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Netflix CEO Ted Sarandos pours cold water on New York Times report that Dan Lin wants to make movies ‘better, cheaper and less frequent’

Of Aladdin producer Dan Lin taking over the film leadership at Netflix from Scott Stuber, there will still be a commitment to a robust feature film offering. Those were the statements made by the streamer’s co-CEO on Thursday during the company’s call to discuss its first-quarter earnings report.

Answering a question from analyst Richard Greenfield about a New York Times In a report that characterized Lin’s mandate was to make movies at Netflix “better, cheaper and less frequent” and how such a formula is possible, Netflix’s Ted Sarandos responded: “We did not participate in that article.”

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Sarandos added: “That’s not a quote from Dan.”

“There’s no desire to make fewer films,” says Sarandos, whose company released some 50 original feature films last year alone, with some of last year’s tentpoles costing the studio more than $200 million, including those from the Russo Brothers . The gray man, and prestigious photographs such as those by Noah Baumbach White noise as much as $140 million. And that’s without any downstream revenue, a la a regular major studio theatrical title.

Sarandos added: “(There is) an unlimited hunger to make better films.”

RELATED: Netflix Co-CEO Ted Sarandos Sees 2023 Payment Package Boosting $50 Million

The executive is sticking to his guns after saying during the January fourth-quarter earnings call on the post-Stuber film division: “We have no plans to change our strategy or the mix” when it comes to film.

“We are super excited to have Dan join the company. He joined a few weeks ago and he runs 100 miles per hour,” the Netflix boss added today.

Sarandos praised Lin’s performance on the streamer, noting that he produced both Oscar-nominated productions The two popes and series Avatar: The last airbender. “He understands Netflix and the audience very well,” Sarandos said.

In major earnings news, Netflix said on the call today that it will stop reporting quarterly subscriber numbers starting in 2025, a notable pivot considering the way the company’s stock price fluctuates based on those numbers. Netflix added that it will continue to report subscriber milestones from time to time.

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