Netflix CEO Ted Sarandos says company is ‘saving Hollywood’

Netflix CEO Ted Sarandos has claimed that the streaming giant is “saving Hollywood.” Talking at the TIME100 Summit, Sarandos said that he was asked if his company is destroying Hollywood amid issues like shrinking theatrical windows and sagging box office receipts, he said, “No, we’re saving Hollywood.” Sarandos countered these accusations by saying Netflix is “a very consumer-focused company. We deliver the program to you in a way you want to watch it.”

What Netflix CEO said about the movie theatre experience