Designer Jony Ive and OpenAI’s Sam Altman Discuss AI Hardware ProjectRead more

Photo by Bloomberg. Art by Mike Sullivan.

Modern Media Companies Have a Delightful Problem to Solve

Photo: Photo by Bloomberg. Art by Mike Sullivan.

Sign up for Rosen’s newsletter, Parqor, part of The Information’s newsletter network.

Fifteen years after Netflix launched its streaming-video service, it now has gaming and advertising offerings, both built under the purview of Netflix Chief Product and Operating Officer Greg Peters, who has lately been elevated to co-CEO. Peters is currently the only CEO of a publicly owned media company who has actual, hands-on experience designing, building and managing streaming-media software, and his ascendance will do little to end the debate over whether Netflix is a technology company (how it sees itself) or a media and entertainment company (how Hollywood sees it).

As Netflix has been all too happy to point out in recent letters to shareholders, “it’s hard” and “not easy” for legacy media businesses to “build a large and profitable streaming business,” especially “given the accelerating decline of linear TV, which currently generates the bulk of their profit.” Its argument to Wall Street is effectively that launching a software-based streaming service requires 100% focus and is therefore too complicated for a legacy media company to execute. Ergo, Netflix will win by betting on the technology delivered by Peters and his team.

Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Former Apple design chief Jony Ive and OpenAI CEO Sam Altman. Photos by Getty.
Designer Jony Ive and OpenAI’s Sam Altman Discuss AI Hardware Project
Jony Ive, the renowned designer of the iPhone, and OpenAI CEO Sam Altman have been discussing building a new AI hardware device, according to two people familiar with the conversations.
From left to right: Blair Effron, Robert Pruzan and David Handler. Photos by Getty; Tidal Partners.
Exclusive Finance
Disputes, Employee Misconduct Rattle Centerview’s Silicon Valley Dreams
The San Francisco Bay Area–based bankers at Centerview Partners, the investment bank that advised Silicon Valley Bank’s owner and Credit Suisse through recent turmoil, got two doses of bad news last week.
Art by Clark Miller
Exclusive startups entertainment
MasterClass Takes a Crash Course in Frugality
MasterClass had a problem with the shoot featuring its latest star instructor, Walt Disney Co. CEO Bob Iger.
OpenAI CEO Sam Altman and Microsoft CEO Satya Nadella. Photos via Getty
Exclusive microsoft ai
How Microsoft is Trying to Lessen Its Addiction to OpenAI as AI Costs Soar
Microsoft’s push to put artificial intelligence into its software has hinged almost entirely on OpenAI , the startup Microsoft funded in exchange for the right to use its cutting-edge technology.
Art by Clark Miller
The Big Read policy
Europe Has Figured Out How to Tame Big Tech. Can the U.S. Learn Its Tricks?
Late last month in Belgium, Sen. Elizabeth Warren (D-Mass.) had a pressing question for Paul Tang, a Dutch politician and member of the European Parliament.
If AI researchers can meet Nat Friedman's Vesuvius Challenge, “It’ll be the first time we’ve read handwriting that hasn’t been seen in 2,000 years.” Art by Clark Miller
The AI Age culture ai
Nat Versus the Volcano: Can an AI Investor Solve an Ancient Mystery from the Ashes of Vesuvius?
Long before men’s daily thoughts about ancient Rome became a TikTok meme , former GitHub CEO Nat Friedman’s mind was regularly turning toward the Roman Empire.