Ted Sarandos

I'd say that we've been very slow to recover from COVID.

I think we've had this kind of over the last decade or so, this kind of pull away from production in Los Angeles and a lot of the creative culture that is here because people are here creating, they're here making.

California has not been competitive for production.

not competitive with other states, not competitive with other countries.

Los Angeles is a very difficult, very expensive place to work if you're making a movie or making a TV show.

And I'm telling you that firsthand because we have 30 productions in California this year, mostly in LA.

I have a $200 million movie here that a big chunk of it is because we're doing it in LA that it costs that much.

And I think that whoever is going to be the next governor, whoever's gonna be the next mayor has got to invest in competing for production in California, please.

And more than that, in Los Angeles, you've got to streamline the systems.

If I get in a car to film a scene and drive from Venice to Beverly Hills to Los Angeles, which without traffic, you might be able to do in 25, 30 minutes, I need three different permits with three different schedules, three different fees, three different deadlines of when I have to file for them.

It's that times everything you do here.

And as an example of a counter example, we're investing, we're building a big studio in New Jersey.

They put up probably the best production incentive in the world, not in the country, in the world, and that pulled a lot of work back from international production back into the United States, kept jobs in America.

Our productions in the last 10 years have created 150,000 jobs.

So it's $325 billion of economic impact from our original productions, just Netflix.

So this is a real industry.

And being able to compete with those industries, as far as coming in and doing anything else at that scale, creating that kind of employment, having that kind of economic impact,

municipalities would be knocking each other out to get that business.

But in California, I think we probably just took it for granted that the crews were here, the talent was here, everything was here, and they let the infrastructure get pretty long in the tooth, and they let Georgia and other places get really good at crew building.

So you're not really taking a sacrifice to make it somewhere else.