Ted Sarandos Is ‘Surprised It Took Everyone This Long’ to Challenge Netflix in Streaming

“This is why we made ‘House of Cards’ seven years ago,” Netflix chief content officer tells Katie Couric during Vanity Fair’s New Establishment Summit

The streaming space is heating up, with four major companies launching their own services in the next six months. Netflix’s chief creative officer Ted Sarandos is amazed they haven’t faced this kind of competition sooner.

“I was surprised it took everyone this long,” Sarandos told Katie Couric on Wednesday during the Vanity Fair New Establishment Summit in Beverly Hills. “This is why we made ‘House of Cards’ 7 years ago. I said, ‘Someday, these guys are not going to sell us their programming, we better get good at it.'”

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Tim Baysinger

Tim Baysinger

TV Reporter • tim.baysinger@thewrap.com • Twitter: @tim_bays