Ted Sarandos Heads To White House To Counter Latest Paramount Move In WB Battle
Deadline • • business
Key Points:
- Netflix co-CEO Ted Sarandos is meeting with White House officials, including Chief of Staff Susie Wiles, to advocate for Netflix's $83 billion bid to acquire Warner Bros. Discovery's streaming and studio assets.
- The talks come amid extended negotiations between Paramount and Warner Bros. Discovery, with Paramount CEO David Ellison gaining political momentum, including attending the State of the Union with Senator Lindsey Graham.
- Sarandos' visit follows increased scrutiny from the Department of Justice and Republican attorneys general concerned that the Netflix-Warner Bros. merger could reduce competition, raise prices, and harm consumers.
- Despite political tensions, including former President Trump's criticism of Netflix board member Susan Rice, Sarandos emphasizes that the acquisition is a business deal overse
