Netflix Walks Away From Warner Bros.
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Ted Sarandos attempted to playdown Donald Trump's fiery request over the weekend for Netflix to fire board member Susan Rice, when questioned on the social media outburst in an interview on the BBC's Today program on Monday.
Netflix, Inc. (NFLX) stock is up 5% today, leading to huge call options volume in two out-of-the-money (OTM) tranches. NFLX call buyers and covered call sellers are bullish, based on the Warner Bros Discovery (WBD) acquisition saga and Netflix's earnings.
The president made the attack as Netflix and Paramount Skydance face a key deadline in a bidding war for Warner Bros. Discovery.
Donald Trump weighed in amid negotiations over the Warner Bros. deal, saying Netflix should fire Susan Rice from its board "or pay the consequences."