Netflix sees itself as publishing's partner

Netflix, Wischenbart pointed out, spent in excess of $10 billion on content development every year - the global revenue of Penguin Random House is about $3.5bn. Luegenbiehl said: "We look at the publishers and editors as partners, that is the best word. For us, the more collaboration the better. Our goal is to bring books to life on the screen in a way it has not been done before."