New York Times: Attention cable cord-cutters: Do not expect to see live sports or evening newscasts on Netflix anytime soon. When asked whether Netflix would ever create a live evening newscast, CEO Reed Hastings responded: “You don’t want to invest in things that are dying.” He also said that he did not see a day when the site would offer live sporting events. Hastings said the company would spend $5 billion next year on content and the focus would continue to be original shows.