The two jumped right into the problems plaguing Hollywood and why Netflix is succeeding amidst production decreases, dwindling box office numbers and an industry in contraction. "Netflix is a very consumer-focused company,

During Semafor’s World Economy Summit, Sarandos said the company still has “enormous room to grow:” > In the previous five years, we’ve doubled our revenue, we grew profits 10 times, and we grew our market cap three times.

Sarandos says the key to creating global hits is letting local teams focus on making shows for their own markets.