Is the Year of Paid Parental Leave Recently Announced by Netflix A Sustainable Policy?

As reported by People Management Magazine, American firm Netflix has committed to a year of paid maternity or paternity leave for employees following the birth or adoption of a child.

You can read the article here. But can this policy be sustainable? Is it fair and is Netflix truly able to offer this benefit to all levels of employee in the firm? Is it a policy that all employers should offer and will it achieve the desired results of increasing engagement and retaining talent? Tell us your opinion.