Netflix Pledges to Spend Subscribers’ Money “Smartly” in Revised Version of Legendary Cultural Deck

Netflix’s great “cultural platform”, which has taken on the meaning of Magna Carta in the tech and business circles over the years, has received several updates reflecting the streaming giant’s current circumstances.

Based on the PowerPoint platform created by co-founder and CEO Reed Hastings, the document lays out employee priorities and the principles that guide the company’s overall approach. It has been made public, periodically reviewed, and viewed more than 20 million times over the years. Chapter titles (“Highly Tailored, Loosely Matched,” “Accept, Then Compromise”) reflect some pillars of the company’s uniquely expressed culture. Hastings discussed many of these principles in his 2020 book. rules without rules.

In the section titled “Provision”, a new paragraph has been created with the imperative mood: “You are spending our members’ money wisely”. At current levels estimated at $20 billion in 2022, Netflix’s content costs are under tight control after the company announced its first subscriber decline in more than a decade in the first quarter and reported further losses in the quarter. More than two-thirds of its market value has been lost in the last six months. While the company is unlikely to cut costs, management has made a new commitment to oil reduction, and some demonstrations and staff have already been laid off when the process begins.

Another recently updated section, “Art Expression,” implicitly points to recent controversies such as: beauties Or the Dave Chapel Comedy Special closer. The latest, which appeared last fall, sparked a fierce backlash and widespread outcry from staff enthusiastic about the transgender chapel. Netflix has resisted calls to decommission the riot police.

“Entertaining the world is an incredible opportunity and also a challenge, because audiences have different tastes and perspectives,” the episode says. Ratings, content alerts, and parental controls are tools designed to help subscribers avoid content that might offend them, according to the document.

“Not everyone will love or accept our service,” he said. “While all titles are different, we apply them according to the same principles: we support the artistic expression of the creators we choose to work with; We program for a variety of audiences and tastes; We also give viewers the right to decide for themselves what’s best for them, without specific Netflix artists or audio censorship.”

variation It was first reported that the document was renewed.