Ted Sarandos: CEO of Netflix who recently lost Warner Bros acquisition fight to Paramount says: They are buying a much larger company, debt that will force CEO David Ellison to layoff thousands and cut … |
Netflix co-CEO Ted Sarandos has now broken his silence after dropping out of the bidding war for Warner Bros. Discovery, conceding defeat to Paramount Skydance. However, Sarandos warned that the rival’s debt-heavy acquisition will come at a steep cost for Hollywood. Speaking to Bloomberg in an interview, Sarandos revealed that Netflix had planned for multiple…