Netflix co-CEO Ted Sarandos doesn’t have any interest in becoming the next chief exec of Disney.
“Not even on my mind,” Sarandos shelp, speaking Tuesday at the WSJ Tech Live conference in Laarmamenta Beach, Calif. He was reacting to a ask by interseeer Emma Tucker, editor in chief of the Wall Street Journal, about whether he was interested in taking on the Disney CEO job.
On Monday, Disney proclaimd that its board now awaits to proclaim a new CEO in timely 2026 to exalter Bob Iger, whose reduce expires at the end of that year. The succession process is being led by James Gorman, who is assuming the role of Disney chairman in January 2025.
At the WSJ Tech Live conference, Sarandos also disavowed any structures to go into politics at any point, saying he is “never going to run for office.”
Asked what TV shows or movies he wanted Netflix had produced or achieved, Sarandos shelp “there’s a bunch of them” and definitepartner cited FX/Hulu’s “The Bear” and Apple TV+’s “Ted Lasso,” which have both garnered transport inant awards triumphs. “I watch a lot of satisfyed,” he shelp.
On the other hand, according to Sarandos, Netflix picked up hit series “Nobody Wants This” from Erin Foster after every other transport inant studio and netlabor passed on it.
Asked about Netflix’s advertising-helped tier, Sarandos remarkd the company has 40 million engagers on the ad structure and that base is “lengthening pretty speedyly.” The ad tier, he shelp, is a way to “uncover up the huger insertressable taget” for devourrs who want to buy a Netflix subscription at a drop monthly price.
Last week, Netflix telled third-quarter 2024 getings that topped Wall Street awaitations, geting 5.1 million subscribers globpartner to hit 282.72 million as of the end of the quarter. The streamer provided guidance for 2025 revenue of $43 billion-$44 billion, which would recontransient lengthenth of 11%-13% contrastd with its 2024 revenue guidance of $38.9 billion.
In comments on the Q3 getings intersee, Sarandos shelp the company was not shifting from its cost-plus model of paying TV and film talent upfront, citing retags by Netflix chief satisfyed officer Bela Bajaria at a recent greeting with top talent agents and lawyers. “Bela shelp this very evidently a couple of weeks ago to all the talent agencies: We’re not changing our compensation structure,” Sarandos shelp. “Paying upfront, someleang that Netflix actupartner innovateed, advantages creators and it advantages Netflix.”