The CEO of Netflix Ted Sarandos has triggered a global discussion following a remarkable comment made during a recent TIME Quad Show Magazine. When TIME Sam Jacobs, editor -in -chief, asked if Netflix He had “destroyed Hollywood”, Sarandos did not hesitate with his answer: “In fact, we saved Hollywood.”
Ted Sarandos declares “We saved Hollywood” during the time interview
By expanding his statement, Sarandos explained, “We provide programs in the way the spectators want them.” Highlighting how the streaming giant has become an anchor of salvation for those who live in rural areas with limited access to cinemas.
When asked if the production of films exclusively for cinemas is a relic of the past, he recognized Sarandos, “For most people, it could be obsolete, but I don’t think it applies to everyone.” He noticed Netflix’s The acquisition of the latest single screen cinema of Manhattan in 2019 as an example of its faceted strategy that does not entirely reject traditional models.
In the same interview, Sarandos touched broader issues in the sector, including the impact of global commercial policy. Reflecting on the commercial tensions that started under the former president Donald Trump, he said, “In commercial agreements, the entertainment industry is often left behind.”
He developed that even before the current wave of commercial wars, entertainment was often excluded from the benefits of free trade agreements. “The entertainment industry is often not treated as a real deal”, He added, mentioning the need for greater formal recognition on the global economic phase.
Global praise, local concerns: what does it mean for Korean cinema?
NetflixWhich now serves over 300 million paid members in 190 countries, has remodeled the entertainment sector by offering a vast standard library, films and even games in multiple languages. Despite his success, Sarandos’ observations triggered conflicting reactions, especially in the regions in which traditional cinema remains vital for cultural identity and economic stability.
South Korea, a country with a recognized and flourishing film industry globally, is at a crossroads. While Netflix He played a key role in raising Korean content to a world audience, local and industry filmmakers in the sector express concern for the maintenance of the integrity and sustainability of Korea’s cinematographic traditions in the face of an overwhelming domain of global streaming.
Sarandos’ influence has been cemented again as it was appointed The 100 most influential people of the time of 2025 – An honor that he also received in 2013. His latest observations, however, make more than highlighting Netflix’s dominance; They challenge the regional film industries to rethink their strategies in an increasingly digital and globalized entertainment era.
