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Bangkok Post
Bangkok Post
Business

The Great Netflix Debate: Do Its Movies Belong in Theaters?

From left US actress Kate Hudson, British actor Daniel Craig, US singer and actor Janelle Monae and US actor Edward Norton pose for pictures during a photocall for the premiere of 'Glass Onion: A Knives Out Mystery' in Madrid on Wednesday. Earlier this month, Netflix agreed to release the movie in 600 theaters for a week around Thanksgiving, then stream it a month later. (Photo: AFP)

Inside Netflix Inc.'s movie studio, top executives lobbied Ted Sarandos, the company's co-chief executive, for much of this year to experiment with releasing more Netflix original movies broadly in theaters.

They outlined their case in a memo shared in June on the company network. Some argued that Netflix is leaving hundreds of millions in box-office receipts on the table with its current strategy of showing only select movies in a few hundred theaters for at most a few weeks before streaming them, according to people familiar with the matter.

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