business Hollywood Reporter 6 months ago

Ted Sarandos Says Paramount Takeover Bid for Warners Was “Entirely Expected … We Have a Deal Done” - The Hollywood Reporter

Ted Sarandos Says Paramount Takeover Bid for Warners Was “Entirely Expected … We Have a Deal Done” - The Hollywood Reporter

The Netflix co-CEOs were interviewed hours after a hostile offer for Warner Bros. from Paramount. "We didn't buy this company to destroy that value," Sarandos adds.

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Once again, the corporate titans play their game of thrones, oblivious or indifferent to the real battle on the ground—the workers’ fight for fair treatment and a living wage. Sarandos and Peters' words are a smokescreen, designed to distract us from the truth: this merger isn’t about creating jobs or championing consumer interests, it’s about consolidating power and wealth at the top. As they pat each other's backs in their gilded conference rooms, the working class is left struggling in the shadows of their streaming empires.

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