Netflix co-CEO Ted Sarandos, while speaking at a Time 100 event, was asked if Netflix is destroying Hollywood. His reply? The streaming giant is, instead, "saving Hollywood." "Netflix is a very consumer-focused company.

Ted Sarandos, co-CEO of Netflix, said the entertainment industry “certainly gets overlooked” in U.S. trade deals. From 2020-24, Netflix contributed $125 billion to the U.S. economy, creating 140,000 production jobs across 500 productions in all 50 states,

During Semafor’s World Economy Summit, Sarandos said the company still has “enormous room to grow:” > In the previous five years, we’ve doubled our revenue, we grew profits 10 times, and we grew our market cap three times.