US EditionNetflix Is 'Saving Hollywood,' CEO Considers Going to the Theater 'An Outmoded Idea for Most People'
- Netflix co-CEO Ted Sarandos spoke Wednesday in New York at the Time100 Summit.
- His discussion addressed current challenges facing Hollywood, including declining production and dwindling box office numbers.
- Sarandos stated that the concept of making movies primarily for the communal theater experience feels outdated for most people.
- He argued the 45-day theatrical window is completely out of step with the consumer experience.
- Sarandos believes Netflix's consumer-focused approach and adaptation to viewing preferences are saving Hollywood.
19 Articles
19 Articles
Netflix CEO Says Movie Theater System Is "An Outdated Concept", Believes Streamer Is "Saving Hollywood"
Happy (Adam Sandler) updates his 'Happy Place' in Happy Gilmore 2 (2025), Netflix Ever the company’s biggest cheerleader, Netflix CEO Ted Sarandos believes that not only is the overall concept of ‘the movie theater experience’ completely outdated, but that the streaming giant’s disruption of traditional release norms is actually “saving” the Hollywood industry. Zack (Walter Emanuel Jones) suits up once more in Mighty Morphin Power Rangers: Once …
Netflix Co-CEO Ted Sarandos Says Movie Theaters Are An 'Outdated Concept'
Netflix has become one of the dominant content creators in Hollywood and the entertainment industry at large. It has worked with legendary filmmakers like Martin Scorcese, backed up-and-coming stars like Timothee Chalamet, and had Alfonso Cuaron win Best Director for "Roma" in 2019. But its co-CEO, Ted Sarandos, thinks that the model of making movies for movie theaters is "outdated," and that consumers prefer to watch movies at home.Sarandos' co…
Netflix CEO Declares Movie Theaters Obsolete, Claims Streaming Giant Is 'Saving Hollywood'
According to the c0-CEO of Netflix, movie theaters are going the way of the Dodo bird. At the TIME100 Summit, Netflix co-CEO Ted Sarandos made a headline-grabbing statement: "We're saving Hollywood." The post Netflix CEO Declares Movie Theaters Obsolete, Claims Streaming Giant Is ‘Saving Hollywood’ appeared first on That Park Place.
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