Netflix CEO Declares Movie Theaters Obsolete, Claims Streaming Giant Is ‘Saving Hollywood’

According to the c0-CEO of Netflix, movie theaters are going the way of the Dodo bird.

At the TIME100 Summit, I, as a passionate cinephile, found myself captivated by the bold proclamation made by Netflix co-CEO, Ted Sarandos. He declared that we, the revolutionary streaming service, are redefining the traditional Hollywood landscape and making a significant impact on it, essentially stating, “We’re shaking up Tinseltown.