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Ted Sarandos Says Theatrical Experience Is “An Outmoded Idea For Most People;” Claims Netflix Is “Saving Hollywood”
"What is the consumer trying to tell us?" Sarandos asked. He then answered his own question: "That they'd like to watch movies at home."
Ted SarandosJemal Countess/Getty Images for TIME Asked today if — amid shrinking theatrical windows, sagging box office receipts and production fleeing L.A. — Netflix has destroyed Hollywood, the company’s co-CEO Ted Sarandos replied, “No, we’re saving Hollywood.” Referring to declining box office he asked rhetorically, “What is the consumer trying to tell us?” He then answered his own question: “That they’d like to watch movies at home.” Of the communal aspect of theatrical moviegoing, the Netflix honcho admitted he loved theaters but said of the experience, “I believe it is an outmoded idea, for most people — not for everybody.”
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