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.

Netflix co-CEO Ted Sarandos said the giant streamer’s long-term ambition is to become a trillion-dollar company, and that it’s achievable.