Ted Sarandos Claims Paramount Created Warner Bros. Regulatory Challenge Narrative That “Didn’t Exist”
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Paramount “did a very nice job of creating a very loud narrative of a regulatory challenge that didn’t exist” around Netflix’s deal for Warner Bros, according to Ted Sarandos. In an interview with Politico today, the Netflix co-CEO addressed the political dynamics of the Warner Bros. Discovery (WBD) auction, which ultimately ended with Paramount paying […]
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Paramount “did a very nice job of creating a very loud narrative of a regulatory challenge that didn’t exist” around Netflix ‘s deal for Warner Bros, according to Ted Sarandos . In an interview with Politico today, the Netflix co-CEO addressed the political dynamics of the Warner Bros. Discovery auction, which ultimately ended with Paramount paying $31 a share for the HBO studio, totaling $111B. “I can’t name a transaction that was similar to this that has ever been blocked in history,” Sarandos said of Netflix’s initial $27.75 a share deal for WBD. Related Stories News Noah Wyle, Other Industry Figures To Testify At Adam Schiff Hearing On Paramount-Warner Bros. Discovery Merger, Tax Incentives
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