Netflix co-CEO and chief content officer Ted Sarandos is feeling “better and better” about the company’s $17 billion content spend budget.
On Tuesday, the streaming giant reported 2.41 million net new paid subscribers in Q3, including a gain of 100,000 in the U.S./Canada region, to stand at 223.1 million worldwide as of the end of September. That handily topped Netflix’s previous forecast of a 1 million pickup for the period.
Later in the Netflix earnings interview, Sarandos spoke about what is highly anticipated to be a Q4 hit for Netflix, the “Knives Out” sequel “Glass Onion,” which will be released in theaters, but only for one week and on limited screens.
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