Basically [Reed Hastings] described Netflix almost exactly like it is right now, and the internet was so slow and so expensive at that time.
In the age of streaming entertainment, there’s Apple, Disney, Comcast, and many others. But it began with Netflix. In 2013 Netflix shifted from a distribution company (remember the mailed DVDs?) to a distribution and content creation business. Some of the company’s first shows were hits like “House of Cards” and “Orange is the New Black.” Ted Sarandos, chief content officer for Netflix, describes this transition and how the company has grown since. He tells Derek Thompson, staff writer for The Atlantic, how Netflix is keeping up in an increasingly crowded streaming market, and why a changing entertainment business is a good thing for artists. The views and opinions of the podcast guests are their own and do not necessarily reflect those of the Aspen Institute.