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Zaslav Praises netflix Collaboration as Warner Bros. Discovery Deal Advances

LOS ANGELES – Warner ‌Bros. Discovery CEO David Zaslav publicly lauded Netflix as‍ an ‌”exceptional” ‍company with a “lasting” future during a company-wide​ town ‌hall meeting following the announcement of the deal that will ⁢see Warner Bros.​ Discovery’s content integrated ​into the streaming giant. The meeting, held after a gathering of 150 ⁢top leaders, outlined details of the agreement and⁤ the forthcoming separation of Discovery ⁤Global.

The deal, which ‍also involved consideration from Paramount and Comcast, is expected to take 12-18 months to navigate a global regulatory process, according to Netflix’s Chief Legal Officer Aiyar. ‌Despite acknowledging the emotional impact of the move, Zaslav and other leaders emphasized the opportunities presented by the partnership,⁢ including Warner Bros.Television continuing to produce content‌ for​ rival streamers.

zaslav’s comments mirrored a recent letter sent to staff,and he specifically noted the ease‍ of working with netflix Co-CEO Ted‍ Sarandos,with whom he has been spending increased time. The town hall ⁢also addressed financial details of the agreement and the planned spin-out of Discovery Global in the third quarter of next year.

Gunnar Wiedenfels, who will lead the⁤ newly autonomous⁤ Discovery Global, expressed “enormous pride”‍ in the company and acknowledged the bittersweet nature of ⁤the​ transition, stating he ‌was “excited” to⁣ run his own⁢ entity.Zaslav ⁣concluded the meeting by advising employees to “put your‌ seatbelts on,” signaling a period of significant change ahead.