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Netflix says its position on deal with Warner Bros Discovery unchanged [Yahoo! Finance]
Last netflix, inc. earnings: 4/21 04:00 pm
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US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
was "entirely expected", its co-CEOs Greg Peters and Ted Sarandos said in ?a letter ?to employees on Monday. The streaming giant is committed ?to theatrical releases of Warner Bros' movies, saying it is "an important ?part of their business ?and legacy". "We haven't prioritized theatrical in the past because that wasn't our business at Netflix. When this deal closes, ?we will be ?in that business," ?the letter stated. Netflix said its deal is "solid" and ?it is ?confident that it is great for consumers and can ?pass regulatory hurdles. (Reporting by Zaheer ?Kachwala in Bengaluru; Editing ?by Arun Koyyur)
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