Netflix’s Reed Hastings See Plenty More Runway; Ted Sarandos Says Day-And-Date Movies “Will Be More And More Accepted”

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As an old Wall Street saying goes, the market climbs a wall of worry. In the case of Netflix, the more people worry about the company exhausting its potential (or cash reserves), the higher it seems to climb.
Founder and CEO Reed Hastings said during today’s earnings video conference that he sees plenty more upside. “Whether our share grows or shrinks is really down to, do we make great content, market it well, serve it up beautifully?” he said. If they don’t, he…

Netflix Plans 80 Movies In 2018, Up From Eight In Current Quarter; “People Will Start Seeing The Potential”

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Aiming for a level of output not seen since the two-reeler silent movie days, Netflix plans to put out a new original movie on average every four and a half days in 2018, for an eye-popping total of 80 releases, content chief Ted Sarandos said after today’s release of third-quarter earnings.
That level compares with eight in the quarter that ended September 30, Sarandos said. His brief comments came during a 40-minute video conversation between a single analysts and the…