‘We are no strangers to competition and we are no strangers to change’: Ted Sarandos says Paramount is just another Blockbuster

Netflix capped last year with another solid financial performance despite slowing subscriber growth that underscored the importance of its contested $72 billion bid to take over Warner Bros.’ movie studio and slot HBO Max into its video streaming line-up.

The fourth-quarter results announced Tuesday eclipsed the projections of stock market analysts, but Netflix’s report also noted that the video service ended the year with more than 325 million worldwide subscribers, a figure indicating...