
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".
Coverage by Political Leaning
See how different sides of the spectrum reported this story
Notable Quotes
"This is a business deal, it's not a political deal."
— Ted Sarandos , Executive
"This industry would be much smaller under that [Paramount] ownership than it would be under Netflix."
— Ted Sarandos , Executive
"Our deal is growth. We've been growing and growing and growing this business since we started."
— Ted Sarandos , Executive
"An average Netflix member watches seven movies a month. An average person in the US goes to the cinema twice a year."
— Ted Sarandos , Executive
"I don't see Netflix as a direct competitor to the big-screen because when people watch a great film at the cinema, the next thing they want to do when they come home is watch more films."
— Ted Sarandos , Executive
"buying assets we don't currently have"
— Ted Sarandos , Executive
"the sentiment about that around Hollywood is rampant"
— Ted Sarandos , Executive
"When people ask me, ‘Which one do you prefer?’ I do tell them I think neither is great here."
— Matt Belloni , Other
"Those are the first steps"
— Ted Sarandos , Executive
"The Warner Bros. Discovery board has determined it was in their long-term best interest to sell these assets. So there is going to be a deal."
— Ted Sarandos , Executive
"We’ve been very clear in the past that we have no interest in owning legacy media networks."
— Ted Sarandos , Executive
"Nothing is a must-have for us to meet the goals we have for the business."
— Ted Sarandos , Executive
"None of those mergers were a fundamental shift in the competitive landscape."
— Greg Peters , Executive
"We're trying to figure out how to incorporate the latest technology, including AI and generative AI."
— Greg Peters , Executive
"buying assets we don't currently have"
— Ted Sarandos , Executive
Key People
David Ellison is the CEO of Paramount.
Former president of the United States known for his aggressive economic policies.
Greg Peters is a co-CEO of Netflix.
Entertainment journalist and host of 'The Town' podcast.
Ted Sarandos is the CEO of Netflix.
Tags
All Coverage
Ted Sarandos says his company's offer is better for industry growth as it is "buying assets we don't currently have".
Netflix CEO Ted Sarandos discusses the planned acquisition of Warner Bros., emphasizing that the deal should not be viewed through a political lens.

Netflix co-CEO Ted Sarandos dismisses industry speculation that Warner Bros. should halt merger discussions, calling it a 'fantasy' and expressing confidence in the deal's progression.
Netflix co-CEO Ted Sarandos explains the rationale behind granting Paramount a seven-day window to negotiate with Warner Bros., emphasizing the need for clarity for shareholders.
Netflix co-CEO Ted Sarandos addresses merger speculation, stating the company has no interest in acquiring legacy media networks like Warner Bros. Discovery.

Netflix CEO Ted Sarandos describes the proposed merger with Warner Bros. as a 'vertical' integration, arguing it would be more beneficial for labor compared to Paramount's bid.
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