Ted Sarandos, co-CEO of Netflix, expressed disappointment over James Cameron’s critical letter regarding Netflix’s potential acquisition of Warner Bros assets. Cameron alleged that Netflix’s success could harm the theatrical film industry, a claim Sarandos refutes, asserting he never discussed a “17-day theatrical release window,” contrary to what Cameron suggested. Sarandos highlighted Netflix’s commitment to a 45-day release window and accused Cameron of participating in a disinformation campaign by backers of Paramount’s rival bid.
Netflix recently proposed an $83 billion deal to acquire Warner Bros’ key properties, amid ongoing hostility from Paramount, which aims to outbid them. Sarandos warned that if the Ellison-operated Paramount were to acquire Warner Bros, substantial job cuts and financial hardships could follow. He emphasized Netflix’s strong cash flow to support the all-cash transaction while maintaining financial flexibility for future strategies.
Simultaneously, regulatory scrutiny continues over this merger, with Sen. Mike Lee raising further questions about competition issues related to the deal. As negotiations between Paramount and Warner Bros unfold, the stakes grow higher, with both companies adjusting their strategies in anticipation of shareholder reactions and regulatory approvals. Sarandos plans to address Lee’s questions by an upcoming deadline.
