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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."
(Reporting by Lisa Richwine; Editing by Stephen Coates)
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