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Netflix Not Threatened by Warner-Facebook, Official Says

Netflix Inc., the mail-order and online movie-rental service, doesn’t view Warner Bros.’ plan to offer $3 film rentals on Facebook as a greater threat than other rivals pose, Chief Content Officer Ted Sarandos said.

“Nobody goes to Facebook to watch movies,” Sarandos said in an interview today at a film finance conference in Los Angeles. Netflix will eventually get shows from Warner Bros.’ sister company HBO by offering to pay the cable channel the “right amount,” he said.