Netflix CEOs Address Staff Amid Warner Bros. Acquisition Talks

Netflix's top executives recently reached out to their team to provide reassurance about the company's plan to purchase Warner Bros. They emphasized the positive impact this move would have on the business and employment opportunities within Hollywood.

Co-CEOs Greg Peters and Ted Sarandos emphasized in their communication—made public through the Securities and Exchange Commission—that uniting Netflix and Warner Bros. would be beneficial to consumers, spur innovation, support the workforce, and drive creative and economic expansion.

In addressing concerns that the merger could signal the decline of Hollywood, the executives assured that this acquisition represents a significant triumph for the entertainment sector.

Earlier this month, Netflix detailed its proposal to purchase Warner Bros. from Warner Bros Discovery for a combined equity value of $72 billion, which includes existing debt. This transaction stands as the streaming giant's largest attempt to date.

In response, Paramount Skydance countered with a rival bid aimed at acquiring the entirety of Warner Bros Discovery, proposing a deal worth an estimated $108 billion.

Peters and Sarandos were unsurprised by Paramount's challenge and maintained confidence in Netflix's strategic arrangement.

In the correspondence provided to staff, the executives reiterated the potential advantages of the consolidation. They asserted that aligning with Warner Bros. aligns perfectly with Netflix’s mission to expand viewer choice and enhance value while bolstering job creation within the industry.

Despite the complexity expected over the coming year surrounding the merger, the executives conveyed optimism about surmounting regulatory inspections, emphasizing the constructive nature of the integration.

Looking forward, Peters and Sarandos confirmed Netflix’s commitment to theatrical releases within Warner Bros’ distribution framework, highlighting the significance of cinema as an integral legacy of Warner Bros.

The management addressed external speculations claiming the merger could diminish Hollywood's standing, reinforcing the narrative that it will instead foster growth, retain distinctive business functions, and preserve studio operations.

As the company progresses toward its 2026 objectives, everyone is encouraged to remain focused on the larger picture of organic growth and member satisfaction, despite ongoing industry speculation.

For future updates and external communications, employees are reminded to use the dedicated site launched by Netflix for public inquiries.

– Greg and Ted