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Ted Sarandos says Netflix will commit to 45-day theatrical releases [Verge, The]

Netflix, Inc. (NFLX)  More Company Research Source: Verge, The
Last netflix, inc. earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
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 [Read more]
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Stockreport

Ted Sarandos says Netflix will commit to 45-day theatrical releases [Verge, The]

Netflix, Inc.  (NFLX) 
More Company Research Source: Verge, The
Last netflix, inc. earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
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 [Read more]
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NFLX
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Price Change %
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%
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Performance comparison Updated
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Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
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MAX UP
High:
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MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
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%
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%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS