Netflix content chief Ted Sarandos told film and TV executives big budget projects must be more cost-effective, The Information reported.
Netflix is notorious for its massive content spend, but it has said it expects cash burn to peak in 2019.
The reported messaging marks a shift in Netflix’s strategy, which has previously justified lower viewership numbers for some content with buzz and credibility.
In the first quarter, Netflix had $4.5 billion in revenue, $344 million in profits and 6.96 billion in debt.
h/t Marky