Touting Warner Bros. offer, Netflix execs vow to keep releasing movies [Yahoo! Finance]
Warner Bros. Discovery, Inc. - Series A (WBD)
Company Research
Source: Yahoo! Finance
In a regulatory filing , Netflix co-CEOs Greg Peters and Ted Sarandos pledged that the streaming giant would continue to release movies to theaters. "We haven't prioritized theatrical in the past because that wasn't our business at Netflix," the pair said in a letter addressed to Netflix employees, highlighting the company's strategic pivot. "When this deal closes, we will be in that business." "We're strengthening one of Hollywood's most iconic studios, supporting jobs, and ensuring a healthy future for film and TV production," they added. Peters and Sarandos also expressed optimism that Netflix's proposed $83 billion purchase of Warner Bros. Discovery's TV and film assets will win government regulatory approval. Warner is home to the storied movie studio that created hits like "Barbie" and popular franchises such as "The Hobbit" and "Harry Potter." The letter comes as Netflix faces a competing bid from Paramount Skydance (the parent company of CBS News), which on December 8
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WBD
Earnings
- 11/6/25 - Miss
WBD
Sec Filings
- 12/15/25 - Form 425
- 12/15/25 - Form DFAN14A
- 12/15/25 - Form SC
- WBD's page on the SEC website