Netflix CEO Ted Sarandos is criticizing "Titanic" director James Cameron for spreading misinformation about Warner Bros Discovery's commercials.
Netflix co-CEO has accused James Cameron of spreading 'misinformation' about the acquisition of Warner Bros.
The director of Titanic has warned that job losses at theaters will "spiral" if Netflix is taken over by Warner Bros.
Netflix co-CEO Ted Sarandos accused legendary director James Cameron of misplaced faith when Cameron told Netflix's Warner Bros. criticized the potential acquisition of Discovery ( WBD ).
"I am particularly surprised and disappointed that James chose to be part of the Paramount disinformation campaign that has been running for months about this deal," Sarandos said on "The Claman Countdown" on Friday.
Netflix announced it would buy WBD, including HBO and HBO Max, in December.A few days later, Paramount Skydance submitted an anti-cash offer.
Netflix recently faced a wave of criticism from some members of the Hollywood and California elite for its acquisition of studios.
Cameron expressed concern about the deal in a letter to Sen.Mike Lee of Utah, chairman of the Senate Judiciary Subcommittee on Antitrust, Competition and Consumer Rights.
In the letter, the "Titanic" and "Avatar" director claims that Netflix's business model is "in direct contrast" to the theatrical film production business.
"Theaters will close. Fewer films will be made. Service providers like VFX companies will go out of business. Job losses will flow," the letter reads in part.
Sarandos said he was "surprised" by Cameron’s criticism of Netflix’s proposed WBD acquisition.
"I met with James personally at the end of December and explained to him our 45-day commitment to theatrical releases and to the Warner Brothers slate," the Netflix chief said.
Cameron expressed concern that Netflix was promising a 17-day release window, but the company later confirmed it would be 45 days.
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"45 days of theatrical exclusivity — that was clear from the beginning," Sarandos said."I never even said the word 17-day window."
The Hollywood director also said that Netflix WBD would reduce the number of movies released in theaters each year, currently about 15, Sarandos slammed.
"We're going to run the Warner Bros. film and television studio pretty much as it is today," he told FOX Business."45 days of movies in theaters, a healthy, strong lineup of movies every year. And that will continue."
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Sarandos also targeted Paramount over their deal to buy WBD, saying it would cut $6 billion from WBD.
"The Paramount deal that's been floating around and the misinformation that's promising to cut jobs. They're promising to continue massive cuts to the entertainment industry. And then the alternative is, we're growing, growing, and they're promising to cut, cut, cut," he said.
