The $11.7 billion Netflix Inc reaches 125 million subscribers across 190 countries. It is among the world’s largest subscription-driven streaming services. Over the years, Netflix has also morphed into a studio, which commissions (for the global market) dramas and films such as Narcos and Okja. Its first Indian series, the gritty crime drama, Sacred Games will release on July 6. In 2017, Netflix had a $6 billion budget for content, which went up to $8 billion this year. Vanita Kohli-Khandekar spoke to Netflix’s Chief Content Officer Ted Sarandos, the man who decides how this money will be spent. Edited excerpts: