Netflix CEO Ted Sarandos on company’s contribution to US economy: ‘People forget this…’

Netflix co-CEO Ted Sarandos recently claimed that the streaming giant contributed $125 billion to the US economy between 2020 and 2024. Last month, while revealing this detail at Semafor’s World Economy Summit, Sarandos said: “Netflix alone, I think, from 2020 through 2024 contributed $125 billion to the U.S. economy.” This massive impact stems not only from subscriber revenue but from the company’s extensive production and employment footprint across America. According to Netflix’s official blog, that $125 billion infusion included over 900 productions and 140,000 jobs spanning all 50 states. The streamer directly employs 9,000 US-based staff and occupies five million square feet of studio and office space, most of it concentrated in California.