Netflix co-CEO Greg Peters said he is confident the company will secure shareholder backing for its $82.7 billion bid to acquire Warner Bros. Discovery’s film and television assets, dismissing Paramount’s competing $108 billion offer as risky and unconvincing.
In an interview with the Financial Times, Peters argued that Netflix’s all-cash proposal offers greater certainty than Paramount’s debt-heavy bid, which relies on roughly $55 billion in borrowing.
He noted that only about 7% of Warner Bros. Discovery shares have been pledged in support of Paramount’s offer, far short of the 50% required for control.
Netflix has moved to reassure investors by promising a shareholder vote as early as April and by securing major assets such as HBO’s content library and the historic Warner Bros. studio.
Peters added that Paramount’s offer would be difficult to finance without backing from Oracle founder Larry Ellison.
The potential Netflix–Warner Bros. deal has sparked concern in Hollywood over market dominance and the future of theatrical releases.
Netflix executives Ted Sarandos and Greg Peters said the company would commit to traditional cinema release windows of at least 45 days in the U.S.
Both the Netflix and Paramount bids are expected to face close regulatory scrutiny in the US and Europe, as the combined entity’s market share could exceed 30%.
Despite investor uncertainty and a recent dip in Netflix’s share price, the company reported a 29% rise in net profit in the final quarter of 2025, underlining its strong financial position.
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