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,

Ted Sarandos, co-CEO of Netflix, said the entertainment industry “certainly gets overlooked” in U.S. trade deals. From 2020-24, Netflix contributed $125 billion to the U.S. economy, creating 140,000 production jobs across 500 productions in all 50 states,