Ted Sarandos sympathizes with directors who have long dreamed that their films would end up on the big screen just to land on streaming as the business continues to switch away from cinemas.
While talking to Tom Papa and Fortune Feimster on Siriusxm’s “What a Joke” -PodcastNetflix Co-CEO tackled the ongoing topic that is the future of the cinema. Sarandos acknowledged that the business has become tougher while saying he knows directors whose films never see the silver screen.
“I talk to many directors and I completely respect that they – many of them grew up and this was their dream, to have the gigantic screen and a room full of strangers,” he said. “It’s a very tough business model longer. And I just feel like, I hope there is always an alternative. I just think it will be more and more challenging. “
Sarandos added that ticket ticket sales have decreased since the 60s – although they act in plateaus due to price inflation. According to him, Netflix and other streaming services allow people who do not live close to theater chains to enjoy the movie experience from home.
“Technology is developing, behaviors develop, consumer behavior is changing,” he continued. “I think there is something very special about it, but thankfully, that’s not the only way I can see a movie. And again, back to it, serves underwear audience. Most people do not live anywhere near a cinema. “
Jerry Seinfeld – who wrote, played in and directed the Netflix movie “Unfrosted” 2024 – shared a tougher feeling about the film industry. Even though he was in Liga with streamer, he told GQ In April last year, he thought the business was dead in the water.
“(Making a movie) was brand new to me,” the comedian said. “I thought I had done some cool things, but there was nothing these people work. They are so dead serious! They have no idea that the film industry is over. They have no idea. “
On the question of whether he shared his insight into the industry with his partners in Netflix, Seinfeld admitted that he held it to himself.
“I didn’t tell them,” he added. “But film does not occupy the top of the social, cultural hierarchy as it did during most of our lives. When a movie came out, if it was good, we all went to see it. We all discussed it. We quoted lines and scenes we liked. Now we go through a fire hose of water, just trying to see. “
