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Netflix boss defends bid for Warner Bros as Paramount deadline looms

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".

February 23, 2026 at 10:41 AM Original source
6 agencies covered this story

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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

All Coverage

BBC Newsvia rss 5 quotes 1 person

Ted Sarandos says his company's offer is better for industry growth as it is "buying assets we don't currently have".

100%
YouTubevia ai 1 quote 1 person

Netflix CEO Ted Sarandos discusses the planned acquisition of Warner Bros., emphasizing that the deal should not be viewed through a political lens.

80%
Netflix’s Ted Sarandos Dismisses Mounting Calls for Warner Bros. to Pull All Merger Talks: ‘Some Fantasy’
The Wrapvia ai 3 quotes 2 persons

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.

80%
Netflix Co-CEO on Why They Gave Paramount 7 Days To Negotiate With Warner Bros.
Yahoo! Entertainmentvia ai 1 quote 1 person

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.

80%
Netflix co-CEO on WBD buyout rumors: 'We have no interest in owning legacy media networks'
AOLvia ai 4 quotes 2 persons

Netflix co-CEO Ted Sarandos addresses merger speculation, stating the company has no interest in acquiring legacy media networks like Warner Bros. Discovery.

80%
Netflix-Warner deal is 'vertical,' better for labor than Paramount deal, Netflix CEO says
MLexvia ai 1 quote 1 person

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.

80%