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Dirk Libbey

‘The Short Answer’ Behind Why Netflix Head Honcho Says They Backed Out Of That Warner Bros. Sale

Netflix Warner Bros Paramount Spencer Neumann HBO Max WB

Side by side logos for Netflix, Warner Bros. and Paramount Pictures.

The battle for Warner Bros. appears to be over, although we’ve said that once before. After initially losing out to Netflix, Paramount initiated a hostile takeover that was ultimately successful after the studio under David Ellison upped its bid to a point that Netflix was unwilling to meet. The change in fortune for WB was a shock to many, and now Netflix CFO Spencer Neumann has given us some slight insight into why the streaming giant walked away.

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