Netflix CEOs defend Warner Bros deal: What they say on Paramount bid, job loss fears, theatrical release and more
Streaming giant Netflix’s two chief executive officers have shared reasons for acquiring Warner Bros Discovery, after Paramount Skydance Corp went public with a competing offer, according to a report by Bloomberg.
On 5 December, Netflix said that it agreed to pay $82.7 billion, including debt, for Warner Bros. Three days after the offer, Paramount responded with a bid for the entire company, including some units such as cable news, that Netflix does not plan to acquire.
