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Netflix co-CEO Ted Sarandos defended the streaming platform's impact on Hollywood at the Time100 Summit, arguing that consumer preference for home viewing is driving changes in movie consumption. He prioritized engagement, revenue, and profit over subscription numbers. While dismissing rumors of succeeding Bob Iger at Disney, Sarandos expressed a preference for running Saturday Night Live over Disney, a role he believes Tina Fey could potentially fill, given Lorne Michaels' impending departure.

Prepared by Emily Rhodes and reviewed by editorial team.