"What is the consumer trying to tell us?" Sarandos asked. He then answered his own question: "That they'd like to watch movies at home."

At the TIME100 Summit, Ted Sarandos was asked “Have you destroyed Hollywood?” And his response has left everyone shocked.

The TIME100 Summit closed out with a Ted talk—that is, a talk with Ted Sarandos, co-CEO of Netflix. When asked by TIME Editor-in-Chief Sam Jacobs whether Netflix has “destroyed Hollywood,” Sarandos, who is on TIME’s 2025 list of the world’s most influential people,