What do you get the CEO who has everything this holiday season? Well, based on its increasing popularity, the thing everybody wants under the tree this year is Warner Bros. It was the focus of at least three major entertainment companies recently. Paramount, Netflix and also Comcast were engaged in a bidding war over the studio, one that we thought had been settled last week.
Last Friday, it was announced that Netflix’s bid to acquire Warner Bros. had been accepted, which left the other two competitors, Paramount and Comcast, seemingly out in the cold. However, this morning, Paramount revealed it wasn’t done when it launched a hostile takeover bid. However, in an appearance at the UBS Global Media and Communications conference (via Variety), Netflix CEO Ted Sarandos indicated that he doesn’t plan to lose sleep over the continued battle, as he still expects Netflix to win the day. He said…
