Netflix Co-CEO Ted Sarandos: “Driving Folks to a Theater Is Just Not Our Business”

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The exec says the streamer is happy with its current model of making movies for its subscribers and that it doesn't intend to follow Amazon and Apple in embracing a traditional theatrical model.

to follow the lead of its rivals and embracing a traditional theatrical model as Amazon and Apple are doing.

“The film division is doing great,” Ted Sarandos said during an earnings call Tuesday. “Driving folks to a theater is just not our business. Having big new desirable content drives value for our members and drives value for our business. There are no major changes in play.” He also said that while it is tempting to make a comparison between services, those other rivals “simply” don’t have the same scale.

 

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That’s why I canceled Netflix and kept my Lyft app.

F*ck this.

Netflix was very smart by adding international content early on. They beat everyone else in content.

and miss out on the millions you can make at the box office? Alright…

Netflix is B-movie quality

👎

Nobody would drive to the theater to see their crappy low level 'cinema' anyway.

But at least release RebelMoon in theatre! 😭

Keeping TV shows that people like also isn't their business apparently.

Netflix single-handedly threw a curveball at other distribution models including the theatrical business and it still doesn’t seem to understand the long term implications.

Because they are comfortable taking profits from filmmakers on line.

Sarandon, this is why people hate you as much as everyone despises streaming nowadays.

There's nothing to watch on your crappy service

MichelArouca

haciendomovidas

johncampea

johncampea

If he believes that then he's a fool. It's been shown many times that a movie giving it theatrical exposure can bring in more attention to its service than movies that are just plopped into said service without a theatrical release. That's why they see no return in investment.

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