Netflix Not “Trying To Build A Theatrical Business” Says Reed Hastings –

Here’s another bucket of cold water for the budding romance between Netflix and showrunners.

Founder and co-CEO Reid Hastings fully, almost gleefully, agreed that his company had left a lot of money on the table with limited releases and brisk ticket sales. The Glass Onion: A Knives Mystery on Thanksgiving weekend. He has no problem with that. “It’s a promotional tactic for the streaming service,” Hastings told the New York Times deal book conference in NYC. “We’re not trying to build a theater business.”


He said Streamer’s “two religions” are “customer satisfaction” and “operating income.” gave Knife out The theatrical sequel was a tool “so more people see it on the service.”

The streamer’s latest release was an unprecedented collaboration with AMC Theatres, Regal and Cinemark. It creates buzz, as in – “Everybody’s talking. Glass onionsand the whole world will see it on December 3rd!

Co-CEO Ted Sarandos has also tried to downplay expectations that Netflix is ​​significantly re-examining its relationship with exhibitors.



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