Netflix co-CEO Ted Sarandos responds to criticisms over the streaming service’s proposed acquisition of Warner Bros. Discovery on ‘The Claman Countdown.’
Netflix co-CEO Ted Sarandosaccused legendary director James Cameron of believing misinformation after Cameron criticized Netflix’s potential acquisition of Warner Bros. Discovery (WBD).
"I'm particularly surprised and disappointed that James chose to be part of the Paramount disinformation campaign that's been going on for months about this deal," Sarandos said on "The Claman Countdown" Friday.
Netflix announced its proposed acquisitionof WBD, including HBO and HBO Max, in December. Days later, Paramount Skydance submitted a counter-all-cash offer.
Recently, Netflix has received an outpouring of criticism from some members of the Hollywood elite and California leaders over its proposed purchase of the studios.
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Netflix co-CEO Ted Sarandos and legendary director James Cameron.(LEFT (Kevin Dietsch/Getty Images), RIGHT (Araya Doheny/Getty Images for SAG-AFTRA Foundation) / Getty Images)
Cameron raised concerns about the deal in a letter to Sen. Mike Lee, R-Utah, chairman of the Senate Judiciary Subcommittee onAntitrust, Competition Policy and Consumer Rights.
In the letter, the "Titanic" and "Avatar" director said Netflix’s business model is "directly at odds" with thetheatrical film production business.
"Theaters will close. Fewer films will be made. Service providers such as VFX companies will go out of business. The job losses will spiral," the letter reads in part.
Source: California Post – Breaking California News, Photos & Videos
