Netflix boss makes stunning prediction after Warner Bros. deal crumbles: 'Hope I'm wrong'

Netflix co-CEO Ted Sarandos made a stunning prediction after the company dropped its bid to acquire Warner Bros. in a new interview with Bloomberg on Sunday.

Netflix and Paramount Skydance, a media conglomerate run by the Trump-supporting Ellison family, were in a heated battle to acquire Warner Bros. studios and HBO Max until late February, when Netflix pulled out of the running. That move paved the way for Paramount to acquire Warner Bros. in a multi-billion-dollar deal, financed primarily through debt.