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Netflix CEO Calls Movie Theaters 'Outdated,' Sparks Backlash

5/8/2025

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Summary

Story summary

Ted Sarandos, co-CEO of Netflix, boldly labeled the traditional movie theater experience as outdated, claiming it caters primarily to East Coast elites. This sparked backlash from critics who argue that many still cherish the cinematic experience. With streaming on the rise and theater attendance dwindling, Sarandos's remarks underscore a pivotal moment in the industry's evolution.

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Story summary

Ted Sarandos, co-CEO of Netflix, boldly labeled the traditional movie theater experience as outdated, claiming it caters primarily to East Coast elites. This sparked backlash from critics who argue that many still cherish the cinematic experience. With streaming on the rise and theater attendance dwindling, Sarandos's remarks underscore a pivotal moment in the industry's evolution.