Netflix 1 min read

Netflix CEOs Seek to Reassure Staff About Warner Bros. Deal

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Editors Desk Source: Bloomberg

Published 3 hr ago

Ted Sarandos, left, and Greg PetersPhotographer: Lisa Lake/Getty Images

Ted Sarandos and Greg Peters moved to quell industry concerns about job losses in a letter to employees.

Netflix Inc. co-Chief Executive Officers Greg Peters and Ted Sarandos tried to reassure employees’ concerns about the company’s bid for much of Warner Bros. Discovery Inc., reiterating that there is no business overlap and therefore won’t be any studio closures.

“This is going to be a complex process over the next year or so,” the executives said in a letter posted to the company’s internal blog and published in a securities filing.