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Netflix chief Ted Sarandos says cinemagoing is ‘outmoded’ and the streamer is ‘saving Hollywood’
The executive told business summit that most people no longer want cinemas and ‘we deliver the programme to you in a way you want to watch it’
Speaking at the TIME100 summit in New York on Wednesday, Sarandos said Netflix was providing a much-needed service to those people – for instance in rural areas – who are keen to see films, but without the means of going to a cinema. In 2019, Netflix took over the last single-screen movie theatre in Manhattan, but since the pandemic, the streamer’s primacy has accelerated – although a much-coveted best picture Oscar still eludes the company. Earlier this month China announced it will further curb the number of US films allowed to screen in the country, in response to Trump’s imposition of heavy tariffs on Chinese imports.
Or read this on The Guardian
