Netflix Inc co-Chief Executive Ted Sarandos on Tuesday said he has yet to see a path to profitability in live sports on the streaming service.
Ted Sarandos, Chief Content Officer and Co-Chief Executive Officer of Netflix, attends a premiere for the film "The School for Good and Evil" in Los Angeles, California, U.S. October 18, 2022. REUTERS/Mario Anzuoni/File Photoco-Chief Executive Ted Sarandos on Tuesday said he has yet to see a path to profitability in live sports on the streaming service.
"We've not seen a profit path to renting big sports today," Sarandos told the UBS Global TMT conference.
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