Netflix co-CEO Ted Sarandos has reitrated that the company is "not changing our compensation structure."

"We like our model, and talent likes our model," the co-CEO added during the streamer's quaterly earnings call.

"It's so much more impactful for our business if we can make our films, our shows, just a little bit better, so much more impactful than making them a little bit cheaper," Sarandos said. "Bela said this very clearly a couple of weeks ago to the talent agencies, we're not changing our compensation structure, paying upfront, something that Netflix actually pioneered, benefits creators, and it benefits Netflix."

"So for creators, Netflix takes all the financial risks so that they can focus on making the best possible version of what they're working on. And for Netflix, that model enables us to attract the best talent in the world," Sarandos continued.