Warner Bros. Discovery head David Zaslav praised the Netflix deal as a “clearer path forward” for the company in a memo to staff that was sent on Friday. The letter comes after Netflix came out on top of the bidding war, agreeing to acquire WBD in a $82.7 billion deal.
“What we can say now, based on the direction set out today, is that this structure provides a clearer path forward for Warner Bros. within Netflix, and for Discovery Global as a standalone company. For both, the goal is to position their creative work, talent, and brands to navigate a market that is constantly evolving and increasingly global,” Zaslav wrote.
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