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Are Theater Owners Going to ‘Kill Movies’? Watch This Contentious Keynote Address From Netflix’s Ted Sarandos

Are Theater Owners Going to 'Kill Movies'? Watch This Contentious Keynote Address From Netflix's Ted Sarandos

Netflix’s Chief Content Officer Ted Sarandos gave a very interesting, attention-grabbing keynote address at the 2013 Film Independent Forum this weekend in which he spoke about changing business models in the film and television industry. Sarandos suggested that the reason TV has been in ascendance in terms of quality and attention is that the current studio and theatrical releasing model of “antiquated windows” has led to movies “becoming these cold spectacles that have to be sold around the world in order to recoup these huge marketing and production budgets.”

Sarandos in particular called out movie theater owners about their resistance to the idea of day-and-date releasing of films on Netflix’s streaming service, something the company has great interest in and believes makes more business sense for studios. “Theater owners stifle this kind of innovation at every turn. The reason why we may enter this space and try to release some big movies ourselves this way is because I’m concerned that as theater owners try to strangle innovation and distribution. Not only are they going to kill theaters — they might kill movies.”

Netflix has had a momentous year with its original series, and in addition to doubling those efforts in 2014, the company has announced its interest in producing films of its own — and obviously, it’s not afraid to be frank with its desires to shake up current models. You can watch Sarandos’ speech from yesterday in its entirety online below.

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