Netflix Co-CEO Ted Sarandos Expects Paramount's Warner Bros. Takeover To Result In Cost Cuts Worth $16 Billion: 'I Hope I'm Wrong…' - Netflix (NASDAQ:NFLX)
Benzinga·2026-03-02 09:53

Netflix Inc’s (NASDAQ:NFLX) co-CEO Ted Sarandos warned that a rival deal to merge Paramount Skydance Corp (NASDAQ:PSKY) with Warner Bros. Discovery (NASDAQ:WBD) will likely trigger steep cuts across Hollywood, saying the combined company will need to slash costs "in excess of $16 billion" over the next 18 months to make the numbers work.Sarandos Calls Paramount Bid ‘Unusual’"There'll be cuts in excess of $16 billion. They are telling people who lend them the money that's gonna happen in 18 months or so. It ...