Netflix, Paramount and Warner Bros.
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Wasting no time checking out their potential new home away from home, Netflix’s bosses Greg Peters and Ted Sarandos made a most awesome visit to the Warner Bros Discovery studio lot today with David Zaslav as tour guide.
Warner Bros. Discovery just turned down a hostile bid from Paramount Skydance. Netflix's co-CEOs sent a letter about the decision and the deal.
Industry concerns over Netflix acquiring Warner Bros. has led executives to address fears regarding jobs and theatrical releases.
It took just six weeks between the first phone call between Ted Sarandos and David Zaslav and the streaming giant inking its $82.7 billion deal for the studio empire.
Netflix Co-CEO Ted Sarandos said Paramount’s hostile bid for Warner Bros. Discovery was “entirely expected,” but the exec said he remains “super-confident” in the streaming giant’s plan to close the deal.
US President Donald Trump said he will personally review Netflix’s $83 billion purchase of Warner Bros. Discovery, warning that the streaming giant’s size “could be a problem.”
It appears Netflix will be the ultimate owner of Warner Bros. Discovery, and a new report has revealed what led the David Zaslav-led company to accept the streamer’s offer.
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Ted Sarandos Says Paramount Takeover Bid for Warners Was “Entirely Expected … We Have a Deal Done”
The Netflix co-CEOs were interviewed hours after a hostile offer for Warner Bros. from Paramount. "We didn't buy this company to destroy that value," Sarandos adds.
"This is something that we’ve heard for a long time — including when we started the streaming business," Ted Sarandos and Greg Peters write.
President Donald Trump gushed over Netflix co-CEO Ted Sarandso calling him “fantastic” but also noted that a combined Netflix-Warner Bros. Discovery would “have a very big market share.”