Netflix boss says $83bn Warner Bros takeover will benefit industry

The boss of Netflix has launched a fresh defence of its $82.7bn (£61bn) takeover of Warner Bros Discovery (WBD) assets, as he defended the streaming company’s contribution to the UK film and TV industry.Ted Sarandos claimed Netflix buying WBD would bring “growth” to the entertainment industry, amid attempts by rival Paramount Skydance to launch a counter offer for the studio business which he said would do the opposite.“We’re buying a movie studio and a distribution entity that we don’t currently have,” he ...