Tyler Perry and Netflix's Ted Sarandos: Amplify the untapped audience
Masters of Scale
WaitWhat
4.6 • 4.4K Ratings
🗓️ 13 June 2023
⏱️ 30 minutes
🧾️ Download transcript
Summary
To achieve true cultural impact, follow authentic storytelling and spot untapped consumer needs. Recorded live at the Masters of Scale Summit in San Francisco, filmmaker and entrepreneur Tyler Perry and Netflix’s co-CEO Ted Sarandos talk with host Reid Hoffman about redefining culture, evaluating the playing field, and ignoring conventional wisdom. Sarandos explains how scaling the personal touch of curation and taking risks evolved Netflix into a streaming juggernaut. Perry shares insights about the importance of ownership and how creating his own seat at the table spawned the largest film production company in the U.S.
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Transcript
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| 0:00.0 | My father was a subcontractor in the build houses. He would come home every week and he'd |
| 0:08.0 | make $800. But I'd watch the man who owned the house sell it for $80,000. I always wanted |
| 0:15.3 | to be the man who owned the house. If this doesn't work, we will have terribly overpaid |
| 0:23.0 | for one title on Netflix. But if it does work, we could fundamentally change the direction |
| 0:28.9 | of the business. |
| 0:36.4 | Those are the voices of entertainment giant Tyler Perry and Netflix co-CEO Ted Surandos. |
| 0:42.5 | I'm Reid Hoffman, Partner Greylock, co-founder of LinkedIn and host of Masters of Scale. And |
| 0:47.7 | we have a very special episode for you today, all about cultural impact. I had the pleasure |
| 0:53.2 | not long ago of sitting down and speaking with Tyler and Ted, both of whom are extraordinary |
| 0:58.0 | scale leaders. Each has helped create enormously successful businesses and in the process redefined |
| 1:04.4 | our culture. For Ted Surandos, the journey to on-demand movie streaming began as a video |
| 1:10.7 | store clerk, where his recommendation algorithm came from his own movie watching. As he said, |
| 1:16.5 | Tyler Perry's quest to tell stories to people who look like him now includes the largest film |
| 1:21.4 | production studio in the United States. Our conversation which took place live at the |
| 1:27.0 | Masters of Scale Summit in San Francisco illuminates key lessons of scale and the broad impact |
| 1:32.2 | that entrepreneurship can have. It's also about seeing beyond conventional wisdom, learning |
| 1:37.9 | from your team and expanding your customer base. Tyler and Ted have done more than tap |
| 1:43.7 | into culture. They have each in their own way helped create new trends that have redefined |
| 1:49.3 | it. Stay tuned for my conversation with Ted Surandos and Tyler Perry. |
| 1:57.0 | We'll start the show in a moment. Afterward from our premier brand partner, Capital One |
| 2:09.7 | Business. So we go and we get a small trade show with we've got people waiting to place |
| 2:17.1 | their order and one of those really loud guys. You see the people in the airport that |
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