Contrary to what you might have seen in some exciting headlines, Netflix is not getting into the news business.
During an earnings call yesterday, Netflix CEO Reed Hastings and COO Ted Sarandos made some comments that had media folks jumping and screaming. As Variety reports, Hastings asked Sarandos “What is the likelihood we compete directly with Vice in the next two years?” “Probably high,” replied Sarandos.
Then, to top that off, Sarandos said “On the news side, we are definitely being more adventurous about the genres we are going into.”
That was enough.
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