one of the
one of the lines in the piece was that
the content arms race kicked off by
Netflix hasn't paid off uh what's your
take give us a sense of what's happening
what are these streaming Wars
um well it depends on who paid it out
for uh yes we we have a we did
definitely ignite what I think is the
largest explosion of original production
maybe in the history of the medium in
the new generation of uh entertainers
people have very diverse taste and they
have and they expect what they to get
what they want and you don't always feel
like the same thing I always joke about
that my wife and I never agree what to
watch and we love each other enough to
be married and live in the same home and
so people have very different tastes and
different moods and you have to have
something for all those moods so we he
started investing in a lot of breadth of
content early on and so for our early
investment has paid off and for us what
they talk about being the only company
that isn't called Netflix uh they're all
losing money we're why we're not we
never took our p l to zero to grow this
business we've grew it soundly uh by
really focusing on consumers and
consumer first and we didn't uh so I
think we as long as you're in the happy
consumer business uh you can grow
infinitely as long as you keep those
members happy
Ted you talked about breath of content
but you know when House of Cards first
premiered in 2013 uh you had said that
we want to become HBO before HBO can
become us but more recently you've said
that Netflix is going to be part HBO
part FX part Comedy Central part the
Food Network uh is this a change of tax
no it's a expansion of it so yes we
still do that type of programming that
we talked about back in the house of
cards days which believe it or not is is
10 years ago this month uh we launched
House of Cards we only were doing a
handful of kind of prestige dramas in
the early days and today we produce
across every genre of Television
programming every version of movies
every genre of movies
um so when you say that we want to when
I said that about HBO I was trying to
get into the shorthand which is I think
that they were at the time the kind of
north star of high quality programming
and we had not yet made anything
so I said when we get into this I want
to be
that great at making the programming
much like India it is I'm going to say
right uh Tamal uh Tommy Tommy right
sorry right uh where it's a little bit
of everything and because I think that
is what people want right I think
sometimes you want a drama sometimes you
want a comedy or sometimes with this
incredible history uh and Rich history
of Indian Cinema sometimes you want it
all in the same movie uh and we want to
be able to provide that so so
Bella said we want to replace all
television well we want to be your
choice we want to make your favorite
show your favorite film and there's a
tremendous value in being very good at
figuring out consumer taste and helping
them navigate through the world of
enormous choices
let's talk about Netflix India
I know that India has always been a
priority market for Netflix yes but the
general perception seems to be that it's
been a bit of a hit and miss for the
service here and I've asked you about
this before and you had said that look
this is a trial and error phase
to match audiences with stories is very
difficult it's very fluid and we're
committed to getting better and better
now in January Netflix India had trial
by fire which is a superb piece of
Storytelling okay do you think the team
is already better and better I think
they're better every day and I do think
from the you say it's hit and miss I
think when you enter into a new market
sometimes it's miss miss miss hit it and
I think that's you know like and and
what I figured out early on when we
started launching in various countries
is you didn't learn much in one country
that was helpful in the next country you
have to be there you have to be on the
ground on and you have to understand
consumer taste you have to understand
the culture you have to understand the
his the industry you have to understand
creators in that country what are the
challenges to getting movies made and
series made and in the case of India
remember I think India's got this
beautiful Rich Cinema culture and not
that much around television at that time
when we first got here so sacred games
was our kind of early attempt to say
well what if you took the principles of
Cinema and Infuse them into television
and with the with the Indian audiences
love that and you know that was our
first show out of the gate and now you
look going forward
we've now produced a hundred original
projects in India last year alone 28 and
then to your what you're saying earlier
just you know we're only in February and
we've already released
trial by fire uh the romantics The
Romantics I was just going to talk about
this great documentary we just did in
class the Slate of films and series that
we have coming up for the next year are
strong longer than we've ever had so
this idea of really getting into the
grid into the Rhythm and the groove of
local taste and local desire I think
we're better at that than we ever were
our team who runs India run it from
India a lot of I think uh companies who
try to run India out of California get
frustrated early on because they just
don't learn anything and here our team
really does understand the local culture
and the local storytellers and they
themselves are part of the local
audience and of course last year the big
success stories were gangubayan rrr for
Netflix
incredible I mean honestly that I've
never seen that much Euphoria around an
Indian film like there was for RR being
in Los Angeles during uh award season
this year RR and gangubai were in the
discussion deeply everyone was talking
about this there are 180 movies to watch
on the voting site and two that got
watched a lot were these two movies most
and then they get found out because they
saw them on Netflix so those movies kind
of get pushed into the culture on
Netflix and then people started talking
about hey did you see this movie did you
see this movie and RR for many people
who I know may have been the first
