New Delhi, Dec. 16 -- Netflix co-CEO Ted Sarandos has sought to clarify previous statements on cinema screenings of movies and streaming amid his company's acquisition of storied studio Warner Bros Discovery, including its streaming and media business.

Speaking at the 'Emily in Paris' premiere in Paris, Sarandos told United States publication Variety that the deal does not seek to "harm" Warner Bros' current value but will "bring out the best".

The CEO said that Netflix plans to continue theatrical releases for movies made by Warner Bros and plans to uphold the company's "incredible legacy of film".

"We're going to run Warner Bros - it's a very successful company, with an incredible legacy of film. We didn't buy the company to harm any...