Get the latest gossip
Ted Sarandos Defends Netflix’s Tough Stance On Theatrical Releasing: “We Are In The Subscription Streaming Business, And You Can See Our Results”
Netflix co-CEO Ted Sarandos defended the streamers stance on theatrical – that is, skipping it – assuring Wall Streeters on a quarterly earnings call that it’s good business.
Ted Sarandos, Netflix co-CEOGetty Images Netflix co-CEO Ted Sarandos defended the streamer’s stance on theatrical – that is, mostly skipping it – assuring Wall Streeters on a quarterly earnings call that it’s good business. It’s a pretty good business and it appeals to a very large segment of consumers and fans,” he said. His response was to a question from LightShed analyst Rich Greenfield, who was gently mocked for asking if it’s possible for films to “pierce the cultural zeitgeist without a theatrical release.”
Or read this on Deadline