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Netflix CEOs Push Back as WB Acquisition Faces Hostile Paramount Counterbid

Netflix CEOs Push Back as WB Acquisition Faces Hostile Paramount Counterbid

The Netflix WB deal continues to send shockwaves through Hollywood, and now Netflix’s top executives are going on record to defend it. In a newly disclosed internal memo, Netflix co-CEOs Ted Sarandos and Greg Peters addressed employee concerns surrounding the company’s proposed acquisition of Warner Bros. studios, HBO, and HBO Max, insisting the deal represents “a win for the entertainment industry” rather than a death knell for Hollywood as critics have claimed.