Netflix’s Ted Sarandos Says Theatrical Experience Is “An Outmoded Idea”
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Asked today if — amid shrinking theatrical windows, sagging box office receipts and production fleeing L.A. —Netflix has destroyed Hollywood, the company’s co-CEO Ted Sarandos replied, “No, we’re saving Hollywood.”
Sarandos made the remarks at the TIME100 Summit. He went on to describe Netflix as “a very consumer-focused company. We deliver the program to you in a way you want to watch it.”
Referring to declining box office he asked rhetorically, “What is the consumer trying to
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