Netflix co-CEO Ted Sarandos made unexpected remarks about Donald Trump while addressing speculation surrounding the streaming giant’s interest in acquiring Warner Bros during a high-profile industry appearance. Speaking at the DGA Awards, Sarandos acknowledged Trump’s interest in entertainment, noting that the former president understands the industry and appears concerned about its long-term health and […]
Netflix acquisition
Netflix to acquire Warner Bros Discovery for $72bn
Netflix agreed to buy Warner Bros Discovery’s studios and streaming unit for $72 billion. The deal gives Netflix control of HBO Max, iconic film franchises, and content libraries. Shares of Warner Bros Discovery rose 3.2%, while Netflix fell slightly. The acquisition followed a bidding war with Paramount and Comcast, with Netflix offering $27.75 per share, […]