Netflix's Calculated Risk: A Shift in Strategy or a Sign of Weakness? The news that Netflix walked away from its $82. 7 billion bid to acquire Warner Bros. Discovery sent shockwaves through the entertainment industry.
The decision, made after Paramount revised its offer to $111 billion, has left many wondering what this means for the future of the streaming giant.
In an exclusive interview with TIME, Netflix co CEO Greg Peters provided insight into the company's thought process behind this high stakes deal.