Wednesday, December 7, 2011

Ted Sarandos: 'Negative Momentum' at Netflix Will Turn Around in December

How fares the biggest subscription service for streaming movies and TV shows? Netflix has seen its stock battered since July and has taken a public-relations hazing from its customers -- 800,000 of whom abandoned the company in the third quarter. The media has been none too friendly either. Has the streaming giant learned its lesson after its first major stumble? Ted Sarandos, the chief content officer at Netflix, sat down to get grilled by Wrap founder and editor-in-chief Sharon Waxman and said, essentially -- Yes.

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Source: http://www.thewrap.com/article/sarandos-negative-momentum-netflix-will-turn-around-december-33374

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