🏃♀️ Exclusives & Breaking News
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TED SARANDOS AND GREG PETERS ALSO DISCUSS REPORTS OF A POTENTIAL PEACOCK PARTNERSHIP & FAST CHANNEL PLANS |
Netflix co-CEOs Ted Sarandos and Greg Peters used the company’s second-quarter earnings interview to try to clear the air regarding prospects for M&A, strategic partnerships and FAST channels.
Responding to a question about Lionsgate or NBCUniversal, both considered prime suspects in the current wave of consolidation, Sarandos told Wall Street analysts on Thusday he wanted to remind them of the company’s “core philosophy.” Netflix has “multiple ways to achieve our goals,” he added, among them “producing, licensing, partnering, and we’re constantly seeking ways to allocate our resources to the most attractive options.”
Repeating the mantra Peters offered up last fall as reports swirled about a potential run at Warner Bros Discovery, Sarandos said, “We’re primarily builders, not buyers. That remains the case today."
The remarks came after the company reported mixed results for the second quarter, with forecasts for slowing growth and concerns about waning engagement dragging down Netflix stock. >>>High Bar For Mergers
Related:
Sarandos Says Streamer Has Used AI In 300 Productions
‘His & Hers’ Leads TV Viewing On Netflix In First Half Of 2026
Netflix Brass Say Sophomore Series Slump Snag Is Actually Improving
Streamer To Ramp Up Live Programming
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Deadline Exclusives & Originals
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Casualty Of 'War' - Prime Video's God Of War will have a new actor playing Kratos as the lead role in the high profile fantasy drama series is being recast. The decision comes after Ryan Hurst, who had been cast in the role, was seriously injured on the set. >>>Production On Pause
'The Odyssey' Sets Sail - Christopher Nolan's epic The Odyssey scooped up $17.6 million in preview box office Thursday ahead of today's wide opening. That ranks as the best preview number of the year thus far for a live-action title. >>>Ahead Of 'Oppenheimer'
Deal Limbo In London - Paramount‘s $110 billion takeover of Warner Bros Discovery faces more regulatory uncertainty in Britain, where Parliament has closed its doors for the summer. It will reconvene September 1, not long before Paramount’s stated goal of closing by September 30. Technically, the transaction could be formalized without UK clearance because Britain’s merger control regime does not have the legal power to forcibly block a deal. But doing that could increase scrutiny on Paramount, which had indicated it would respect the UK process, as it is already faces a lawsuit by 12 state attorneys general in the U.S. >>>EU Decision Next Week
Veteran 'SNL' Cast Member Exits - The first cast departure following Season 51 of Saturday Night Live is a big one. Chloe Fineman, one of the NBC sketch comedy’s standout performers in the past few years, is leaving after seven seasons. >>>Next Project Lined Up
'Rocky' Road - On the heels of a knockout trailer for I Play Rocky, Anthony Ippolito has signed with CAA. Buzz has been building on the actor, and the Amazon MGM Studios drama, well before its theatrical release November 13. >>>50-Year Anniversary
Box Office Bounceback - India’s theatrical market is one of the few in Asia that has outstripped pre-pandemic revenues, despite the growth of streaming. Sanjeev Kumar Bijli from the country’s biggest cinema chain, PVR Inox, told Deadline how India has navigated an inconsistent film supply – with local films picking up the slack following the Hollywood strikes. >>>Hindi Films Back In Big Way
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Exclusive
Riley Keough, Devon Terrell, Nicholas Podany and Carl Clemons-Hopkins have joined the cast of the upcoming Netflix limited series Enigma Variations, based on the bestselling novel by André Aciman.
Exclusive
Heated Rivalry actress Sophie Nélisse has booked the first major role in the upcoming book-to-TV adaptation of the Carley Fortune novel for Netflix, This Summer Will Be Different.
Exclusive
William Jackson Harper has joined the main cast of Conviction, Hulu's upcoming series from 20th Television starring Elisabeth Moss.
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MORE NEWS
🗣️ Donald Trump lashed out at ABC and NBC, the two networks that chose not to carry his speech live on their broadcast platforms, as he delivered a 25-minute long speech full of claims that included China obtaining voter registration data and the “deep state” withholding that intelligence from him.
⚖️ Meanwhile, the president has dropped part of his $10B defamation lawsuit against the BBC, but reports have emerged that the U.S. government is considering joining his litigation.
🎬 Warner Bros. Clockwork is rolling cameras this fall on Nasty starring Jenna Ortega and Oscar nominee Rose Bryne. The project from filmmaker Mary Bronstein, who directed Byrne in If I Had Legs I’d Kick You.
👩🏻 The Claudia Winkleman Show is ending after just one season on the BBC. In a moment of candor, The Traitors UK host announced that she was “just too nervous to enjoy it” and will be stepping away from the late-night chat show.
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ON THE RADAR
Fri - The Odyssey opens; Hearing on AGs v. Paramount
Sat - England vs. France World Cup third place game
Sun - Spain vs. Argentina World Cup final
Thu - Comic-Con begins
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'Furious' Faces - Emmy Rossum, Lola Petticrew and Elizabeth Meriwether attend the premiere of Hulu's Furious.
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