Netflix Co-Chiefs Reed Hastings And Ted Sarandos On Movie Theaters, PVOD And How Hits Affect Subscriber Trends - Deadline

Netflix co-CEOs Reed Hastings and Ted Sarandos tackled a range of topical issues Tuesday as they offered context for their less-than-expected gain in subscribers during the third quarter.

The increase of 2.2 million subscribers was below company and Wall Street forecasts, and reflected a “pull-forward” in the first half of the year due to COVID-19.

Netflix predicts it will have added 34 million subscribers by the time 2020 is done, the highest annual tally in its history.

As it began streaming in 2007 and shifted its emphasis to that effort from its legacy DVD-by-mail business, the company would license “800 films from somebody and nobody watched any of them,” Sarandos said

Subscribe to Deadline Breaking News Alerts and keep your inbox happy

Launch dates for broadcast, cable and streaming programs

Up-to-date lists for broadcast, cable and streaming series

Signup for Breaking News Alerts & Newsletters

Sign up for our breaking news alerts