Business Standard

Here are five things Netflix can do to eventually stop losing money

Buzzy original thrillers like "Bird Box," or choose-your-own-adventure gambits like "Bandersnatch" aren't cheap. And as Netflix's public profile has climbed, so have its losses

Netflix
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Photo: Reuters

Bloomberg San Francisco
While you spent the holidays streaming “Bird Box,” “Black Mirror: Bandersnatch” and/or re-watching “The Office” for the hundredth time, Netflix was playing out a corporate drama of its own—poaching Activision Blizzard Chief Financial Officer Spencer Neumann to be its new CFO.

Just before the news emerged, Activision abruptly announced that it would fire Neumann, who had agreed to a provision that barred him from negotiating for a new job until the last six months of his contract. It was a clear sign that Neumann wasn’t willing to pass up a chance to work at Netflix, this era’s preeminent high-flying, money-burning media

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