How Ted Sarandos became the ultimate Hollywood gate-crasher [Los Angeles Times (CA)]
Netflix, Inc. (NFLX)
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Source: Los Angeles Times
“Is the Albanian army going to take over the world?” former Time Warner Chairman Jeff Bewkes asked a reporter 15 years ago . “I don't think so.” Think again. On Friday, Netflix co-Chief Executive Ted Sarandos pulled off an audacious $82-billion deal to buy much of Bewkes' old haunts: the Warner Bros. film and TV studios in Burbank, and HBO and the HBO Max streaming service in Culver City. “This is a rare opportunity,” Sarandos said in an investor call. “It's going to help us achieve our mission to entertain the world and to bring people together through great stories. We've built a great business, and to do that, we've had to be bold and continue to evolve.” If the takeover is approved — it could face a raft of legal and regulatory challenges — Netflix would gain ownership of such classics as “Casablanca” and “Goonies” and popular characters including Batman, Scooby-Doo, Dirty Harry and Harry Potter. The acquisition represents a moment of triumph for the brash Sarandos, who h
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- Netflix agrees to buy Warner Bros. Here's what that will look like [USA TODAY]USA TODAY
- Netflix announces deal to buy Warner Bros., HBO Max [MSNBC.com]MSNBC.com
- A plea to Netflix's Ted Sarandos: Don't screw up Warner Bros. and HBO [Los Angeles Times (CA)]Los Angeles Times
- Netflix Only Buying Warner Bros. To Sabotage A Rival Streamer? [Yahoo! Finance]Yahoo! Finance
- Cinemas and unions sound alarms over Netflix-Warner Bros. deal [Los Angeles Times (CA)]Los Angeles Times
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