Netflix CEO Ted Sarandos says streaming giant is ‘saving Hollywood’ amid industry challenges

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Netflix’s CEO, Ted Sarandos, has sparked a fresh debate after defending the platform’s impact on Hollywood. Speaking at the TIME100 Summit, Sarandos said Netflix is not “destroying Hollywood” as some critics suggest, but rather “saving Hollywood”.Responding to concerns over shrinking theatre windows and sagging box office collections, Sarandos said, “No, we’re saving Hollywood.”

He added, “Netflix is a very consumer-focussed company. We really do care that we deliver the program to you in a way you want to watch it. What does that say? What is…



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Netflix CEO Ted Sarandos says streaming giant is ‘saving Hollywood’ amid industry challenges


Netflix’s CEO, Ted Sarandos, has sparked a fresh debate after defending the platform’s impact on Hollywood. Speaking at the TIME100 Summit, Sarandos said Netflix is not “destroying Hollywood” as some critics suggest, but rather “saving Hollywood”.Responding to concerns over shrinking theatre windows and sagging box office collections, Sarandos said, “No, we’re saving Hollywood.”

He added, “Netflix is a very consumer-focussed company. We really do care that we deliver the program to you in a way you want to watch it. What does that say? What is…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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