After ‘Google reason’ to buy Warner Bros, Netflix co-CEO Ted Sarandos now warns: ‘Instagram is coming’ as he…
Netflix co-CEO Ted Sarandos is painting an increasingly crowded picture of the streaming battlefield—one where Instagram poses as much threat as traditional studios—as he works to convince regulators and investors that his company’s $83 billion Warner Bros Discovery takeover won’t stifle competition.
“Instagram is coming next,” Sarandos declared during Netflix’s Tuesday earnings call, pointing to Meta’s recent launch of a Reels app for TV sets.
