The first 40 minutes of this podcast is an interview with Netflix Co-CEO Ted Sarandos.
Ed Elson: 1 in 10 on Ozempic. $1.6 billion on Wegovy and Ozempic more than the spending on state parks.
Scott Galloway: Ask anyone who is o GLP-1 and uses AI everyday which one impacts their lives more. The US spends $8000 more per capita on healthcare than Japan - $3 trillion. Why? 40% are obese, 72% are obese or overweight. Scott suggests: Give away GLP-1 for any household under $60k.
A discussion of the possible acquisition of Warner Brothers. It eventually went to David Ellison for $110 billion.
Ted Sarandos: He sees AI as helping writers but not to replace because it gives you the most predictable outcome possible. Writers are 1% of cost so it doesn't make sense to target writers to save costs. AI helps with safety on sets.
Scott floats the idea of Netflix acquiring Disney. Ted says the DNA of Netflix back in the day of DVD's was to be all things to all people so they are a general entertainment brand. Disney can't get into prestige and HBO can't get into family. Netflix is trying escape house and KPop Demon Hunters going on tour. He showed no enthusiasm for Disney.
Ted sees anyone who uses a remote control as a competitor, therefore, YouTube, who gets more minutes of usage than Netflix is a competitor. Ted talks about watching SNL on YouTube to make the point that is that considered NBC or is that considered YouTube.
Ted sees more room to grow in current markets and very much overseas.
Ted doesn't see much of a desire to go to short form content.
He says back the day they had to be better than piracy. ME: It's not now? I have not had Netflix in two years and haven't missed it. Anything I really want to see on Netflix I have had no problem acquiring.
The ad supported tier has been successful because young people are used to seeing ads on Youtube so ads on Netflix don't bother them.
Ted is happy with podcasting and implied it is better move than Netflix hosting talk shows. I wonder if this where we will see Stephen Colbert pop back up.
Scott asks Ted why he chooses to live in LA. Ted has lived in LA for 30 years. California is not competitive with other states and other countires. Netflix has 30 productions in LA. He gave an example of how the system is difficult: He talks about how hard it is to shoot a scene that takes LA to Venice to Beverly Hills I need three different permits... New Jersey has created the best production incentives in the world. says his productions have hired 150k people. $400 million brought into LA by Lincoln Lawyer alone.
Scott changed the topic to talk about family and being a father. Ted, "There is no such thing as work life balance because there are times you have dedicate yourself to your job." He says kids are always watching. He credits his ex-wife on her saying "Those are not are values" when kids use the why can't we do what other kids are doing?
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