Netflix agrees $72bn deal for Warner Bros studios, what are the salaries of CEOs Ted Sarandos & Greg Peters?
In a deal worth $72bn, Netflix has agreed to buy Warner Bros Discovery.
Netflix released a statement on December 5, 2025 about their deal to buy Warner Bros Discovery. The statement reads: “Today, Netflix, Inc. (the Company) and Warner Bros. Discovery, Inc. (WBD) announced they have entered into a definitive agreement under which Netflix will acquire Warner Bros., including its film and television studios, HBO Max and HBO.
“The cash and stock transaction is valued at $27.75 per WBD share (subject to a collar as detailed below), with a total enterprise value of approximately $82.7 billion (equity value of $72.0 billion). The transaction is expected to close after the previously announced separation of WBD’s Global Networks division, Discovery Global, into a new publicly-traded company, which is now expected to be completed in Q3 2026.”
Ted Sarandos, co-CEO of Netflix said: “Our mission has always been to entertain the world.” He added that “By combining Warner Bros.’ incredible library of shows and movies—from timeless classics like Casablanca and Citizen Kane to modern favorites like Harry Potter and Friends—with our culture-defining titles like Stranger Things, KPop Demon Hunters and Squid Game, we'll be able to do that even better. Together, we can give audiences more of what they love and help define the next century of storytelling.”
Greg Peters, Netflix’s other co-CEO, said: “This acquisition will improve our offering and accelerate our business for decades to come.
Greg Peters also said: “Warner Bros. has helped define entertainment for more than a century and continues to do so with phenomenal creative executives and production capabilities. With our global reach and proven business model, we can introduce a broader audience to the worlds they create—giving our members more options, attracting more fans to our best-in-class streaming service, strengthening the entire entertainment industry and creating more value for shareholders.”
How much are Ted Sarandos and Greg Peters paid?
In April 2025, Variety reported that “Both Sarandos and Peters were given significant cash bonuses of $12 million for the year. They each earned a base salary of $3 million and received $42.7 million in stock awards. Sarandos was granted $2.3 million in option awards and Peters received $2 million. “Other” compensation for the co-CEOs totaled $2 million for Sarandos and $613,091 for Peters.”