Netflix CEOs Seek to Reassure Staff About Warner Bros. Deal [Yahoo! Finance Canada]
Netflix, Inc. (NFLX)
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Source: Yahoo! Finance Canada
If the deal is approved, Netflix will take over one of Hollywood's oldest and most storied studios in one of the biggest ever media deals. It would also gain control of its one-time inspiration, HBO. The executives laid out the company's case and moved to quell industry concerns about job losses and the end of theatrical releases. They promised “no overlap or studio closures” amid concerns the mega-deal would curtail jobs in an industry already impacted by the rise of streaming platforms and artificial intelligence. “This deal is about growth,” the pair wrote. “We're strengthening one of Hollywood's most iconic studios, supporting jobs, and ensuring a healthy future for film and TV production.” Peters and Sarandos said they were committed to releasing Warner Bros. movies in theaters, following concerns that Netflix would prioritize a streaming-first model. Sarandos has previously described going to the cinema as an “outdated” experience. “We haven't prioritized theatrical i
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- Netflix to Announce Fourth Quarter 2025 Financial ResultsPR Newswire
- Netflix responds to concerns about WBD deal [Yahoo! Finance]Yahoo! Finance
- Jake Paul vs Anthony Joshua on Netflix: What you need to know to watch fight [USA TODAY]USA TODAY
- Netflix Reassures Staff It Will Keep Theatrical Releases in Warner Bros. Deal [Yahoo! Finance]Yahoo! Finance
- Netflix CEOs Make Their Case for Warner Bros. Acquisition [Yahoo! Finance]Yahoo! Finance
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