"People want to consume things in different ways and the moviegoing experience in some ways is sort of dying," he added.
"6 Underground" tells the story of six individuals who form a vigilante squad after faking their deaths in order to take down notorious criminals to bring about change in the world. The film stars Ryan Reynolds, Melanie Laurent, Manuel Garcia-Rulfo, Adria Arjona, Corey Hawkins and Ben Hardy.
Bay describes the film to be about "reluctant heroes".
"It's about reluctant heroes who are underdogs, who face sort fo evil to redeem themselves," he said.
(Durga Chakravarty is in Seoul, South Korea, at an invitation by Netflix. Durga Chakravarty can be contacted at firstname.lastname@example.org)