The boss of Netflix has told the BBC its takeover bid for Warner Bros is better than a rival one from Paramount because it would expand the business and the industry.
Co-chief executive Ted Sarandos told the Today programme Netflix’s bid was focused on “growth”, adding: “We’re buying a movie studio and a distribution entity that we don’t currently have – we’ll be adding to the market.”
Last December, Warner Bros agreed to a take over offer from Netflix for some of its assets, but Paramount has made a rival offer.
Credit to : BBC News
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