As Netflix stock continues to face pressure amid its $83 billion pursuit of Warner Bros. streaming and studio assets, co-ceo Ted Sarandos blamed the recent volatility largely on the ongoing bidding war with Paramount, as well as general uncertainty across the industry and around the “AI trade.”
That pressure has raised questions about just how high Netflix may be willing to counter as Paramount has been given the opportunity to present its “best and final” offer for all of Wbd by Feb. 23.
“There has been some headwind in the stock. There’s been some headwind in the sector and there’s been some headwind for because of the AI trade, which I think is ironic,…
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