Ted Sarandos Says Netflix 'Could Do Better’ as YouTube, TikTok Threaten to Steal Viewers: Time to Take Shows and Movies 'To The Next Level'

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. On Tuesday, Netflix Inc. co-CEO Ted Sarandos acknowledged room to improve the streaming giant's content strategy as the company reshuffles leadership, cuts jobs and faces mounting pressure to reignite growth. Netflix CEO Wants Better Shows and Movies During the company's third-quarter earnings call, Sarandos said Netflix plans to concentrate on producing high-quality television shows and movies that make the service indispensable to subscribers. "I know that we could do better," Sarandos said, adding that the company sees an opportunity to take its programming lineup "to the next level." Don't Miss: A single bad hire can set a startup back years.