NetflixCEO Ted Sarandos argues that their model is “saving Hollywood.”

In 2013, the platform transitioned to exhibiting original content with theTV seriesHouse of Cards.

Two years later, the platform entered the original film space, releasing the critically acclaimedBeasts of No Nation.

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PerDeadline, Sarandos stated that Netflix is “saving Hollywood.”

Check out the full quote from Sarandos below:

No, were saving Hollywood.

[Netflix is] a very consumer-focused company.

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We deliver the program to you in a way you want to watch it.

What is the consumer trying to tell us?

That theyd like to watch movies at home.

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I believe it [the theatrical release] is an outmoded idea, for most people not for everybody.

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