Netflix (NFLX) exec Ted Sararndos defends the company against accusations that it's spending too...

|By:, SA News Editor

Netflix (NFLX) exec Ted Sararndos defends the company against accusations that it's spending too much in the hotly-contested U.K. video-on-demand market. Sarandos notes the company adopted the same policy in the U.S. in order to grab the rights for engaging online content and gain an edge.

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