Ted Sarandos says Netflix will commit to 45-day theatrical releases [Verge, The]
Netflix, Inc. (NFLX)
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Source: Verge, The
Discovery has prompted concerns about how the deal might hurt the movie theater business, the streamer's co-CEO says that there is nothing to worry about. In a new interview with The New York Times Netflix co-CEO Ted Sarandos said that, should the WBD acquisition go through, the streamer will commit to 45-day theatrical release windows for the legacy studio's upcoming releases. Sarandos insisted that Netflix has no intentions of disrupting “a theatrical distribution engine that is phenomenal and produces billions of dollars,” and that believes there is value in the movie theater experience. “I'm giving you a hard number,” Sarandos said. “If we're going to be in the theatrical business, and we are, we're competitive people — we want to win. I want to win opening weekend. I want to win box office.” Though Sarandos previously said that Netflix's plan was always to continue with “traditional” release windows, the streamer had not publicly commented on exactly how many days it planne
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