Netflix Chief Content Officer Ted Sarandos recently addressed concerns about the impact of the departure of Film Boss Scott Stuber on the streamer’s plans for original feature films. During a Q4 earnings call, an analyst raised the issue that Netflix’s original movies, while successful in terms of viewership and hours watched, do not have the same cultural impact as the streamer’s series.
Sarandos was quick to defend Netflix’s original movies, highlighting their popularity and global appeal. He specifically mentioned Sam Esmail’s thriller feature, “Leave the World Behind,” which stars A-list actors Julia Roberts, Mahershala Ali, Ethan Hawke, and Myha’la. Sarandos also pointed out the success of other original films like “Society of the Snow,” which received two Oscar nominations, and Jennifer Lopez’s “The Mother,” which was reportedly the most-watched movie in the world last year.
According to Sarandos, what matters most to fans is not the budget or release window but rather the emotional impact and entertainment value of a movie. He emphasized that Netflix’s original films outperform licensed films and contribute to the streamer’s unique position in the market. Sarandos proudly announced that Netflix’s original films received a total of 18 Oscar nominations across ten different films.
Despite Stuber’s impending departure, Sarandos assured investors that Netflix would not change its strategy or film mix. He believes that a blend of first window, second window, and deep catalog films is the best approach to entertain audiences worldwide.
Stuber, a former Universal executive, played a significant role in expanding Netflix’s feature film pipeline. He was responsible for securing high-profile projects such as “Red Notice,” starring Dwayne Johnson, Gal Gadot, and Ryan Reynolds, as well as the Russo Brothers’ “The Gray Man,” featuring Chris Evans, Ryan Gosling, and Ana de Armas. Stuber also made headlines by acquiring the rights to the popular “Knives Out” franchise for a whopping $400 million. Despite Netflix’s focus on original movies, the streaming giant has also ventured into the cinema business with the acquisition of iconic theaters like the Paris in NYC and the American Cinematheque in Hollywood.
In conclusion, Netflix remains committed to its original feature films, which continue to attract large audiences worldwide. While the departure of Film Boss Scott Stuber may raise concerns, Chief Content Officer Ted Sarandos reassured investors that Netflix’s film strategy would remain unchanged. With a strong lineup of upcoming releases and a blend of exclusive and licensed content, Netflix aims to entertain audiences and maintain its competitive edge in the streaming industry.
