NETFLIX CEOS SEEK TO REASSURE STAFF ABOUT WARNER BROS. DEAL

Summary from the TLDR newsletter

Netflix doesn't plan to close any studios after its bid for Warner Bros. streaming and studio businesses. The battle for Warner Bros. is expected to face stiff regulatory scrutiny. Paramount has launched a hostile bid and may propose an even higher bid. Netflix is committed to releasing Warner Bros. movies in theaters if its bid is successful.