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

Netflix co-CEO Ted Sarandos brushed off the notion that the streaming giant has destroyed Hollywood, saying Netflix "saved Hollywood."

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,