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Netflix Boss: Warner/Paramount Deal Is 'One and One'
1 Oct
Summary
- Sarandos downplayed competition from a potential Warner/Paramount merger.
- He discussed Donald Trump's commitment to entertainment jobs.
- Netflix is experimenting with theatrical windows for films.
Netflix CEO Ted Sarandos largely dismissed concerns regarding a potential merger between Warner Bros. Discovery and Paramount, referring to it as "one and one" and not a significant competitive edge. He also addressed rumors about HBO content chief Casey Bloys, calling him a "super talented guy."
Sarandos defended former President Donald Trump's engagement with the entertainment sector, highlighting his commitment to creating jobs in America. Sarandos noted that federal production tax credits are essential to prevent jobs from moving overseas, citing the UK's attractive incentives.
Discussing Netflix's growth, Sarandos acknowledged it was slower than desired, attributing some of this to new ventures like live programming. He confirmed double-digit revenue growth across all regions last quarter. Netflix continues to innovate with distribution, including a recent deal in France and exploring varied theatrical release windows for films like "Narnia: The Magician's Nephew."
