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  4. Netflix does not plan to buy a movie theater chain, co-CEO says
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Netflix does not plan to buy a movie theater chain, co-CEO says

By Lisa Richwine BEVERLY HILLS, Calif. (Reuters) - Netflix Inc (NASDAQ:NFLX) is not looking to buy a movie theater chain, Co-Chief Executive Ted Sarandos said on Monday, a...
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Netflix does not plan to buy a movie theater chain, co-CEO says © Reuters. FILE PHOTO: Netflix executive Ted Sarandos arrives for the world premiere of his film "The Irishman" in New York City, New York, U.S., September 27, 2019. REUTERS/Carlo Allegri/File Photo

By Lisa Richwine

BEVERLY HILLS, Calif. (Reuters) - Netflix Inc (NASDAQ:NFLX) is not looking to buy a movie theater chain, Co-Chief Executive Ted Sarandos said on Monday, a rejection of speculation that swirled after the world's largest streaming service bought two cinemas.

The company owns one theater in New York, purchased in 2019, and one in Los Angeles, which it bought in 2020. Netflix uses the cinemas to hold movie premieres and to showcase some of its original films.

Asked at Vox Media's Code Conference if Netflix might next buy a theater chain, Sarandos said "no."

He also said he expected theaters to survive the rise of at-home streaming but that audiences would make fewer trips to their local cinema when they can watch so much programming at home.

"I think (moviegoing) will be less frequent, maybe more expensive," he said. "Using it as an event to get out of the house, people are still going to be looking for that."

Sarandos also said that the recently released Korean horror series "Squid Game" was on its way to becoming Netflix's biggest non-English title so far and could turn into its most popular show yet around the world.

"We did not see that coming, in terms of its global popularity," Sarandos said.

The current most-watched show, measured by total viewing hours, is romantic drama "Bridgerton," Sarandos said. The most popular film to date is Sandra Bullock thriller "Bird Box."

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31-03-2024 10:19:50 (UTC+7)

EUR/USD

1.0793

+0.0006 (+0.06%)

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Moving Avg:

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Indicators:

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EUR/USD

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GBP/USD

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USD/JPY

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AUD/USD

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 EUR/USD1.0793Sell
 GBP/USD1.2624Sell
 USD/JPY151.38↑ Buy
 AUD/USD0.6522Sell
 USD/CAD1.3543Buy
 EUR/JPY163.37↑ Sell
 EUR/CHF0.9738↑ Buy
 Gold2,254.80Buy
 Silver25.100↑ Buy
 Copper4.0115↑ Buy
 Crude Oil WTI83.11↑ Buy
 Brent Oil86.99Neutral
 Natural Gas1.752↑ Sell
 US Coffee C188.53↑ Sell
 Euro Stoxx 505,082.85↑ Sell
 S&P 5005,254.35↑ Sell
 DAX18,504.51↑ Buy
 FTSE 1007,952.62↑ Sell
 Hang Seng16,541.42Neutral
 Small Cap 20002,120.15Neutral
 IBEX 3511,074.60↑ Sell
 BASF52.930↑ Buy
 Bayer28.43Buy
 Allianz277.80↑ Buy
 Adidas207.00↑ Buy
 Lufthansa7.281↑ Sell
 Siemens AG176.96↑ Buy
 Deutsche Bank AG14.582↑ Buy
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Cập nhật 31-03-2024 10:19:52
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E5 RON 92-II23.21023.670
DO 0.05S21.01021.430
DO 0,001S-V21.64022.070
Dầu hỏa 2-K21.26021.680
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USD24.600,0024.970,00
EUR26.020,0327.447,78
GBP30.490,4131.787,64
JPY158,93168,22
KRW15,9119,28
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