This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

Netflix-Warner deal is 'vertical,' better for labor than Paramount deal, Netflix CEO says

( February 19, 2026, 23:26 GMT | Official Statement) -- MLex Summary: Netflix CEO Ted Sarandos noted during a Feb. 18 television broadcast that his company doesn't operate "a theatrical studio," unlike Paramount Skydance, its rival bidder for Warner Bros. Discovery, according to a transcript of the news program submitted to the Securities and Exchange Commission the following day. "We do not have anywhere near the production capacity and capability that Warner Brothers does," Sarandos said. "We do not have a third-party television production unit. What we do share is HBO and Netflix. And what I’d say is that those are very complementary businesses. This is very much a vertical merger. And I’d say if you know, if 80% of the members of HBO have a Netflix subscription, I think that’s a really strong case that this is a complimentary business and this is a vertical merger."See SEC filing excerpt....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login