Netflix co-CEOs go on defensive over $83 billion Warner Bros deal

FILE PHOTO: A drone view shows the Netflix logo on one of the company's buildings in the Hollywood neighborhood of Los Angeles, California, December 8, 2025. REUTERS/Daniel Cole/File Photo

Jan 21 (Reuters) - Netflix's co-CEOs found themselves ‌in an unusual position after the company's latest earnings report: on the backfoot.

The streaming pioneer's decision to plunk down nearly $83 billion ‌on Warner Bros' assets marks a significant departure from the company's long-standing mantra: build, don't buy.