How does Netflix view the theatrical movie business and its role in the entertainment ecosystem?
Replied byTed Sarandos
Co-CEO at Netflix
Niche: Technology
Revenue: Approx. 3.75 Billion USD/month
Location: Los Gatos, California, United States
Started: 1997
We do not view theatrical releases as competition. It is a rich, beautiful ecosystem. Our data shows that people who watch movies on Netflix are also the ones who love going to the theater. A strong theater industry strengthens the relationship consumers have with cinema, which benefits us all.
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