Netflix CEO Reed Hastings: Movie theaters hurting the industry | Business Insider


Netflix CEO Reed Hastings thinks the state of film is a “real tragedy” and that movie theaters are “strangling the movie business,” he said at The New Yorker’s Tech Fest on Friday.

Netflix has long faced off against the giants of the movie theater business, who have largely refused to show Netflix’s original films in theaters because of Netflix’s commitment to making them available to stream on the same day they appear on the big screen.

That could be changing — but only a little bit.

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