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00:03Netflix discussed its shift toward a multi-dimensional entertainment platform
00:06during its fourth quarter earnings call on Tuesday, according to Benzinga.
00:11Co-CEO Ted Sarandos said the pending Warner Brothers Discovery acquisition
00:16is a strategic accelerant and called HBO a complimentary service as the deal undergoes
00:22regulatory review. Executives said Netflix is moving away from total viewing hours toward
00:28measuring quality of engagement, with co-CEO Greg Peters highlighting the value of live
00:34programming for members and advertisers. Netflix has executed more than 200 live events
00:39and plans global expansions, including the World Baseball Classic in Japan.
00:44The company is launching video podcasts, scaling a cloud-first gaming strategy,
00:48and targeting 2026 revenue of $51 billion, including about $3 billion in ad revenue.
00:56Shares were down by 2.18% at $85.36 on Wednesday's close, according to Benzinga Pro.
01:04For all things money, visit Benzinga.com.
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