No news is coming to Netflix, and that’s good news as far as company co-founder Reed Hastings is concerned.
When asked at Tuesday’s DealBook conference if live newscasts will ever come to his streaming platform, Hastings replied: “You don’t want to invest in things that are dying.”
That drew laughs and some good-natured groans from the crowd. Hastings added: “The 6 p.m. newscast: that thing’s going away.”
Hastings also said that he can’t foresee his company offering live sporting events in the future. He did tout the $5 billion his company is set to invest next year in original programming.
A bit earlier in the longform interview, Hastings doubled-down on remarks colleague Ted Sarandos made weeks ago that contrasted the idea of too-much TV — a concept that FX boss John Landgraf expressed at this summer’s Television Critics Association press tour.
“He’s wrong, there’s not nearly enough,” Hastings said today.
“There’s a lot more food than ever before,” he continued. “We have a lot of choice, but if you do great content, you’re going to find viewers.”
Watch the video above.