
Ted Sarandos, Netflix co-CEO, says the streaming giant is ‘saving Hollywood’ amid decline in theatre audiences
Los Angeles, Apr 24 (UNI) The future of movies lies in streaming, according to Netflix co-CEO Ted Sarandos, who says that the streaming service is “saving Hollywood”, amid the dwindling theatrical demand, sagging box office receipts and production fleeing L.A. Making his remarks at the TIME100 Summit, Sarandos said that the streaming giant is “a…