Conan O’Brien Had Time for Everybody — Especially Netflix CEO Ted Sarandos

Hollywood’s biggest night turned into a mini roast session, and your boy Conan O’Brien came in swinging.

While hosting the Academy Awards, the late-night legend wasted zero time cracking jokes — and one of his most eyebrow-raising moments was aimed straight at Ted Sarandos, the big boss over at Netflix.

Let’s just say… Conan did NOT come to play.

During his opening monologue, Conan started throwing playful jabs at Hollywood power players and the streaming industry. But when it came to Sarandos, the comedian made sure the camera found him in the audience before delivering the punchline — a classic “you sitting right there” moment.

The joke poked fun at the ongoing tension between streaming platforms and traditional movie theaters, something that’s been a hot topic in Hollywood for years.

And yes… the crowd felt it.

The room burst into laughter as the camera cut to Sarandos’ reaction, proving that even the most powerful executives aren’t safe when a comedian has the microphone.

But that wasn’t the only target.

Throughout the night, Conan kept the jokes flying — roasting actors, poking fun at Hollywood drama, and even joking that he might be the “last human host” before AI takes over the Oscars.

Whew. Imagine getting dragged and worried about robots stealing your job in the same speech.

Still, the moment with Sarandos stood out because it highlighted the quiet battle between streaming giants like Netflix and the traditional movie industry, which still treats theatrical releases like the gold standard.

And on Oscar night?

Let’s just say Conan reminded everyone that Hollywood still loves a little shade with its champagne.