Mon, 23 Feb 2026

Mon, 23 Feb 2026 Netflix boss defends bid for Warner Bros as Paramount deadline looms

Ted Sarandos says his company's offer is better for industry growth as it is "buying assets we don't currently have".
Netflix's bid for Warner Bros is better than Paramount's because it focuses on growth and expansion, according to Netflix co-chief executive Ted Sarandos. He said that by buying Warner Bros' movie studio and distribution entity, Netflix will add to the market and not cut jobs or reduce spending. In contrast, Paramount's bid would cut $22.8 billion from the business and collapse two studios into one, reducing competition in the industry. Sarandos also dismissed criticism from James Cameron and others who claim that the deal would be disastrous for the cinema business. He argued that Netflix is not a direct competitor to traditional cinemas and pointed out that its members watch more movies at home after seeing them on the big screen.
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