Netflix boss defends bid for Warner Bros as Paramount deadline looms | BBC News

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.

Sarandos also batted away threats from President Trump who said that if Netflix did not fire Democratic board member Susan Rice, the streaming giant would "face the consequences".

Sarandos said: "This is a business deal, it’s not a political deal.
Last week, Warner Bros gave Paramount until the end of Monday to submit a "best and final" offer ahead of the shareholder vote on the Netflix deal next month.

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