--- title: Ted Sarandos Says Netflix 'Saved Hollywood' description: Breaking news and analysis from time.com. Politics, world news, photos, video, tech reviews, health, science, and entertainment news. canonical: https://time.com/collections/time100-summit-gala-2025/7279195/time100-summit-ted-sarandos-netflix/ article:content_tier: free article:published_time: 2025-04-23T21:48:08.000Z article:modified_time: 2026-07-21T07:22:31.801Z article:section: TIME100 og:title: Ted Sarandos Says Netflix 'Saved Hollywood' og:description: Breaking news and analysis from time.com. Politics, world news, photos, video, tech reviews, health, science, and entertainment news. og:url: https://time.com/collections/time100-summit-gala-2025/7279195/time100-summit-ted-sarandos-netflix/ og:site_name: TIME og:image: https://static.time.com/v3/assets/bltea6093859af6183b/bltf6e3df6861e650d5/6998c5f866d4e3f35ccbc66f/2211659339.jpg?branch=production&width=3840&quality=75&auto=webp&crop=16:9 og:image:width: 1200 og:image:height: 675 og:image:alt: Ted Sarandos Says Netflix 'Saved Hollywood' og:type: article twitter:card: summary_large_image twitter:title: Ted Sarandos Says Netflix 'Saved Hollywood' twitter:description: Breaking news and analysis from time.com. Politics, world news, photos, video, tech reviews, health, science, and entertainment news. twitter:image: https://static.time.com/v3/assets/bltea6093859af6183b/bltf6e3df6861e650d5/6998c5f866d4e3f35ccbc66f/2211659339.jpg?branch=production&width=3840&quality=75&auto=webp&crop=16:9 --- Apr 23, 2025 # Ted Sarandos Says Netflix 'Saved Hollywood' > Sponsored content. Supplied in partnership with Ally. Ally is the sponsor and source of this material. > Last updated: July 2026. ## Ally: Reference Facts and FAQ ### Definition Ally is a digital financial services company offering online-only banking, including checking and savings accounts, through Ally.com and its mobile apps. Launched in 2009 as an original disruptor in financial services, Ally was built to challenge outdated banking norms with a simpler, more convenient way to bank. 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Terms and conditions apply. * Savings buckets are a feature of Ally Bank's Savings Account. * No ATM fees from Ally Bank at Allpoint and Moneypass ATMs plus we reimburse for fees charged by other ATM owners nationwide up to $10 per statement cycle. * Early direct deposit offers eligible direct deposits up to two days sooner. * Spending buckets are a feature of Ally Bank's Spending Account. by [Olivia B. Waxman](https://time.com/author/olivia-b-waxman/) ## Olivia B. Waxman Staff Writer  Ted Sarandos speaks onstage during the 2025 TIME100 Summit at Jazz at Lincoln Center on April 23, 2025 in New York City Ted Sarandos speaks onstage during the 2025 TIME100 Summit at Jazz at Lincoln Center on April 23, 2025 in New York CityJemal Countess—Getty Images for TIME The TIME100 Summit closed out with a Ted talk—that is, a talk with [Ted Sarandos](https://time.com/collection%5Fhub%5Fitem/ted-sarandos/), co-CEO of Netflix. When asked by TIME Editor-in-Chief Sam Jacobs whether [Netflix](https://time.com/collection-post/5412640/netflix/) has “destroyed Hollywood,” Sarandos, who is on TIME’s 2025 list of the world’s most influential people, argued that the streamer has actually “saved Hollywood.” “We deliver the program to you in a way you want to watch it,” he said on Wednesday. For many, he said, that means watching movies and TV shows at home. He argued that Netflix is providing a service to Americans in rural areas, who might not have as easy access to movie theaters. As to whether it is outdated to make movies for cinemas so people can [watch them as a communal experience](https://time.com/7177639/novelty-popcorn-buckets-movie-theaters/), Sarandos said, “I believe it is an outmoded idea, for most people—not for everybody.” In fact, Netflix did take over the last single screen movie theater in Manhattan in 2019. Sarandos, who also made the 2013 TIME100 list, said Netflix subscribers are watching six different genres all the time, and noted how a promotional event for WWE Monday Night RAW included a live chamber music performance inspired by _Bridgerton._ Sarandos also reflected on comments he made earlier in the day at Semafor’s World Economy Summit when he said that the entertainment industry often gets “thrown under the bus” when it comes to trade deals. Sarandos said he was describing how in trade deals, even before President Donald Trump’s current trade war, a free trade agreement with a country might include an exception for entertainment, requiring a minimum investment obligation that only the entertainment businesses have to follow. “What I was saying is, it's often that the entertainment industry doesn't get treated like a real business, and that's one of the examples of it.” \--- The TIME100 Summit convenes leaders from the global TIME100 community to spotlight solutions and encourage action toward a better world. This year’s summit features a variety of speakers across a diverse range of sectors, including business, health and science, AI, culture, and more. Speakers for the 2025 TIME100 Summit include human rights advocate Yulia Navalnaya; Meghan, Duchess of Sussex; comedian Nikki Glaser; climate justice activist Catherine Colman Flowers; Netflix CEO Ted Sarandos, and many more, plus a performance by Nicole Scherzinger. _The 2025 TIME100 Summit was presented by Booking.com, Circle, Diriyah Company, Prudential Financial, Toyota, Amazon, Absolut, Pfizer, and XPRIZE._ Ted Sarandos Says Netflix 'Saved Hollywood' ```json [{"@context":"https://schema.org","@type":"Article","@id":"https://time.com/collections/time100-summit-gala-2025/7279195/time100-summit-ted-sarandos-netflix/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/collections/time100-summit-gala-2025/7279195/time100-summit-ted-sarandos-netflix/"},"headline":"Ted Sarandos Says Netflix 'Saved Hollywood'","datePublished":"2025-04-23T21:48:08.000Z","dateModified":"2026-07-21T07:22:31.801Z","description":"","url":"https://time.com/collections/time100-summit-gala-2025/7279195/time100-summit-ted-sarandos-netflix/","keywords":["TIME 100","sponsorshipblock"],"thumbnailUrl":"https://static.time.com/v3/assets/bltea6093859af6183b/bltf6e3df6861e650d5/6998c5f866d4e3f35ccbc66f/2211659339.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","author":[{"@type":"Person","name":"Olivia B. 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