House of Cards gamble: Netflix founder spent $100M on series; what Co-CEO said
Netflix co-CEO Ted Sarandos revealed he once greenlit two seasons of 'House of Cards' for $100 million without founder Reed Hastings' approval. This bold move, a calculated risk, transformed Netflix from a DVD service into a streaming content leader. Sarandos credits this experience for shaping his leadership style, emphasizing trust in talented teams.
Netflix co-CEO Ted Sarandos revealed he once greenlit two seasons of 'House of Cards' for $100 million without founder Reed Hastings' approval. This bold move, a calculated risk, transformed Netflix from a DVD service into a streaming content leader. Sarandos credits this experience for shaping his leadership style, emphasizing trust in talented teams.
