Netflix co-CEO Ted Sarandos, while speaking at a Time 100 event, was asked if Netflix is destroying Hollywood. His reply? The streaming giant is, instead, "saving Hollywood." "Netflix is a very consumer-focused company.

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

"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."