Indian movie they ever saw and for them
it was such a wild Journey that they
want more they're going to want more the
way that squid game did that for Korean
content around the world again on
Netflix so it's not that you uh it's
impossible to have a global head it's
very rare and you need to have a
distribution platform like Netflix and
you need to have a system of choosing
like Netflix to help surface things that
you may not know you're going to like
but we do Elephant Whisperer which is
actually nominated for the Academy
Awards on Netflix for short documentary
and it's our second nomination for a
short documentary both films from India
period end of sentence which won the
Oscar a few years ago and then elephant
Whispers which is nominated this year
wonderful
content break out globally
um make it work locally
there there's no you cannot reverse
engineer a global show uh the things
that work globally are the things that
are the most authentic local
squid game from Korea was every bit
Korean television and Korean and a
hybrid of Korean television and Korean
Cinema
and it worked first and foremost in
Korea and then blew up around the world
and I think that's true of of all of our
shows that have worked globally is that
they first and foremost were loved by
the local audience
the one of the most mysterious things
about the streaming world is of course
numbers
so
subscription numbers that do the rounds
and
if you look at those then yes Netflix is
lagging but if you look at
um third-party apps you know if you look
at app Annie or com score numbers in
fact Netflix leads because like you were
saying engagement is so high it's 74 for
Netflix whereas the rest of the
platforms are declining so
I know you already addressed this in a
little bit but is that then your measure
of success uh and how does Netflix India
rack up it's absolutely the measure of
success it has to start with engagement
do people care enough to spend their
viewing time with you do they are they
spending their screen time with Netflix
and so that's why that engagement metric
is so fine you know
that you can't really build a mass
platform without sport now you've said
that Netflix is not anti-sport it's Pro
profit right and and you're confident
that you will build you'll take this to
twice its size without sport but you
know here it's like if you don't have
Cricket you can't do it so what's your
response uh well we've built
it has it has been true historically
that Sports were very important for pay
television for broadcast television and
I think for the most part it was a very
large loss leader so the big question
was can you build a big audience or a
Big Business Without a lost leader of
sports
um and for us we have proven that we can
and we have and uh so so I do think that
we can and I do think
the way people engage in sports isn't
all just about watching the game itself
look at the impact that we've had on
Formula One around the world with our
show drive to survive in which we just
launched new shows in that take place in
the world of professional tennis in the
world of professional golf
you saw the last dance and the impact
that it had on both on Michael Jordan
and on the NBA around the world we saw
bigger numbers uh viewing numbers on
Netflix internationally than ESPN saw
domestically on Last Dance So Tech to
Scott gallower said that Netflix spends
more on content than the defense budget
of Sweden
it's actually more you spend more than
the defense budget of Sweden it's it's
at 17 billion dollars as you say I don't
know the defense budget is Sweden but I
know our content budget and it is that
you're correct so how much of this Ted
is for
and what is the brief in terms of
content because as you give cheaper
options as you have an ad supporter
you're going to have to sort of
make the content more mass rather than
premium uh so what's the brief the first
people who signed up for Netflix are
were probably very Dem western-centric
in their taste uh early adopters to
technology had wired Broadband at home
and a big screen TV and all that and as
you get more and more mass you get more
and more uh mix of folks so you need to
mix up price points so over the years
we've added multiple price points
including we're rolling out you know an
ad tier around the world
um and the programming too then begins a
little more in the mainstream you don't
abandon the other program you add it's
additive this is all additive and then
as people move up and down and they're
in the way that they look at their
programming and The Taste sometimes you
find yourself watching something that
you've never seen before or thought you
would like and you love it we have a um
an unscripted show from Korea right now
called physical 100 that people are
watching all over the world and this is
again we've only been making original
content in Korea for a few years and
working across all forms of Storytelling
the way that Indian matchmaker is a very
big hit in the United States that you
can make all those content work so when
I tell you that we're growing engagement
and uh and revenue in India then the the
next part of that is that India gets a
little bit bigger piece of the content
budget uh and and so you basically are
trying to constantly get just ahead of
or just behind the growth in a market
and figure out what's working and keep
investing would this sort of content
brief be
again be all things to all people yeah
definitely so we want to invest broadly
in things that people love and so and
again what and the things that you may
be in the mood for so that could be you
know a very soapy drama or it could be
you know a big action film or more of a
prestigious drama
dead last deal when the 1.2 million
subscriber loss was reported and the
stock price fell of there was and this
was actually reported in many sort of
platforms and newspapers there was sort
of almost audible Glee in Hollywood
right to to see a giant tumble also
because you appended every rule that was
and that existed till then at that
pointed did you have a sort of a Dark
Night of the Soul did you were you
afraid and how did you get past it like
I was saying earlier the company was
really built to be resilient so uh and I
