Netflix’s co-CEO was asked why the company changed its mind after saying it would never introduce ads or live sports. Here’s how he responded.
Netflix CEO Ted Sarandos at the 2024 Fast Company Innovation Festival. Eugene Gologursky/Getty Images Netflix co-CEO Ted Sarandos spoke at the 2024 Fast Company Innovation Festival. Sarandos was asked about Netflix’s shift from rejecting ads and original content to embracing both. Netflix’s ad-supported plan has since taken off, helping the company buck a stock slump. …