Netflix’s enormous $83 billion takeover of Warner Bros. Discovery prompts significant inquiries for Apple TV, yet at least one possible concern appears to have been addressed. Netflix co-CEO Ted Sarandos indicates that Warner’s television sector will keep providing programs to competing streaming platforms.
Should Netflix’s acquisition of HBO Max and Warner Bros. receive the go-ahead from regulators, it could generate substantial consequences throughout the entire industry. Regarding possible implications for Apple and the Apple TV service, one initial worry has now seemingly been alleviated.
Netflix co-CEO Ted Sarandos—also recognized as Apple TV’s The Studio actor Ted Sarandos—addressed the audience today at the UBS Global Media and Communications Conference. During his speech, he commended the efforts of the Warner Bros. Television Group, which is helmed by former Netflix employee Channing Dungey.
Here’s what Sarandos articulated:
“The television studio…produces and licenses content to third parties. We were never in that business. We are now. When you…get under the hood, that’s a really healthy business. It’s not as large as ours, and that’s why we haven’t really concentrated much effort on it. The growth potential in our core business has been more significant. But now in this transaction, we own that business, and Channing and that team do an exceptional job, and we want them to keep doing that exceptional work.”
Among the programs that Warner’s TV studio creates are several of Apple TV’s most significant successes. These feature Ted Lasso, Shrinking, Bad Monkey, and Presumed Innocent—all of which are set to release new seasons. Although Apple TV is the exclusive streaming location for these series, they were not internally developed but rather are licensed outputs.
When the Netflix arrangement was unveiled, it was uncertain whether the streamer would desire to keep making potential blockbusters for its competitors. However, it appears they intend to proceed with doing just that.
Apple TV is available for $12.99 per month and showcases popular TV series and films such as Ted Lasso, Severance, Pluribus, and more. It can also be accessed through the Apple One bundle.
