Netflix CEO Ted Sarandos explained that despite movie theaters being ‘very special’ it’s good there are other ways to view films.
Netflix CEO Ted Sarandos explained that despite movie theaters being ‘very special’ it’s good there are other ways to view films.
Theaters are a dying business. Wait until the largest theater conglomerate in the world has its notes come due in 2026, and yes, it is in debt for millions. Analyst predict if it declares bankruptcy it will be forced to close over 150+ theaters in the US alone.