2026-03-02
“Substantial layoffs seem certain, but cost cutting alone won't make the operation into the sort of entertainment powerhouse that can better compete with the likes of Netflix and Disney.”
Bloomberg
Q&A with Ted Sarandos on the scenario planning Netflix did before Paramount's final WBD bid, how Paramount's deal closing could lead to cuts of $16B+, and more
When Netflix Inc. dropped out of the bidding for Warner Bros. Discovery Inc. on Feb. 26, the news came as a surprise to many in Hollywood.
“Substantial layoffs seem certain, but cost cutting alone won't make the operation into the sort of entertainment powerhouse that can better compete with the likes of Netflix and Disney.”
Wall Street Journal
Netflix actually won by walking away from the WBD bid, collecting a $2.8B termination fee and driving up the price and debt load of the Paramount-WBD merger
A smart call and win for shareholders.Daniel Strauss /@danielstrauss:“Substantial layoffs seem certain, but cost cutting alone won't make the operation into the sort of entertainme...
2026-03-01
“Substantial layoffs seem certain, but cost cutting alone won't make the operation into the sort of entertainment powerhouse that can better compete with the likes of Netflix and Disney.”
Wall Street Journal
Netflix actually won by walking away from the WBD bid, collecting a $2.8B termination fee and driving up the price and debt load of the Paramount-WBD merger
King of streaming preserves its business model, while Paramount will have to deal with a massive debt load