Instagram/Ted Sarandos TV Netflix CEO breaks silence on failed Warner Bros. bid, calls rival offer "irrational" and addresses political pressure. March 13, 2026 AceShowbiz - Ted Sarandos, the co-chief executive officer of Netflix, has broken his silence following the company's unsuccessful attempt to acquire Warner Bros. Discovery. In a candid interview with Lucas Shaw at Bloomberg, Sarandos expressed his views on losing the bid to Paramount, describing the competing offer as "unusual" and "irrational.