Netflix Pledges To Spend Subscribers’ Money “Wisely”, Respect “Artistic Expression” In Newly Revised Version Of Its Fabled Culture Deck

NetflixThe “Culture Deck” over the years on the importance of Magna Carta in the technology and business spheres has received some updates that show that streaming Vishal’s current circumstances.

The document, which is based on the Powerpoint deck created by the co-founder and co-CEO reed hastingsProvides teachings that guide employee priorities and the overall vision of the company. It has been publicly posted over the years, revised at various intervals, and has garnered over 20 million views. Its section titles (“Highly Aligned, Loosely Coupled,” “Disagree Then Commit”) echo some of the pillars of the company’s uniquely articulated culture. Hastings elaborated on many of those principles in his 2020 book, no rules no rules,

In a section titled “Decisions,” a new bullet point is written in the imperative tense: “You spend our members’ money wisely.” At the current level of an estimated $20 billion in 2022, Netflix’s material cost The company is under strict scrutiny after the company reported its first customer decline in more than a decade in the first quarter and indicated higher losses in the current quarter. More than two-thirds of its market value has disappeared in the past six months. While the company is unlikely to cut its spending radically, management has signaled a renewed commitment to slashing the fat and some shows and staff have already been cut loose as the process begins.

Another newly updated section, “Artistic Expression”, indirectly references recent controversies over titles such as Dear either Dave Chappellecomedy special near, Later, released last fall, it sparked a fierce backlash and mass walkouts by staff upset by the chapel’s pervasiveness against transgender people. Netflix resisted calls to remove the special from its service.

“Entertaining the world is an amazing opportunity and also a challenge because audiences have so many different tastes and perspectives,” the section says. The document states that ratings, content warnings and parental controls are all tools intended to help customers avoid content that may disturb them.

“Not everyone will like or agree on everything on our service,” it continues. “While every title is different, we approach them based on the same set of principles: we support the artistic expression of the creators we choose to work with; we program for a diversity of audiences and tastes. ; and we let viewers decide what’s appropriate for them, versus Netflix censors specific cast or voices.”

variety First reported on the update of the document.