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Warner Split is part of the broader “Shakeout”: Netflix Co – CEO

Greg Peters, co-chief executive of Netflix Inc., said Warner's decision to split the two independent companies into two independent companies shows a wider “shaking” in the media industry, which is increasingly dominated by streaming and on-demand services. “Everything is streaming to streaming,” Peters said in an interview with Bloomberg editor John Micklethwait at the Founders Forum Global Conference on Thursday. “There will be a period of shake-up and transition.”