Story Arc Ted Sarandos In the wake of freaking out the industry and theater owners with its winning bid for Warner Bros on Thursday, followed by Paramount’s hostile takeover proposal this morning, Netflix co-CEOs Ted Sarandos and Greg Peters jumped on a Wall Street call again Monday to pour cold water on the fire, specifically as it relates to theatrical. “In this transaction, we pick up three business we’re not currently in, so we have no redundancies currently,” said Sarandos. “One of them is a motion picture studio with a theatrical distribution machine.” Watch on Deadline Related Stories Executives Netflix Co-CEO Ted Sarandos Says Paramount’s Hostile Bid For WBD Was “Entirely Expected”, Still “Super-Confident” About Closing Deal Politics Donald Trump Praises Ted Sarandos, Confirms Meeting But Says Netflix-WB Would Have “Very Big Market Share” That “Could Be A Problem” “We’re deeply committed to releasing those movies exactly the way they would release those movies today,” said Sarandos about staying true to the theatrical model once the streamer snaps up the 102-year-old motion picture studio.
