Ted Sarandos took aim at YouTube during a wide-ranging conversation at a Paley Media Council event Friday, drawing a contrast between what he called the video platform’s “killing time” business versus Netflix’s “spending time” business.
The Netflix co-CEO also argued that the Alphabet-owned video platform is “not a good recovery model” for creators, while speaking at “Beyond the Stream: A Conversation with Ted Sarandos.”
When asked about competition with YouTube, Sarandos reiterated that the streamer is focused on capturing the 80% of TV watching not on either platform. But he also said the company is competing for the chunk of YouTube viewing geared towards “professional content.”