Netflix co-CEOs Ted Sarandos and Greg Peters answered some frequently asked questions from staffers regarding Warner Bros. Discovery, insisting the $82.7 billion deal is “not the end” of the entertainment industry.
“This is something that we’ve heard for a long time — including when we started the streaming business. Our stance then and now is the same — we see this as a win for the entertainment industry, not the end of it,” they wrote in a staff memo, shared in a newly released SEC filing. “This deal is about growth: Warner Bros. brings businesses and capabilities we don’t have, so there’s no overlap or studio closures. We’re strengthening…
‘ The preceding article may include information circulated by third parties ’
‘ Some details of this article were extracted from the following source www.imdb.com ’
ADVERTISEMENT
