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Netflix’s Ted Sarandos Addresses ‘Outdated’ Comment, Highlights $2 Billion Economic Impact in India at WAVES Summit
Netflix co-CEO Ted Sarandos clarifies theatrical stance at Mumbai summit, reveals streaming's economic contributions across India.
In a wide-ranging fireside chat with Bollywood star Saif Ali Khan at Mumbai’s World Audio Visual & Entertainment Summit ( WAVES) conference, Netflix co-CEO Ted Sarandos said that theatrical distribution and streaming can successfully coexist, particularly in India’s “fan-centric” entertainment ecosystem. “I think in India, it’s probably one of the more fan-centric places that enables this to happen, because they don’t get into these debates necessarily about how long the windows need to be,” Sarandos added, addressing the often contentious relationship between theaters and streaming platforms. Sarandos revealed that since 2021, Netflix’s productions in India have created $2 billion in economic impact and generated 20,000 cast and crew jobs across 90 different cities throughout the country.
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