Ted Sarandos says critics just misunderstand Netflix
Ted Sarandos, the co-CEO of Netflix, sent shock waves through the entertainment world last month when his company announced an $83 billion deal to buy Warner Bros Discovery’s movie and TV business.
The deal elicited a strong — and largely negative — reaction within Hollywood. It also upset the plans of Paramount, which had been aggressively pursuing a deal for all of Warner Bros. Paramount is still aiming to buy the company, launching a hostile bid and threatening a board fight.
