Netflix, Inc. (NFLX): 21 Revelations From This Just-Released, Mammoth Document

Page 9 of 18

On how it’s retooling its library: “As we’ve gained experience, we’ve realized that the 20th documentary about the financial crisis will mostly just take away viewing from the other 19 such docs, and instead of trying to have everything, we should strive to have the best in each category. As such, we are actively curating our service rather than carrying as many titles as we can.”

-Netflix Long Term View, page 5

Page 9 of 18