Netflix co-CEO and chief content material officer Ted Sarandos tossed chilly water on hopes that the streamer’s current take care of main cinema chains for Glass Onion: A Knives Out Mystery may very well be the beginning of one thing larger.
“We are in the business of entertaining our members with Netflix movies on Netflix, so that’s where we focus all our energy and most of our spend,” he mentioned throughout a video Q&A after third-quarter earnings.
AMC, Regal and Cinemark will present the Rian Johnson-directed Knives Out sequel in 600 theaters for a week-long launch over Thanksgiving weekend. Theater homeowners known as the announcement earlier this month a breakthrough for them, and for Netflix to take its movies to the display first.
Sarandos put issues straight. “There are all kinds of debates all the time, back and forth. But there is no question internally that we make our movies for our members, and we really want them to watch them on Netflix. And, of course, with one week of release in theaters, most people will see them on Netflix. Just like they see all movies. Most people watch most movies at home.”
He mentioned the Glass Onion launch “sits somewhere between that week we have to run movies to qualify for awards, and for the time we run them in a film festival, the time we travel them around. It’s a way of condensing them into a louder event.”
Because he does agree theatrical can do this. (*2*)
Glass Onion debuted in Toronto.