Ted Sarandos Calls Paramount Move 'Irrational' After Losing Warner Bros.
Mar 2nd 2026
Speaking to Bloomberg, Netflix co-CEO Ted Sarandos criticized Paramount's approach, explained why Netflix withdrew its bid, and addressed political pressure around the sale.
- In a Bloomberg interview Sarandos called Paramount's bid "unusual" and "irrational".
- Netflix had a narrow price range and shifted to cash to speed the deal before withdrawing.
- Sarandos said President Trump's pressure was mostly noise and did not change Netflix's approach.
- Netflix pulled out after Warner disclosed a superior offer and Sarandos said he is confident in Netflix's future and thinks the outcome could benefit the company while hoping it helps the industry.