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Netflix co-CEO: I’m very sorry that I promised we’d focus on quality programming a decade ago, when HBO was the gold standard

Back in 2013, Netflix co-CEO Ted Sarandos noted that his company’s goal was to “become HBO faster than HBO can become us.” His point, at the time, was that Netflix wanted to become synonymous with …

In short, he’s forced to admit that focusing on quality won’t deliver Wall Street the unsustainable, unrealistic, impossible and permanent growth investors so crave: But, as a leading executive, Sarandos can’t really acknowledge a foundational truth: Wall Street’s need for impossible unlimited quarterly revenue growth means that, sooner or later, Netflix is on an unrealistic path toward self immolation just like the cable giants that preceded it. But there are endless warning signs that Netflix executives are dead set on pushing their luck in terms of weird restrictions, sagging quality, and price hikes, and that will end badly.

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