Warner Brothers in Podcasts
companyAmerican media and entertainment company.
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But Netflix CEO Ted Sarandos says the Warner Brothers transaction gets it into businesses it's basically not in right now.
Netflix just wants Warner Brothers film and TV studios plus HBO.
Especially since Paramount wants to buy all of Warner Brothers, including its cable channels.
If enough Warner Brothers investors sell their shares to Paramount, it could get a majority stake.
And there's a crucial role for Warner Brothers shareholders here, which could help Paramount prevail.
But Paramount is appealing to Warner Brothers shareholders.
That is certainly the case here, since the Warner Brothers board has sided with Netflix.
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