Netflix boss says Paramount acquisition of Warner Bros will result in “cuts in excess of $16 billion” within “18 months or so”

Netflix boss says Paramount acquisition of Warner Bros will result in “cuts in excess of $16 billion” within “18 months or so”

Netflix CEO Ted Sarandon has told Bloomberg that the deal under which Paramount outbid his firm for control of Warner Bros, including its storied games division, is “dependent on a lot of cost-cutting”, which he said would take place following the deal’s completion.

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