Netflix CEOs make case for Warner Bros. Discovery…
Netflix co-CEOs Ted Sarandos and Greg Peters laid out their case for buying Warner Bros. Discovery — making an attempt to calm nerves in Hollywood even as they face a hostile rival bid from Paramount Skydance.
In a letter to workers, the 2 bosses moved to ease fears over job cuts and issues that the deal will ultimately lead to the end of theatrical releases. In the past, Sarandos described going to the cinema as an “outdated” expertise.
“We haven’t prioritized theatrical in the past because that wasn’t our business at Netflix,” the co-CEOs wrote on…
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