Netflix co-CEO Ted Sarandos defended the streamer’s stance on theatrical – that is, mostly skipping it – assuring Wall Streeters on a quarterly earnings call Thursday that it’s good business.
“Look, I’m just going to reiterate, we are in the subscriptions streaming business, and you can see our results. It’s a pretty good business and it appeals to a very large segment of consumers and fans,” he said.
“Our top 10 films that premiere on Netflix all have over 100 million views, among the most watched films in the world. It’s our desire to connect keep adding value to our consumers for their subscription dollar. We believe that not making them wait for months to watch the movie that everyone’s talking about adds that value. So what we do for filmmakers is, we … bring them, the biggest audience in the world for their films, and then we
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