India, April 25 -- Netflix co-CEO Ted Sarandos has sparked a debate after responding to a question about whether Netflix is destroying Hollywood. He claimed that Netflix is actually "saving Hollywood". His bold claim has left the internet divided. Also read: Netflix exceeds Q1 earnings expectations, posts $10.5 billion in revenue

At the TIME100 Summit, Ted was asked "Have you destroyed Hollywood?" "No, we're saving Hollywood," said the Netflix co-CEO.

He added, "Netflix is a very consumer-focused company. We really do care that we deliver the program to you in a way you want to watch it. What does that say? What is the consumer trying to tell us? That they'd like to watch movies at home, thank you. The studios and the theatres are dukin...