Netflix co-CEOs assure staff job security amid Warner Bros acquisition

Co-CEOs Ted Sarandos and Greg Peters reportedly emphasised that Netflix’s plan would not involve ‘overlapping or shutting’ studios

by e4m Staff
Published: Dec 16, 2025 5:05 PM | 1 min read

Amid questions over Netflix’s Warner Bros. Discovery (WBD) acquisition, co-CEOs Ted Sarandos and Greg Peters assured staff that jobs and studios will remain intact.

According to multiple media reports, in a letter sent on Monday, the co-CEOs emphasised that Netflix’s proposal would not involve “overlapping or shutting” studios. “This deal is about growth,” the letter said. “We’re strengthening one of Hollywood’s most iconic studios, supporting jobs, and ensuring a healthy future for film and television production.”

Read On: Netflix to acquire Warner Bros.

Sarandos and Peters described a combined Netflix-Warner Bros. as “pro-consumer, pro-innovation, pro-worker, pro-creator, and pro-growth.”

Earlier this month, Netflix revealed plans to acquire WBD’s streaming and studio assets for $72 billion. The announcement was quickly met with a hostile bid from Paramount Skydance to acquire all of WBD, reportedly worth around $108 billion.

Read On: Paramount’s $108.4-billion bid reopens battle for Warner Bros

In the letter, the co-CEOs also acknowledged the competing offer, saying a hostile bid was expected. “It’s great for our shareholders, great for consumers, and a strong way to create and protect jobs in the industry,” they wrote.