Dec 15 (Reuters) - Netflix's ( NFLX ) decision to

acquire assets from Warner Bros Discovery ( WBD ) has not

changed and the hostile bid from Paramount Skydance ( PSKY ) was

"entirely expected", its co-CEOs Greg Peters and Ted Sarandos

said in a letter to employees on Monday.

The streaming giant is committed to theatrical releases of

Warner Bros' movies, saying it is "an important part of their

business and legacy".

"We haven't prioritized theatrical in the past because that

wasn't our business at Netflix ( NFLX ). When this deal closes, we will

be in that business," the letter stated.

Netflix ( NFLX ) said its deal is "solid" and it is confident that it

is great for consumers and can pass regulatory hurdles.