Skip Navigation

Netflix boss Ted Sarandos says Paramount's acquisition of Warner Bros, including it's storied gaming division, 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"

"We were in the books of Warner Bros., and the biggest cost centers are people in productions," he said in an interview. "There’ll be cuts in excess of $16 billion. They are telling people who lend them the money that’s going to happen in 18 months or so."

This suggests that the company's games division will be under scrutiny for cost-saving along with the firm's film, TV and other assets. Warner Bros. is the home of Rocksteady, TT Games, Avalanche Software and mobile studios.

Comments

14

Comments

14