also I try to have great perspective so
people say a lot of very nice things
about Netflix you don't take them too
seriously because when they say mean
things about Netflix you don't take them
too seriously either and I wouldn't say
that we really stumbled as much as we
stripped and I do think so it's a matter
of you know Gathering your things and
getting back to work and we've done it
for the beginning when we started
Netflix when we were just mailing DVDs
around the United States we were at it
we were leading the market and then
Walmart the world's biggest retailer and
Blockbuster at that time the large the
world's largest Entertainment Company
both came at our business and undercut
our price dramatically and tried to run
at us and we did we we sunk a little bit
it and we came back and we came back by
making a better product and keeping our
members and our customers first and
foremost didn't worry about the
competition very much
um and then when we launched into our
streaming business we had a little
bouncy middle there we were trying to
figure out between DVD and streaming
which was going to be our future and how
we which date you'd want to pull the
plug on one or the other and we did this
thing called quickster that uh the
members hated everywhere uh and a bunch
of people quit and they you know and our
stock went down then actually our stock
dropped much more dramatically than it
did recently and came back within about
18 months so we've been through you know
success stories are very rarely straight
up and to the right we did break a lot
of rules when we got into the business
but I'll let you in a secret it's not
because we were trying to be Rebels we
didn't know the rules
so it helped us a lot
you don't panic ever Ted Panic yeah do
you ever get scared no I mean it's you
always want to be a little scared you
always want a little um very healthy
level of nervousness uh but not panic I
think here's what I take a lot of
confidence in we've been we have we have
been in this business for 25 years we
have one business this is all we do so
we have to be great at it um streaming
is the future
um people are going to increasingly move
away from linear television away from
transactional movies towards streaming
in fact in the U.S where we're very
penetrated and streaming is quite mature
um streaming grew 46 in December and and
by next year it's forecast to surpass
both cable and broadcast to be the
dominant way people watch television in
the United States and I believe that's
going to be true around the world I read
an article today in the New York Times
in which Barry Diller said this about
you and I quote exactly three he's had
more singular influence on movies and
television shows than anyone ever had he
has denuded the power of the old movie
companies that had held for almost 100
years they're now irrelevant to setting
the play and rules of the day if there
is still a Hollywood he is it
[Laughter]
there will be news to my wife and kids
that
um look I think that the the version of
Hollywood that Barry talks about Barry
is very generous by the way when he says
that I think the reason why it's
possible that I've had that kind of
influence just because Netflix has had
that kind of influence and that
streaming is such a popular way of
consuming so in that way very few places
and few companies have done movies and
television uh together in the same place
under the same scale at the scale that
we do and in as many countries as we do
and as many languages as we do and it
really has changed the way people watch
this is I think a way to kind of make
content make movies and shows anywhere
in the world and if you make them good
enough they'll be watched all over the
world that's never been done before and
I just happen to be the guy who's you
know overseeing a lot of very smart
people doing it
what are you proudest of Ted of what
Netflix India has achieved and what do
you want to see happen in the next two
years
uh proudest of of Netflix India has been
that ability to just keep going you know
yes we started off pretty slow we're
trying to figure out a lot to figure out
uh but just the ability to keep going
and making great programming um if you
want to see we just released this you
mentioned them Romantics I for me the I
want to make this mandatory viewing in
the company well I want every one of our
employees all 10 000 people to watch all
episodes of this documentary to learn
about this incredible Rich history of
Cinema in India the storytelling is
great it tells you so much about the
culture here and the business culture
and the storytelling culture I learned
more in that four hours than I have
learned in the last 20 years trying to
figure out India uh for for movies and
television shows and I'm super proud of
the fact that we're in the discussion
and I think even this year like I said
with Oscar nominees from India and are
being able to drive audiences to films
that they'd never seen before from Place
new places in the world it's a lot to be
proud of yeah
I'm gonna end it with
what is your idea of perfect happiness
perfect happiness
oh that's a in the in Life or uh in life
I have figured out that there is no life
work balance so do something you love
and I do that I get to do the thing I
love
which living person do you most admire
it's very um that's a long list
it's very hard not to um
to look at the resilience of
um not just uh president zielinski but
the people of the Ukraine and and what
they've been through and there was in
the strong resilience of those people
it's amazing
on What occasion do you lie Ted oh
hardly ever
it's the problem is I can't remember
things very well so if you lie you have
to have a very good memory to lie so
[Laughter]
my motto is is this is a business model
I ask the teams all the time is the
juice worth the squeeze so is this going
to be so big that you'd be willing to
put up with almost anything to make it
work uh so when someone wants to do
something that's really hard or really
controversial really difficult I say is
the juice worth the squeeze nice Dad
thank you so much it's always such a
pleasure to speak with you thank you
[Music]
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