Netflix CEO addresses Paramount lawsuit and theatrical release concerns

Netflix co-CEO Ted Sarandos spoke to The New York Times after Paramount filed a lawsuit seeking disclosure of Netflix’s proposed deal for Warner Bros. Discovery, and said the combined company expects to release more films together and plans to grow content spending over coming years.

Netflix co-CEO Ted Sarandos has spoken publicly following a legal challenge from Paramount over Netflix’s proposed acquisition of Warner Bros. Discovery. The dispute has prompted questions in the film industry about how the combined company would handle theatrical releases and future content spending. Sarandos addressed those concerns in an interview and outlined expectations for the merged companies. Key points: - Paramount filed a lawsuit seeking full disclosure of the deal between Netflix and Warner Bros. Discovery, which Paramount described as potentially unlawful. - Ted Sarandos spoke to The New York Times after the lawsuit was filed. - The proposed Netflix acquisition of Warner Bros. Discovery has been reported as an $83 billion deal. - Sarandos said the combined company expects to release more films together than the companies did separately and forecasted growth in content spending several years out. - The reporting notes Paramount’s CEO David Ellison has raised concerns and that Warner Bros. Discovery rejected Paramount’s offer multiple times. Summary: Sarandos’ comments directly addressed industry questions about theatrical intent and future investment, emphasizing plans for more joint releases and increased content spending by the combined companies. The lawsuit seeks disclosure of the Warner Bros. Discovery deal, and the next procedural or legal developments are undetermined at this time.