Netflix Co-CEO Says Warner Deal to Put More Films in Cinemas (1)

Ted Sarandos, co-chief executive officer of Netflix Inc., said his company’s acquisition of Warner Bros. Discovery Inc.will lead to more films in theaters, addressing a key complaint from Hollywood in the high-stakes battle for one of the industry’s iconic studios.

A merger of Netflix and Warner Bros. is “better for theaters” because Netflix will be able to take its films and put them in cinemas using the distribution network that Warner Bros. has built, Sarandos said Thursday in an interview on Bloomberg TV.

“It is likely you will have even more of an outcome of high-quality films ...