Ted Sarandos: Look, we’ve always found that we offer this content to our members in an unbelievable value on Netflix as of now. And then almost anywhere else we put it, there’s either a crossover and they otherwise have Netflix account or of a much smaller viewing base. So we’re — we think we’re taking the right course in terms of offering the content to our members and having it around even after its original run on Netflix. So the syndication market, home video markets that continue to exist today are kind of contracting in a way that isn’t too exciting to build up against versus this opportunity we have with please our members and thrill our members with our content all the way back through the history of our content and the opportunity, we’ve also seen things like when Extraction 2 just did so well for us this past quarter, Extraction 1 was popped right back up into the top 10.
We’ve seen that a lot with new seasons of shows when Queen Charlotte hit into top 10. Here comes Bridgerton 1 and 2. So it’s a really — it’s a very fluid way — at a very fluid and dynamic offering in that way. And it’s even better the deeper and richer that library becomes.
Ted Sarandos: Jessica, we have time for probably one last question.
Jessica Reif Ehrlich: Okay.
Ted Sarandos: You can make it two parts if you want, Jessica.
Jessica Reif Ehrlich: Okay. Well, can you talk a little bit about your life strategy, including sports experimentation. I mean there seems to be a lot going on in sports. I mean you supposedly outbid or reportedly outbid ESPN for [indiscernible] and NFL sports documentary. So maybe if you could include in live sports, that would be great.
Ted Sarandos: Look, it’s — our position in live sports remains unchanged. We’re super excited about the success of our sports adjacent programming. We just had it recently — just launched a great one called Quarterbacks with the NFL. A few months — a few weeks ago, we had TordeFrance, which did exactly what we saw with Drive to Survive, which is introduced to a brand new audience to a sport that’s been around for a really long time and not very well understood and you do that through exceptional storytelling, not through the liveness of the game. So — by doing that, we can now offer this wide variety of sports programming for sports fans that’s in season year round and it really leans on our strengths, which are storytelling.
So we’re really excited about that. And you read some of the experimental stuff that we’re going to be doing, like this live golf match in November. And we’re excited about that because it serves as a promotional vehicle for our sports brands like full swing and Drive to Survive. So we really think that we can have a really strong offering for sports fans on Netflix without having to be part of the difficulty of the economic model of live sports licensing.
Spencer Wang: Great. Well, thank you, Ted, for that answer. Thank you, Jessica, for your questions and thanks to the audience for tuning into the video interview and we look forward to speaking to you all next quarter. Thank you.
