Netflix CEO Ted Sarandos says streaming giant is ‘saving Hollywood’ amid industry challenges

Netflix’s CEO, Ted Sarandos, has sparked a fresh debate after defending the platform’s impact on Hollywood. Speaking at the TIME100 Summit, Sarandos said Netflix is not “destroying Hollywood” as some critics suggest, but rather “saving Hollywood”.Responding to concerns over shrinking theatre windows and sagging box office collections, Sarandos said, “No, we’re saving Hollywood.”

He added, “Netflix is a very consumer-focussed company. We really do care that we deliver the program to you in a way you want to watch it. What does that say? What is…