Netflix defends Warner Bros Discovery bid as industry-growth play
Netflix CEO Ted Sarandos defends the company’s roughly $83 billion bid for Warner Bros Discovery assets, arguing the deal would create a missing animation of the business—a movie studio and distribution arm—and spur growth in the industry, unlike Paramount’s competing offer which he says would consolidate power and cut about $6 billion from the business. He also pushes back on UK competition concerns, highlighting Netflix’s commitment to British creators with 59 UK productions, and downplays political interference such as Donald Trump’s call to remove Susan Rice as irrelevant to the deal.