Netflix CEO Ted Sarandos Trashes Movie Theatre Model

Netflix is no doubt on top of the streaming game when it comes to shows and movies, but the CEO of Netflix is out here taking shots at the places that play them. In a recent interview, Netflix co-CEO Ted Sarandos was asked if Netflix had “destroyed Hollywood.” Sarandos responded by stating, “No, we’re saving Hollywood.” The conversation took place at the Time100 Summit in New York, where Sarandos discussed Netflix’s impact on Hollywood amidst declining box office numbers and changes in consumer behavior. He insists he loves movie theaters, but their decline doesn’t “bother” him. He would only be bothered if “people stop making great movies.”