Netflix Wants You To Be Able To Watch Movies At Home The Day They Hit Theaters

Netflix Wants You To Be Able To Watch Movies At Home The Day They Hit Theaters

ALYSON SHONTELL 16 MINUTES AGO 257 1

Netflix has found a lot of success creating its own TV shows like “Orange is the New Black.” It’d like to be able to disrupt blockbuster movies as well. But Netflix doesn’t want to just create movies. It wants to convenience people and help them watch hit films from anywhere, immediately. At least, that’s what its Chief Content Officer Ted Sarandos communicated over the weekend.It’s a lofty goal that movie theaters would hate but consumers would love.

Sarandos unleashed his ambitious plan at a Film Independent event. The relevant quote was unearthed by AllThingsD’s Peter Kafka.

“Why not premiere movies on Netflix, the same day they’re opening in theaters?” Sarandos asked the crowd. “And not little movies — there’s a lot of ways, and lot of people to do that [already]. Why not big movies? Why not follow the consumers’ desire to watch things when they want?”

Sarandos went on to further rip theaters and hinted that Netflix may start making blockbuster movies itself.

“Theater owners stifle this kind of innovation at every turn,” Sarandos said. “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.”

About bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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