On this episode of Leaders Playbook,

Inside Netflix, one of the world's leading entertainment services with over 300 million paid memberships.

There's such fandom around these shows.

Meet the leaders behind the shows you binge.

If we would have said we were trying to make a global sensation, we would have failed at it for sure.

See how their business decisions changed what you watch and how you watch it.

The decision to make originals, it was actually probably an existential decision.

Learn how two of the world's top executives think about taking risks with billions on the line.

Don't be afraid. There's a lot of trial and error in this business.

I care so much about how do you surprise the audience.

And why they've empowered teams across 50 countries to make critical decisions on their own.

Pick the best people, give them the tools to do the best work of their life, and get out of their way.

Leaders Playbook, Netflix, starts now. I'm meeting up with Netflix co-CEO Ted Sarandos in a location that might seem surprising for the head of a streaming company, an old school movie theater.

Despite the fact that Netflix disrupted the movie industry,

Sarandos is a huge fan of the cinema. He led Netflix's effort to buy and renovate the iconic

Egyptian theater where Netflix hosts movie premieres. It must have been so profound for you to buy

this theater. Oh yeah. Over a hundred years ago, the very first Hollywood premiere was in this building.

I'm here to discover how he's evolved as a leader from his first job as a video store clerk

in Arizona into one of the biggest hit makers on the planet.

You created Netflix's current strategy of investing in original content.

Netflix will spend $18 billion on original content this year. And this

started back in the 2010s when Netflix started losing some key licensing deals with the studios.

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