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,

During Semafor’s World Economy Summit, Sarandos said the company still has “enormous room to grow:” > In the previous five years, we’ve doubled our revenue, we grew profits 10 times, and we grew our market cap three times.

Netflix's co-CEO Ted Sarandos gave some intriguing backstory on why the streamer isn't available in China. Sarandos was being interviewed during Semafor's World Economy Summit on Wednesday when he was asked about the company not being available in the world's second-largest economy.